Property photos
£725,000
(£72.50/sq. ft)
Light industrial for sale
Forest Business Park. Argall Avenue, Leyton, Leyton, London E1010,000 sq. ft
Local area information
Property location
Nearby amenities
- Barn Croft Primary School 0.4 miles
- Lea Bridge 0.4 miles
- St Saviour's Church of England Primary School 0.5 miles
- St James Street (Walthamstow) 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- 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 and income 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 ground rent. 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 income producing 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 April 2024 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.
The property has been let and income producing 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 April 2024 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.
More information
Listed by
Land Commercial Surveyors
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