Property Type

Warehouse / Industrial / Production / Storage & Distribution

Tenure

Assignment or sub-letting of existing lease from and including 10 March 2010 to and including 9 March 2030. The lease has been contracted inside the provisions of the 1954 Landlord & Tenant Act (pt II as amended). Any sub-leases will be contracted outside the ’54 Act. A rent review has recently been settled and the next one is due on 10th March 2025. Please refer to Lease assignment factsheet under documents section above for full lease terms.

NB: The incoming lease assignee will be responsible for the reinstatement of the property, as per the landlord's schedule of dilapidations, at the end of the lease term.

Price

Period (12 months in each case) - Annual Rent
From and including 10 March 2020 - £220,000
From and including 10 March 2021 - £242,000
From and including 10 March 2022 - £261,000
From and including 10 March 2023 - £279,000
From and including 10 March 2024 - £299,000

Location

The property is situated on Standard Road which is located off Park Royal Road and Chase Road which are in close proximity to North Acton (Central Line) and Harlesden (Metropolitan Line) underground stations. The unit is located a short distance from the A40 (Western Ave) which affords easy access to the West End and also to the A406 (North Circular Road) via Hanger Lane. The M1, M40, M25 and wider motorway networks can also be accessed from the Hanger Lane gyratory point.

Located close to Asda and other amenities in the centre of Park Royal, North Acton underground station (central line) is within walking distance. The 440 bus serves Standard Road, on the Gunnersbury to Stonebridge Park station route.

Rail
North Acton Station - 0.7 miles
Willesden Junction St - 1.5 miles
Hanger Lane Station - 2.2 miles

Road
M1 (Jct 1) 6 miles
Central London 10 miles
M40 (Jct 1) 12 miles
M25 (Jct 16) 13.2 miles

SAT NAV REF: NW10 6EU

Description

The premises are situated on a very low site density comprising a modern steel portal frame warehouse facility with ancillary office accommodation over two floors. The property benefits from a remarkably large securely fenced and gated yard area which provides parking and further open storage. With an approximate 800kva power supply, the property is ideal for production, manufacturing storage and distribution uses.

Accommodation

All measurements are approximate and measured on a gross internal area basis
Warehouse / Production	14,750 sqft	1,370.32 sqm
Ground Floor Offices	1,885 sqft	175.12 sqm
First Floor Offices	1,885 sqft	175.12 sqm
TOTAL (GIA)	18,520 sqft	1,720.56 sqm
Secure Yard Area	11,000 sqft	1,021.93 sqm

Amenities

• Secure yard area with 28m depth
• 5.5m clear eaves height rising to 7m at roof apex
• Concrete floor
• Translucent roof panels
• Sodium lighting
• 2 x full height electric roller shutter doors (w:4.4m x h:4.75)
• 2 x loading bays
• Three phase power(800 kva approx.)
• Gas
• Male & female WCs
• Canteen
• Fitted offices
• 21 car parking spaces

Tenancy

Offered with full vacant possession.

Planning

The property benefits from the full spectrum of B1(c)Light Industrial, B2 General Industrial & B8 Storage & Distribution uses.

VAT

All prices are subject to VAT.

Service Charge

Approx. £541 plus VAT per quarter. Figure may be subject to change

Business Rates

Interested parties are advised to contact the London Borough of Brent to obtain this figure.

EPC

TBC

Legal Costs

Each party to bear their own legal costs.

Further Info

Any lease assignment or sub-letting will be subject to the Landlord's approval.