Unit 9-12, Heron Trading Estate, Alliance Road, Park Royal , W3 0RA

- Strategically located on the southern edge of Park Royal, Europes largest industrial area.- The property is excellently situated off the A40 Western Avenue and the A406 (North Circular Road), providing quick links to Central London and the national motorway network.- The property provides approximately 6,528 sq m (70,269 sq ft) of gross internal accommodation.- Site area of 1.68 acres (0.68 hectares).- Let to Black Island Studios Ltd for a term expiring 28 September 2023 (8.7 years) with a tenant only break option on 23 June 2018 (3.4 years).- Passing rent of 499,850 per annum, providing a low average rental level of 7.82 psf with half rent on the loading areas.- Signififi cant redevelopment opportunity in a prime London location subject to vacant possession and the necessary planning consents.- We have been instructed by our client to seek offers in excess of 5,905,000 (Five Million Nine Hundred and Five Thousand Pounds) subject to contract and exclusive of VAT. This refl ects a net initial yield of 8.00% after deducting purchasers costs of 5.80% and a low capital value of 84 per sq ft.

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