The property comprises a single storey detached industrial unit of steel frame construction.
( Agency Pilot Software Ref: 296519 )
Location
The property is prominently situated at the corner of Beeby Road and Newham Way (A13), approximately 0.5 miles east of Canning Town flyover.
There is excellent access to Canary Wharf, Royal Docks and Central London.
The A406 North Circular Road is approximately 3 miles to the east, which gives good access to the M11 and national motorway network.
Accommodation
Warehouse - 3,251 sq ft
Office - 635 sq ft
Total - 3,886 sq ft
Adjacent Yard - 1,313 sq ft
Terms
Tenancy - The property is let to Cutting Edge (Sets) Ltd, with a surety from the directors. The lease is for a term of 5 years, ending on 17 April 2022. The lease is drawn on full repairing and insuring terms subject to a Schedule of Condition. The lease is inside the Landlord & Tenant Act.
The passing rent is £XXX per annum exclusive, which equates to a base rent of approx £XXX per sq ft.
Occupational Market - The east London industrial market has enjoyed a sustained period of significant rental growth over the last 5 years as industrial and warehouse premises remain in short supply. Well located units with good access to Central London are particularly sought after.
Comparable rental evidence from the local area shows units of similar size in Canning Town achieving rents in excess of £XXX per sq ft .
Details of comparable evidence are available on request.
Proposal - We are instructed to seek offers in excess of £XXX subject to contract and exclusive of VAT. A purchase at this level reflects a capital value of £XXX per sq ft.
Specification
- 3.5m internal eaves height
- 3 phase power
- Gas heating
- 2 x roller shutter loading doors
- Self-contained yard