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Units 43(B) & 43(B1), Cumberland Business Park, 17 Cumberland Avenue, Park Royal, NW10 7RT

  • Industrial / Warehouse
  • 5,225 sq ft
  • For Sale
Units 43(B) & 43(B1), Cumberland Business Park, Park Royal, Industrial / Warehouse For Sale - 1  Outlined 1.jpg
Units 43(B) & 43(B1), Cumberland Business Park, Park Royal, Industrial / Warehouse For Sale - IMG_9236.JPG
Units 43(B) & 43(B1), Cumberland Business Park, Park Royal, Industrial / Warehouse For Sale - IMG_9239.JPG
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Units 43(B) & 43(B1), Cumberland Business Park, Park Royal, Industrial / Warehouse For Sale - 6.JPG
Under Offer
Property Type Industrial / Warehouse
Tenure For Sale
Size 5,225 sq ft
Price £1,500,000
Business Rates Interested parties are advised to contact the London Borough of Brent to obtain this figure
Service Charge Approx. £3,240 per annum
Energy Performance Rating Upon enquiry

Industrial / Warehouse Units With Potential To Extend (STPP)

Key Features

  • Producing an income of £27,000 per annum
  • Ancillary First Floor Offices
  • Minimum Clear Eaves Height of 3.26m rising to 5.34m
  • Direct Access to A40 Western Ave

Location

Cumberland Business Park is situated off Cumberland Avenue which provides easy access to the A406 North Circular road and the A40. The A40 provides direct access to Central London to the East and the M40 and M25 motorway networks to the West. Park Royal is considered an extremely established industrial location with a high number of skilled workers within the area.

Park Royal is Europe’s largest industrial district and one of London’s most strategic business locations covering 1,200 acres of land across the boroughs of Ealing, Brent & Hammersmith & Fulham. Park Royal is home major occupiers including DHL, John Lewis, Carphone Warehouse and McVities to name but a few.

Description

The premises comprise a mid and end of terrace industrial / warehouse units. Both warehouse areas are of a clear open plan configuration with ancillary office accommodation situated on the first floor. Access to the warehouse is available via the roller shutter loading doors with parking spaces to the front elevation of the units.

Available area

All measurements are approximate and measured on a gross internal area basis.

Name Sq ft Sq m
Unit - 43(B) 3,391 315.03
Unit - 43(B1) 1,834 170.38
Total 5,225 485.41

Specifications

Unit 43(B):
•Minimum clear eaves height of 3.26m rising to 5.34m
•Manual roller shutter loading door (w:2.91 x h:2.60)
•Lighting
•3 phase power & gas
•Gas central heating
•WC
•Ancillary first floor offices
•Shutters to entrance door
•Security grilles to windows
•Kitchenette
•2 Allocated parking spaces & loading

Unit 43(B1):
•Minimum clear eaves height of 3.26m rising to 5.34m
•Manual roller shutter loading door (w:2.91 x h:2.60)
•Security roller shutter to entrance
•Security bars to first floor windows
•Lighting
•3 phase power
•Electric heating
•Ancillary first floor offices
•Kitchenette
•WC
•1 Allocated parking space

Tenancy

A full repairing and insuring lease for Unit 43(B1) to Green Store (London) Ltd (Company No: 11768531) for a term of 5 years from the 30th August 2020 with a mutual break clause on the 3rd anniversary, at an annual rental of £27,000 (£14.72 per sq ft) with a fixed 10% rental uplift if the break clause is not exercised. The lease is contracted outside the provisions of the 1954 Landlord & Tenant Act Part II as amended.

Covenant Profile

Green Store (London) Ltd (Company No: 11768531) is a trade counter for air conditioning and plumbing equipment. The company was incorporated in Jan 2019.

Tenure

Freehold – Single Title registered at Land Registry under Title No: NGL657615

Unit 43(B) – Offered with full vacant possession
Unit 43(B1) - Let to Green Store (London) Ltd.

VAT

We understand the property has not been elected for VAT.