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Property Ref: 29228

Income Producing Freehold Hq Industrial Investment - For Sale In Ruislip

Unit L, Braintree Industrial Estate, Braintree Road, Ruislip, Middlesex, HA4 0EJ
Available
sizes
We are instructed to seek offers of £6,216,000 (six million two hundred and sixteen thousand pounds), subject to contract and exclusive of VAT, reflecting a NET Initial Yield of 5.00% allowing for the usual purchasers costs of 6.63%



Summary

Investment Summary
1. Freehold
2. Located in well established industrial district
3. Direct acces to the A40 Western Avenue leading to Central London, Heathrow and the motorway network
4. Distribution centre with high quality offices
5. Totalling 26,542 Sq Ft (2,466 Sq M)
6. Producing a total annual rental of £331,400 per annum reflecting £12.49 per sq ft

Property Type

Investment / Industrial / Warehouse / HQ Distribution Centre

Tenure

Freehold sale of the asset subject the tenancies listed in the tenancy schedule.

Price

We are instructed to seek offers of £6,216,000 (six million two hundred and sixteen thousand pounds), subject to contract and exclusive of VAT, reflecting a NET Initial Yield
of 5.00% allowing for the usual purchasers costs of 6.63%.

There may also be a possibility of puchasing the property via the shares of an SPV which will substantilly reduce the purchasers costs.

Location

South Ruislip forms part of Ruislip within the London Borough of Hillingdon, some 14 miles north-west of Central London. The area benefits from excellent communications with London Underground services (Piccadilly, Central and Metropolitan
Lines) serving the area from South Ruislip and Ruislip Manor underground stations. The A40 dual carriageway is within 1 mile leading into Central London, M40, M25 and the wider motorway network. The recent redevelopment of the former
Express Dairy Site on Victoria Road includes a new Asda Superstore, Aldi, B&M Home Stores, multi-screen cinema complex and several well-known restaurants.

Situation

The property is located on the well-known Braintree Industrial Estate accessed from on Braintree Road which is located on the south west side of Victoria Road midway between South Ruislip and Ruislip Gardens underground stations (Piccadilly,
Central and Metropolitan Lines). The Estate is easily accessible to the A40 Western Avenue at the Polish War Memorial junction which in turn leads to Central London to the east and M40, M25 and the wider motorway network to the west.

Description

The subject premises comprise a detached, modernised, steel portal framed storage/ distribution facility constructed of brickwork elevations to a double pitched rood. Access to the ground floor warehouse is available via three electric roller shutter loadings doors. The warehouse area is of a clear open-plan configuration. A small mezzanine floor has been added to create further storage space. Grade A specification office accommodation is situated within a dedicated three storey section attached to the front elevation of the building. Allocated parking is available to the front elevation of the building.

Accommodation

All measurements are approximate and measured on a gross internal area basis
Ground Floor Warehouse & Office 19,850 sqft 1,844.13 sqm
Mezzanine Storage 912 sqft 84.73 sqm
First Floor Offices 4,480 sqft 416.21 sqm
Second Floor Offices 1,300 sqft 120.77 sqm
TOTAL 26,542 sqft 2,465.83 sqm
Site Area approx: 0.50 acres 0.20 hectares

Amenities

  • Grade A Offices
  • Access control to every suite
  • LED lighting
  • High quality WCs and staff canteens
  • Air conditoned comfort cooling
  • Server room with CAT 5 infrastructure
  • Open-plan and executive office suites
  • Multiple boardrooms
  • Red Care security
  • Warehouse
  • 5m clear eaves height
  • 3 x electric loading doors
  • Concrete floor
  • LED lighting
  • Translucent roof panels
  • 3 phase power and gas supply
  • Allocated car parking spaces

Tenancy

The property is let to Magnum Brands Ltd for a term of 10 years from 11 October 2019.

Cornerstone Telecommunications Infrastructure Ltd has a lease for a telecommunication mast as listed within the tenancy schedule.

Covenant Profile

Full company reports available upon request.

Gross Annual Income

Producing a total annual rental of £331,400 per annum reflecting £12.49 per sq ft

Net Yield

5% allowing for the usual purchasers costs of 6.63%

VAT

We understand the property has been elected for VAT.

Legal Costs

Each party to bear their own legal costs.

Misrepresentation

Telsar Ltd and its joint agents, give notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Telsar Ltd or its joint agents, has any authority to make any representation or warranty whatsoever in relation to this property. All rentals and prices are quoted exclusive of VAT.