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Units 43(B) & 43(B1), Cumberland Business Park, 17 Cumberland Avenue, Park Royal, NW10 7RT
5,225 Sq Ft / Industrial / Warehouse
Withdrawn - Last updated: 25 March 2023
Summary
The premises comprise a mid and end of terrace industrial / warehouse units. Both warehouse areas are of a clear open plan configuration with ancillary office accommodation situated on the first floor. Access to the warehouse is available via the roller shutter loading doors with parking spaces to the front elevation of the units.
Key Points
Producing an income of £XXX per annumAncillary First Floor OfficesMinimum Clear Eaves Height of 3.26m rising to 5.34mDirect Access to A40 Western Ave
Tenancy
A full repairing and insuring lease for Unit 43(B1) to Green Store (London) Ltd (Company No: 11768531) for a term of 5 years from the 30th August 2020 with a mutual break clause on the 3rd anniversary, at an annual rental of £XXX (£XXX per sq ft) with a fixed 10% rental uplift if the break clause is not exercised. The lease is contracted outside the provisions of the 1954 Landlord & Tenant Act Part II as amended.
Covenant Profile
Green Store (London) Ltd (Company No: 11768531) is a trade counter for air conditioning and plumbing equipment. The company was incorporated in Jan 2019.
Tenure
Freehold – Single Title registered at Land Registry under Title No: NGL657615
Unit 43(B) – Offered with full vacant possession
Unit 43(B1) - Let to Green Store (London) Ltd.
VAT
We understand the property has not been elected for VAT.
Location
Cumberland Business Park is situated off Cumberland Avenue which provides easy access to the A406 North Circular road and the A40. The A40 provides direct access to Central London to the East and the M40 and M25 motorway networks to the West. Park Royal is considered an extremely established industrial location with a high number of skilled workers within the area.
Park Royal is Europe’s largest industrial district and one of London’s most strategic business locations covering 1,200 acres of land across the boroughs of Ealing, Brent & Hammersmith & Fulham. Park Royal is home major occupiers including DHL, John Lewis, Carphone Warehouse and McVities to name but a few.
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