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For Sale£475,000.00

Freehold Investment Industrial/Warehouse

General Industrial, Light Industrial, Warehouse, Business park, Industrial, Offices , 2602 Sq Ft
Property type: General Industrial, Light Industrial, Warehouse, Business park, Industrial, Offices
Tenure: Investment Opportunity, For Sale Freehold
Size: 2602 Sq Ft
Price: £475,000.00
Location: Unit 4, Riverwalk Business Park, Riverwalk Road, EN3 7QN
The unit forms part of a terrace of units in the desirable Riverwalk Business Park scheme. The unit has been well laid out with a mezzanine floor to provide ground and first floor areas which would accommodate a range of uses.



Location

The Business Park is located directly off Jeffreys Road which runs parallel with Mollison Avenue (A1055) which forms part of the north/south route connection northwards to the A10 and M25 (Jct 25) and southwards to the A406 North Circular Road.

Brimsdown Mainline Railway station is within walking distance providing regular services into London (Liverpool Street approx. 30 mins) with underground connections at Tottenham Hale (Victoria Line).



Terms

The property is available freehold subject to the following tenancy. Let on a full repairing & insuring lease to Total Wrap Ltd plus a Directors Guarantee for a term expiring 28/09/2021 at a passing rent of £23,500 per annum exclusive. There is a mutual break clause as at 29/09/2019.
The lease is contracted outside the Landlord & Tenant Act 1954 and is subject to a photographic Schedule of Condition.



Features
• Forms part of a modern secure estate with onsite parking
• Income £23,500 per annum exclusive reflecting a low average rent of £9.03 per sq. ft. based on 2,602 sq. ft. (Tenant required to reinstate 539 sq. ft. of mezzanine currently removed)
• Reversionary potential 28/09/2021 with an estimated present day rental value of £12 per sq. ft.
• Mutual break clause 29th September 2019
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