Unit 3 Westfield Road is of a conventional steel portal frame design, the walls being of brick and blockwork which are surmounted by insulated profile steel sheeting to both upper walls and roof.
The building has been extended to the front following the construction of an enclosed loading bay which benefits from two large roller shutter loading doors and a small loading which in turn leads to two inner loading doors which are 4.63m wide. To the front of the building there is a two storey office structure which provides a mixture of storage, ladies and gents WC's, canteen and office accommodation. Electrically operated roller shutters provide security to the ground floor office windows and front door.
To the front of the building is a good sized yard and loading bay with adequate car parking for the office accommodation.
( Agency Pilot Software Ref: 7 )
PORTFOLIO OF 3 FREEHOLD RESIDENTIAL PROPERTIES IN GREATER LONDON LEASED DIRECTLY TO THE UNDOUBTED COVENANT OF A MAJOR LOCAL AUTHORITY
338 units providing a mix of studio, 1 bed, 2 bed and 3 bed flats.
NIA of c. 100,000 sq ft (c. 9,200 sq m).
The assets are all located closely together in the North of Croydon.
Gross passing rent of £3,538,750 p.a. and an NOI of £3,167,467 p.a.
Average WALT of c. 9 years and a WALT to break of c. 6 years.
Planning consent to add further 26 units.
We are instructed to seek offers in excess of £51,800,000, subject to contract and exclusive of VAT, for the entire portfolio. A purchase at this level, assuming Purchaser’s costs of 6.78%, would reflect an attractive gross yield of 6.40% and net initial yield of 5.73%.
Fully inclusive workspace available to rent in North West London - WD17. Call on 0203 142 8595 now to speak to one of our expert team and arrange a viewing today.
This is a fully equipped business centres for cost-conscious SMEs and start-up companies. Offering an extensive range of business support and administrative services, this centre takes care of everything allowing clients the freedom to build and run a successful business. There are various office floorplan configurations available at flexible terms for immediate occupancy and clients are assured of entirely transparent, simple monthly invoicing. Office suites are available in a range of sizes with flexible agreements to match.
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