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Property details
Map & nearby

Light industrial for sale in Forest Business Park. Argall Avenue, Leyton, Leyton, London

Investment

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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

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.