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Unit 20B Stadium Business Centre, North End Road, Wembley, HA9 0AT
2,422 Sq Ft / Industrial / Warehouse / Distribution
Withdrawn - Last updated: 27 April 2021
The premises comprise a mid-terraced steel truss framed warehouse/industrial unit primarily of brickwork elevations to a pitched roof which benefits from a clear open plan layout, maximising storage and production capacity. Access is gained via loading door and dedicated parking is located in front of the unit.
Location
Stadium Business Centre is located just off Fourth Way which is part of the one way system serving the Wembley Trading Estate and it is conveniently located providing quick access to the A406 North Circular Road and the Hanger Lane Gyratory system. The wider motorway networks include the M1, M25, M40 as well as the A40 Western Avenue into Central London.
Accommodation
TOTAL (GIA) - 2,422 SQ FT (225.01 SQ M)
All measurements are approximate and on a gross internal basis (GIA)
Terms
TENURE
Freehold - Subject to a short-term tenancy.
PRICE
Freehold Price - £599,500
(We have been advised this property has not been elected for VAT)
TENANCY
The sale will be subject to a lease granted to MTD Contractors Ltd (Company No. 05269288) for a term of 1 year from 18th July 2020 expiring 17th July 2021 at a passing rent of £22,000 per annum exclusive (£9.08 per sq ft). The lease has been contracted outside the provisions of the 1954 Landlord & Tenant Act (Part II as amended).
The Vendor is also willing to offer a sale subject to full vacant possession, subject to lease expiry date.
COVENANT PROFILE
MTD Contractors Ltd (Company No. 05269288 were incorporated on 25th October 2004 and their principal activities are listed as “Building Services”. Experian Score 57/100 - Below Average Risk.
ESTIMATED RENTAL VALUE
The estimated open market rental value for this property is between £14- £15 per sq ft (£34,000 - £36,000 per annum)
BUSINESS RATES
Interested parties are advised to contact the London Borough of Brent to obtain this figure.
LEGAL COSTS
Each party to bear their own legal costs.
Specification
- No VAT
- Minimum eaves height of 3.45m rising to 6m at the roof apex
- Concrete floor
- Lighting
- Loading door
- WC
- Dedicated parking bay
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