For Sale
Southall – West London Multi Let Industrial Investment Opportunity
Southall Enterprise Centre, Bridge Road, Southall, UB2 4AE
Offers in excess of £14,750,000
- Property Type:
- Commercial
- Sub Type:
- Industrial
- Tenure:
- Freehold
- Net Initial Yield:
- 4.37%
Description
- Revisionary West London multi let industrial investment opportunity.
- Southall is experiencing significant regeneration and investment in anticipation of Crossrail opening.
- Southall Enterprise Centre is located just 2 miles from Junction 3 of the M4 and 5 miles from Junction 15 of the M25.
- Prominent site fronting Bridge Road.
- The property comprises 25 units extending to a GIA of 25,970 sq ft (2,412.7 sq m).
- Multi let to 19 tenants on monthly licenses with an exceptional occupancy rate of 95% over the last 5 years.
- The property is generating a passing rent of £687,800 p.a. reflecting a low average rent of £24.04 psf.
- Freehold.
- The site extends to 1.49 acres (0.6 hectares) providing a site cover of 50%.
- Opportunity to add substantial value by implementing formalised leases, enhancing the rent roll, refurbish and extend the units as well as long term alternative use potential (STP).