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Industrial Investments for Sale
Belvue Business Centre, Belvue Road, Northolt, UB5
3,300 sf
Industrial Investments for Sale
Belvue Business Centre, Belvue Road, Northolt, UB5
A business unit comprising of part warehouse and part office accommodation, constructed of steel portal frame, the building has been coated with profile metal cladding under a pitched roof. The open plan ground floor warehouse can be accessed via a shutter door, with ancillary storage / office accommodation located to the first floor. To the exterior, the building has dedicated parking and loading areas.
Tenure
Freehold subject to a lease to Century Ceramics PVT Ltd (Company Reg No: 15342432).
Tenancy
The sale will be subject to a lease granted to Century Ceramics PVT Ltd (Company Reg No: 15342432) for a term of 5 years from 12th April 2024 expiring 11th April 2029 at a passing rent of £42,000 per annum (£12.72 per sq ft) in Years 1 and 2, rising to £45,000 per annum (£13.63 psf) for the remaining years. The lease has been contracted outside the provisions of the 1954 Landlord & Tenant Act (Part II as amended) and is a Full Repairing and Insuring Lease.
The Landlord holds a three month rent deposit and a personal lease guarantor. The tenant is currently in arrears.
Covenant Profile
Century Ceramics PVT Ltd (Company Reg No: 15342432) are a wholesaler of tiles and were incorporated on 11th December 2023.
Proposal
We are instructed to seek offers in the region of £995,000 (Nine Hundred & Ninety Five Thousand Pounds), subject to contract and exclusive of VAT. Based on the headline rent, this reflects a net initial yield of 4.28% after allowing for purchaser's costs of 5.74%.
VAT
The property has been elected for VAT purposes and it is anticipated that the sale will be treated as a transfer of a going concern (TOGC), subject to applicable tax rules.
Location
The property is located within Belvue Business Centre situated on the Belvue Road which is connected to the Mandeville Road A312 which has direct links onto the A40 leading into Central London and Uxbridge and also in close proximity is the M25 motorway network. Belvue Business Centre is also in close proximity to Northolt Underground station which is on the Central Line, leading into Central London and the wider underground network.Amenities
Income producing investment of £42,000 pa rising to £45,000 paAllocated car parking
Roller shutter door
Loading bay
3 Phase power
2x WC's
First floor storage / office accommodation
Walking distance to Northolt Underground Station (Central Line)
Close proximity to A40
Related links
Investment property for SaleInvestment property for Sale in NortholtTelsar Ltd
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