Unit 7 Oliver Business Park, Oliver Road, Park Royal, NW10 7JB

The premises comprise of a modern mid-terraced two storey warehouse facility which benefits from fully fitted first floor offices and secured ground floor warehouse space. 45 dedicated car parking spaces are available to the front of the unit with the benefit of further communal car parking available on the business park.

Location

The property is situated on the modern Oliver Business Park which is located in the heart of Park Royal, benefiting from excellent access to the A406 North Circular Road and thereafter M1 to the north of Hanger Lane to the west and thereafter the A40, M40, M25 and the wider motorway network.

Accommodation

Ground Floor Warehouse - 1,240 Sq Ft (115.20 Sq M)
First Floor Offices - 1,240 Sq Ft (115.20 Sq M)
TOTAL - 2,480 Sq Ft (230.40 Sq M)

All measurements are based on an approximate gross internal area

Terms

TENURE
 Freehold with the benefit of a tenancy as detailed below. 
 
TENANCY
The sale will be subject to a lease granted to Focus Building Solutions Ltd for a term of 5 years from 14th December 2015 expiring 13th December 2020 at a passing rent of £30,000 per annum (£12.10 per sq ft). The lease has been contracted outside the provisions of the 1954 Landlord & Tenant Act (Part II as amended).
 
PRICING
Freehold Price £650,000 The property has been elected for VAT. The purchase could potentially be treated as a TOGC subject to both parties’ agreement and approval.
 
ESTIMATED RENTAL VALUE (ERV)
£15 - £20 per sq ft 
 
BUSINESS RATES
Interested parties are advised to contact the London Borough of Brent to obtain this figure.
 
LEGAL COSTS
Each party to bear their own legal costs.

Specification

• Concrete floor
• Sodium lighting
• Roller shutter door
• Security shutters to ground floor door and shutter
• Security bars to windows
• 3 phase power
• Warehouse minimum eaves height of 3.8m
• Fully fitted first floor offices with suspended ceiling, recessed lighting and gas central heating
• Kitchenette
• 4-5 car parking spaces
• External CCTV
• Door entry system (not tested)
• Intruder alarm (not tested)
• Fire alarm (not tested)
• Estate CCTV
• Security gates to estate