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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 / Distribution
Withdrawn - Last updated: 09 June 2022
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.
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 itself has long been established as one of the major industrial centres in the London area.
Accommodation
Unit 43(B) - 3,391 SQ FT (315.03 SQ M)
Unit 43(B1) - 1,834 SQ FT (170.38 SQ M)
TOTAL - 5,225 SQ FT (485.42 SQ M)
All measurements are approximate and on a gross internal basis (GIA)
Terms
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.
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.
PRICE
Asking Price - £XXX exclusive
(We understand the property has not been elected for VAT)
SERVICE CHARGE
Approx. £XXX per annum
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
Unit 43(B)
- Minimum clear eaves height of 3.26m rising to 5.34m
- Manual roller shutter loading door (w:2.91 x h:2.60)
- Lighting
- 3 phase power & gas
- Gas central heating
- WC
- Ancillary first floor offices
- Shutters to entrance door
- Security grilles to windows
- Kitchenette
- 2 Allocated parking spaces & loading
Unit 43(B1)
- Minimum clear eaves height of 3.26m rising to 5.34m
- Manual roller shutter loading door (w:2.91 x h:2.60)
- Security roller shutter to entrance
- Security bars to first floor windows
- Lighting
- 3 phase power
- Electric heating
- Ancillary first floor offices
- Kitchenette
- WC
- 1 Allocated parking space
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