Light industrial to let in Forest Business Park. Argall Avenue, Leyton, Leyton, London E10

Non-quoting
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Light industrial to let

10,000 sq. ft*

Property features

  • 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

Property description

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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Land Commercial Surveyors, E18 on +44 20 8115 9734 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Land Commercial Surveyors, and do not constitute property particulars. Please contact Land Commercial Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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