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Industrial Investments, Railway Arch for Sale
Adrian Avenue, Hendon, London, NW2
SOLD 61,074 sf
Industrial Investments, Railway Arch for Sale
Adrian Avenue, Hendon, London, NW2
SOLD
Comprises 6 adjoining railway arches which benefit from front and rear loading together with the large yard area, prominently overlooking Staples Corner roundabout and the entrance to Junction 1 of the M1 motorway. The site benefits from a large Insite Illuminated Advertising Sign Board. There is also a further large, dilapidated advertising hoarding that is prominently located providing prominence to the M1 Motorway and the North Circular Road. The entire property is let to various tenants producing a total income of £238,500 pax.
Tenancies
All Leases are granted outside of the Landlord and Tenant Act 1954 except for Arches 3 and 5 which are within the security of the Landlord and Tenant Act 1954
ARCH 1 & 2
Let to M. Schembri on a FR&I Lease for a term of Years From 24/06/2013
without further rent review
at a rent of £45,000 pax
ARCH 3
Let to Wembley Windows (SC) FR&I Lease for a term of 15 years to expire 9/12/2028 without further rent
review at a rent of £23,000 pax
ARCH 4
Let to MH Costa Construction Ltd FR&I Lease for a term of years to expire 24/06/2028 without further rent review at a rent of £18,500 pax
ARCH 5
Let to G Agyeton, FR&I Lease for a term of 15 years from 08/07/2009 The Lease has expired so the tenants
are holding over at a rent of £19,500 pax
ARCH 6
Let to Technosport London Ltd FR&I Lease for a term of 15 years from
24/06/2013 without further rent review at a rent of £17,500 pax
YARD AREA
Let to A. Hamdo FR&I Lease for a term of 15 years from 24/06/2013 without further rent review at a rent of £60,000 pax
Advertising
LET to Insite (Wildstone) for a term of 12 years from Illuminated 1/08/2015 without further rent review at a rent of Sign £55,000 pax
Highly Prominent Land and Arches
Ideal For Development
Location
The site is located in a highly prominent location on Adrian Avenue which overlooks Staples Corner Roundabout, the North Circular Road (A406) and Junction 1 entrance to the M1 motorway. Excellent access to Edgware Road (A5) Brent Cross flyover which joins the Hendon Way (A41) Brent Cross Shopping Centre is a few minutes walk. The area is undergoing complete regeneration with many newly built residential flats together with new commercial and retail spaces, improved schools and health care facilities. The newly built Brent Cross West Station is within a few minutes walk.Amenities
Rental Income £238,500 paFreehold Industrial Investment
Highly Prominent
Income Producing