52-56 Standard Road, Park Royal, London, NW10 6EU
£272.48 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
42,756 sq ft
3,972 sq m
- SECTOR
Light industrial facility for sale
Key features
- A prime North West London Commercial Serviced Business Centre investment and development opportunity in the heart of Park Royal
- Excellent road connections with access to the A40 connecting Park Royal to Central London to the east and the M25/M40 interchange to the west
- Serviced Business Centre totalling 42,756 sq ft (3,972 sqm) Gross External Area (GEA)
- Entirely let to Artistic Spaces Limited on fully repairing & insuring terms on a new 15 year leaseback guaranteed by Artistic Spaces Group Limited, with Retail Price Index (RPI) linked rent reviews
- Landlord only option to break on 25/3/2028 and 25/3/2033 subject to 6 months notice, for future development optionality
- Initial leaseback rent of £750,000 per annum, reflecting a reversionary rent of £17.54 per sq ft, with prime industrial rents in Park Royal in excess of £30.00 psf
- Trading with 98.7% passing occupancy with 6yr track record onsite, with no rental arrears from sub-tenants
- Vendor recently installed 84 KWP solar photovoltaic system to the roof, boosting the building’s energy efficiency and ESG credentials
- The site extends to approximately 0.76 acres (0.38 hectares) with a further 0.141 acres (0.057 hectares) available for further development
- Freehold
Description
The subject property comprises a part-one part-two storey quasi office industrial style building of steel portal frame construction under a pitched roof with rear carpark/yard area, in use as a commercial serviced business centre.
The property is currently arranged as 76 self-contained units (unit numbers run from 1 – 83 however including double units and units set aside for management purposes) let out to individual tenants for a range of mixed commercial purposes across general multiple uses including B1/2/8, D2 and A1.
Location
Park Royal is the UK’s premier industrial location, covering 1,800 acres across the London Boroughs of Hammersmith & Fulham, Ealing and Brent.
The subject property is situated on the north side of Standard Road and the west side of Dragor Road. Park Royal is the largest business park in London (comprising approximately 1,200 acres) and one of the country’s leading industrial locations. As such, the immediate area is heavily
commercialised, with industrial uses across a range of workshop, distribution, manufacturing, storage and office uses.
Brochures
52-56 Standard Road, Park Royal, London, NW10 6EU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- North Acton Station0.4 miles
- Harlesden Station0.7 miles
- Acton Main Line Station0.8 miles
About Strettons, London
1-3 Sun Street, London, EC2A 2EP
Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.
For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.
Notes
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