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Prime Urban Redevelopment Opportunity, Dyson Road, Edmonton, N17 0DX

2.31 acres / Land / Investment

For Sale

Available - Last updated: 19 March 2020

Freehold 2.31 acre site.

Accessed via Dyson Road.

Site allocated as Strategic Industrial Land (SIL).

Representations have been made to the North London Waste Plan to remove the waste allocation. Further Information is available on the data room.

Positive response received from the local authority for redevelopment for employment uses.

Location

Positioned at the edge of the Meridian Water masterplan area, the site is very well located for access to the regeneration area, including the newly opened Meridian Wate Station.

The site is ideally located for access to Central and Greater London via the North Circular Road (A406) and A1055 and A10.

The site is easily accessed via public transport via Meridian Water Station situated 0.4 miles to the North East. Meridian Water provides direct trains into Stratford every 20-30 minutes with a journey time of 15 minutes. There are plans to increase the service to provide trains every 15 minutes.

Accommodation

2.31 acre site

Terms

Structure - The opportunity is being offered on a freehold sale with a short term tenancy generating £375,000 per annum. Uncoditional offers are invited, subject to contract.

VAT - The property has been elected for VAT purposes.

Open Days - Viewing days to be arranged in December 2019. Please register your interest to make sure are notified once the dates are arranged.

Target Bid Date - Bids are likely to be called on the week commencing 20th January.

Occupational Maket - Please view attached brochure for a more detailed view.

Tenancy

The site is currently let on to Quality Park X Limited on a 5 year lease at a rent of £375,000 per annum.

The lease is contracted out of the provisions of the Landlord and Tenant Act 1954 (Part II) as amended.

There are mutual options to determine the lease. Please view attached brochure for a more detailed view..

Investment Market

The industrial sector remains on of the most attractive asset classes out of all commercial property sectors. Ongoing robust occupier market conditions are delivering real rental growth, which in turn are driving "sector-leading" investment returns forecast to outperform other sectors over the medium term.

The ability to capture headline growth and enhance value upon lease renewal or re-letting has continued to put downward pressure on yields.

A number of comparable investment transactions can be viewed within the attached brochure.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Invited For Sale Freehold NA NA

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Contact agents

Jake Huntley

Dowley Turner Real Estate

020 3151 9522

Richard Harman

Dowley Turner Real Estate

020 3151 3590

Tom Sarjant

Dowley Turner Real Estate

020 3151 4277



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