All three units comprise two storey business units fitted to a very high standard with storage to the ground floor and high specification offices to the first floor in Units 2 & 7 and a reception and large staff break-out area on the ground floor with further offices to the first floor in Unit 1. There are a total of 13 car parking spaces and 3 loading bays included as part of the sale.
Location
The units are prominently located within the well managed Belvue Business Centre, situated on the Belvue Road which is connected to the Mandeville Road A312 which has direct links onto the A40 Western Ave leading into Central London and Uxbridge and also in close proximity is the M25 and wider motorway network. The business centre is also in close proximity to Northolt Underground station service by the Central Line, leading into Central London and the wider underground network.
Accommodation
Unit 1 - Ground Floor 1,690 Sq Ft
Unit 1 - First Floor 1,640 Sq Ft
Unit 1 - Total 3,330 Sq Ft (309.37 Sq M)
Unit 2 - Ground Floor 1,702 Sq Ft
Unit 2 - First Floor 1,663 Sq Ft
Unit 2 - Total 3,365 Sq Ft (312.62 Sq M)
Unit 7 - Ground Floor 1,655 Sq Ft
Unit 7 - First Floor 1,616 Sq Ft
Unit 7 - Total 3,271 Sq Ft (303.89 Sq M)
COMBINED TOTAL - 9,966 Sq Ft (925.87 Sq M)
All measurements are based on an approximate gross internal area
Terms
TENURE & TENANCY
Freehold sale with PEL Services Ltd to take a new 5 year full repairing and insuring lease, at a rent of £120,000 pa exclusive, from the date of completion which is to be contracted outside the provisions of the 1954 Landlord & Tenant Act (part II as amended) subject to a photographic schedule of condition and a three month rent deposit.
COVENANT
For the year ended 30 June 2016 (18 month year), PEL Services Ltd, reported a turnover of £9m with a pre-tax profit of £120,000 and shareholders funds of £1.8m (Source: PEL Services Ltd)
PRICING
We are instructed to seek offers in the region of £1,900,000 (One Million Nine Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 5.94%, assuming purchaser’s costs of 6.25%.
VAT
VAT will be payable but subject to meeting the necessary criteria, the sale may be treated as a transfer of a going concern (TOGC).
LEGAL COSTS
Each party to bear their own legal fees.
VIEWING
Strictly by appointment with sole agents.
Specification
Warehouse
- 3m clear eaves height
- Concrete floor
- Lighting
- Loading doors
- Loading bays
- 13 car parking spaces
- 3 phase power and gas
High Specification Offices
- Fully carpeted
- Suspended ceiling with LED lighting
- Air conditioned throughout
- Gas fired central heating in Units 1 & 2)
- Cat 5 cabling throughout
- Large kitchen and staff break-out area
- Male and female WCs
- Monitored security alarms
- Fire alarms and emergency lighting
- Intercom entry systems