Argall Ave - Warehouse CONDO FOR SALE


London, LND E10 7FB
$725,000 USD
Argall Ave, London, LND for Sale
$725,000 USD
Warehouse CONDO - FOR SALE
1/2
null | Request Cap Rate

Argall Ave
London, LND E10 7FB


HIGHLIGHTS

  • Long leasehold investment
  • Currently 63 years unexpired with option to extend by a furhter 26 years.
  • Peppercorn ground rent
  • Let and income producing for approximately 20 years

OVERVIEW

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. The site is around 10,000 sqft (not measured). Rates payable £22,418 p.a.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

10,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

126.16 AC

LAND SF

5,495,573 SF

ZONING

-

APN/PARCEL ID

AGL334795,AGL413821,EGL231978,EGL233686,EGL239817,EGL249115,EGL267675,EGL303714

ASK ABOUT THIS PROPERTY

Adam DiamantLand Commercial SurveyorsMore Info

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Adam DiamantLand Commercial SurveyorsMore Info

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