The property comprises a terrace of five units of 6,500 sq ft each, and a larger unit of 26,240 sq ft with two secured yards. The terraced units are of steel frame construction with over-clad elevations and ancillary offices at ground and first floor level plus a larger, slightly older, standalone unit.
The specification of the terraced units (Units 1-5) includes:
• Minimum eaves height of 5m (16 ft)
• Electric roller-shutter door of 4.9m in height
• All mains services – 3 phase power, gas and water
• Forecourt with space for 4 cars • Offices at ground and first floor with perimeter trunking and suspended ceilingsr.
( Agency Pilot Software ref: 12725 )
Location
Key location for London-centric occupiers, located 2 miles to the north east of Canary Wharf, 3 miles south of Stratford and 4.5 miles east of the City of London
. Access to the A13 (0.5 miles), the A12/A201 Blackwall Tunnel Northern Approach (1.4 miles), the A406 North Circular Road (3.5 miles) and the M25 via the M11 (13.1 miles).
Star Lane DLR station is adjacent to the property and Canning Town, Bromley-by-Bow and West Ham London Underground Stations are all within 1 mile. Crossrail (Elizabeth Line) station at Stratford provides direct links to the Tottenham Court Road (13 minutes) and Heathrow T2/T3 (44 minutes). London City Airport is situated about 3 miles to the south east.
Accommodation
Site area of 2.742 acres (1.11 hectares) providing a site cover of 48%.
Terms
TENURE The property is held freehold.
COVENANT INFORMATION Europa Trade Park has a very strong tenant line-up. 100% of the income secured against covenants with Dun & Bradstreet credit ratings representing either ‘low risk’ or ‘minimal risk’ of business failure. GAP Group Limited Established in 1969, GAP Hire Solutions is the UK’s largest independent equipment rental company, hiring out an extensive range of equipment to industries including construction, utilities, civil engineering and events. The company operates from over 140 locations and employs more than 1,800 employees throughout the UK
REDEVELOPMENT POTENTIAL Longer term potential redevelopment of the site may be possible subject to planning consent to increase the building density by reconfiguring the layout of Units 6/7 to make better use of that part of the site. The site occupied by units 6/7 was granted planning consent for 41,856 sf (3,890 m2 ) GEA for B1(b), (c), B2 and B8 uses in 2018 subject to a s.106 agreement.
VAT The property is elected for VAT and VAT will be payable on the purchase price. The sale will be treated as a Transfer of a Going Concern (TOGC).