Light industrial for sale in Forest Business Park. Argall Avenue, Leyton, Leyton, London E10, £725,000
725,000.00
Offer Nr.:
64771284
Type of ad:
for Sale
Property type:
Light industrial
Contact name:
Land Commercial Surveyors
Phone(s):
020 8115 9734
Email:
* Long leasehold investment
* Currently 63 years left to run at peppercorn ground rent with option to extend by a further 26 years.
* Peppercorn ground rent
* Let andincome producing for approximately 20 years
We are delighted to offer For Sale this long leasehold investment currently
with 63 years left to run at peppercorn groundrent. The leaseholder can
extend the lease by a further 26 years if they wish to create an 89 year long
leasehold interest.
The property has been let and incomeproducing to Stapletons who have been
trading there for approximately 20 years with a current annual rental income
of £37, 692 p. a. x. , with a rent review due in April2024 and lease to expire
April 2029. The site is around 10, 000 sqft (not measured).
Service charge: Approximately £1, 632. 40 p. a.
Insurance Charge: £2, 234. 42 p.a.
The property is offered For Sale on assignment of the existing lease.
* Currently 63 years left to run at peppercorn ground rent with option to extend by a further 26 years.
* Peppercorn ground rent
* Let and
We are delighted to offer For Sale this long leasehold investment currently
with 63 years left to run at peppercorn ground
extend the lease by a further 26 years if they wish to create an 89 year long
leasehold interest.
The property has been let and income
trading there for approximately 20 years with a current annual rental income
of £37, 692 p. a. x. , with a rent review due in April
April 2029. The site is around 10, 000 sqft (not measured).
Service charge: Approximately £1, 632. 40 p. a.
Insurance Charge: £2, 234. 42 p.
The property is offered For Sale on assignment of the existing lease.
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