Unit 8 is a mid-terraced single storey unit of steel portal frame construction with attractive elevations of insulated profiled steel cladding above traditional facing brickwork.
The production area is arranged in clear space with an eaves height of approximately 5.85 metres (19 ft). Loading is via a sectional manual loading door at the front measuring 2.30m (height) by 3.30m (wide).
Unusually the warehouse is fitted out with a two-floor mezzanine / storage system which can be removed by the vendor if not required.
Good quality fully first floor fitted offices are provided across the front which include a ceiling mounted air conditioning system and a suspended ceiling with recessed Category II lighting.
Toilet facilities, a tea point and visitor office are provided on the ground floor.
Prime Greater London Investment Opportunity
A rare opportunity to acquire a strategically located prime multi let industrial investment in a core London location. One of the most accessible industrial parks to the motorway network, adjacent to the M1 Motorway (Junction 4) and within a 5 minute drive time of the M25 (Junction 21). The estate adjoins the A41 / A5 providing direct access into Central London 12 miles to the south. Centennial Park, constructed in 6 phases, comprises a total of 535,000 sq ft built stock in 67 buildings and a 120 bed De Vere Hotel with superb amenities. Phase 300, one of the most modern phases, was constructed in 2002 and provides versatile production, storage and business space. 12 high quality high-office content warehouse units totalling 112,214 sq ft with unit sizes ranging from 4,780 sq ft to 16,115 sq ft. A 6.85 acre site, providing a low site density of 37% set in a safe, secure and high quality landscaped environment. Attractive car parking ratio of 1:402 sq ft with separate yard / loading areas and overall excellent site circulation. Fully let to 9 tenants with an AWULT of 4.20 years to expiry and 2.90 years to break with strong occupancy history. Passing rent of £1,432,845 per annum, reflecting only £12.77 psf with a number of active management initiatives to drive the rental tone and improve the unexpired term. The tenants have invested significant capital expenditure demonstrating strong commitment synonymous with R&D, bio-tech and IT occupiers. Since 2009 the estate has had 20 leasing events with a retention rate of close to 100%. The property has been fully let since 2014 and is now optimally positioned to capture record prime rents over upcoming lease events. 97% occupancy (by area) on the industrial core across the wider park with only 1 available unit. We are instructed to seek offers in excess of £22,400,000 (Twenty Two Million Four Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6.00% and a capital value of £200 psf assuming normal purchaser’s costs of 6.75%.
Prime Mixed Development & Investment Opportunity
The property has excellent infrastructure connections, situated within 4 miles of the M11 and within 9 miles of the M25, within 15 minutes of London Stansted Airport and within 2.3 miles of Harlow Town station which provides regular train services to London taking just over 30 minutes to Liverpool Street
A well fitted warehouse / production unit built in 2003.
The property is constructed of a steel portal frame with elevations and roof finished in silver coloured pvc coated steel cladding.
The front elevation contains a full size loading door and double glazed windows at ground and at first floor level.
There is a dedicated loading and parking area at the front finished with brick paviors.
There are high specification first floor offices located above the main entrance which are configured to provide a general office, accounts office and stylish meeting room. The offices are fully finished and provided with air conditioning.
Beneath is a reception area, studio, kitchen and toilet accommodation.
The warehouse/production area is decorated in white and provided with a large 4,530 sq ft mezzanine floor previously used for studio/light industrial purposes finished underneath with suspended ceilings.