FOR SALE BY AUCTION - LOT 13
RARE INDUSTRIAL FREEHOLD UNIT
(Ideal for owner occupiers or investors)
- Current Rental Value £XXX pa
- Estimated Rental Value £XXX pa
- 6 week completion
- Located on a modern Business Park
- Close proximity to A40 and A406
- Part income producing (potential to add rental value)
- Dedicated loading/parking
A modern warehouse facility of steel truss construction and brick work elevations to a pitched roof. Dedicated parking is available to the front and side of the property. Access to the warehouse is via a full height roller shutter door. Ancillary offices are situated on the first floor level and mezzanine floor has been added to create further storage. The property has been sub-divided into three self-contained sections, two of which have been rented on the terms listed below. The remaining section occupied by the current owner will be sold with vacant possesion.
EPC Rating: Please refer to legal documents
Vendor’s Solicitor: Ms Jaymini Ghelani, Axiom Stone, Tel: 020 8422 1181, Email: jg@axiomstone.co.uk
Location
Park Royal is the largest industrial/business park in London and the subject property is located approximately 7.5 miles north-west of Central London. The area is extremely well connected by road with the A40 and A406 being easily accessible and both providing access to the wider UK motorway network. The area is well served by public transport with Park Royal Underground Station (Piccadilly Line) and North Acton Underground Station (Central Line) being within easy reach from the subject property. The subject property is situated within a secure modern Business Park located on Abbey Road which is a main thoroughfare into the Park Royal industrial district.
Accommodation
Unit 3A - Vacant possesion suitable for owner occupation or letting
Ground Floor Warehouse - 3,293 sq ft (305.92 sq m)
First Floor Office - 2,886 sq ft (268.14 sq m)
Mezzanine - 1,633 sq ft (151.68 sq m)
Unit 3B
Tenancy in place to Benko Construction Ltd for a term of 10 years from 16th August 2016 with 5 year break option
Current Rent - £XXX pa
Reversion - August 2026
Unit 3C
Tenancy in place to Oak & Willow Joinery Ltd from 26th March 2015 till 12th April 2019
Current Rent - £XXX
Reversion - April 2019
Total Size (GIA) - 12,316 sq ft (1,144.18 sq m)
Current Rental Value - £XXX pa
Estimated Rental Value - £XXX pa
Specification
Additional Information
*Guide Price: This is an indication of the seller's current minimum acceptable price at Auction. The guide price is given to assist prospective buyers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the Auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the Auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the Auction.
*Reserve Price: The seller's minimum acceptable price at Auction and the figure below which the Auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the Auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the Auction.
*Please note that the following additional fees will apply to the purchase of your property:
1. A successful purchaser will have to pay a buyer's premium of £XXX plus VAT directly to the Auctioneer
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to prospective buyers prior to Auction. Buyers will be will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty will have to be paid in addition to the sale price. Stamp Duty rates are available online
4. Prospective buyers must factor in solicitor fees and any survey fees
5. Insurance - it is the responsibility of the buyer to insure the property purchased from the date of exchange.