The property comprises a single storey warehouse with ancillary offices, we estimate built towards the end of the 1960s and is of a steel portal frame construction with brick infill walls to approximately 2m over which there is colour coated profile steel cladding.
In addition, ancillary areas include a reception, office, male/female WCs and kitchenette arranged over ground and first floor.
The floors are of a sectional concrete construction and lighting is via translucent panels and fixed overhead sodium units.
The property benefits from multiple steel roller shutter doors opening out onto a large concrete surfaced and drained yard benefiting from high level perimeter fencing and two sets of gates onto Osier Way.
Planning
The site lies within a proposed major redevelopment area, referred to as Leyton Gateway, which is a comprehensive residential-led project, including the adjoining Bywaters and Thames Water sites. Discussions have been ongoing with the Local Authority over the last four years, and a planning application is in the course of preparation by Bywaters, who are the main landowner. Further details are available upon request.
Location
The property is located at the cul-de-sac end of Osier Way accessed directly off Oliver Road (A1006), a continuation of Church Road which leads from Lea Bridge Road (A104) about 1km to the north.
The other end of Oliver Road connects with Eastway (A106) leading to the M11 Link and the A12 East Cross Route, thus providing easy access to the M11, A406 and A13, and to the City and Stratford.
Accommodation
Warehouse 800.82 sq m 8,620 sq ft
1st Floor Offices with Kitchen Area & WC 60.29 sq m 649 sq ft
Reception Office & WC Block 24.34 sq m 262 sq ft
Total 885.45 sq m 9,531 sq ft
The site provides an area of approximately 0.43 hectares (1.09 acres) which represents a site cover of approximately 20%.
Terms
Price Offers invited. The property is held freehold.
The position with regards to VAT is reserved at all times and interested parties are advised to seek independent advice in relation to this matter.
The property is let to Personnel Hygiene Services Limited with effect from 21 August 2013 for a term of ten years at a rental of £XXX per annum exclusive, on a full repairing and insuring basis, but limited to a photographic schedule of condition, and subject to a rent review in the fifth year of the term, 21 August 2018, incorporating a mutual option to break in the fifth year of the term giving six months prior written notice.
Specification
- Rare waste processing use
- Site extending to approximately 0.43 hectares (1.09 acres)
- Let to N1 covenant PHS Limited
- Comprising a single storey warehouse with ancillary offices of 9,531 sq ft (885.45 sq m)
- Held on a lease for a term of ten years from 21 August 2013
- Current passing rental of £XXX per annum reflecting £XXX per sq m (£XXX per sq ft)
- Freehold
- Offers are invited
- The property has the following EPC Rating C70.