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Freehold Industrial Investment

Greater London, W10 - Get Access

Description

Freehold industrial/office investment with development potential. Located close to Westfield London, the A40 (Westway) and White City (Central Line). The property is let to City Relay Limited at £80,000 per annum until 2028, with a break option in August 2026 that was not exercised. The lease excludes Sections 24 to 28 of the LTA 1954. The property comprises 4,562 sq ft with car parking. VAT is not applicable. The property is accessed directly from Latimer Road, leading to a central hall with an open-plan studio/office/workshop to the left and 3 WCs to the right on the ground floor. The rear features a double-height reception/break-out area and kitchen, with a meeting room off this space. A spiral staircase leads to a half-floor mezzanine level with two glazed fronted offices, one with a private office. Two WCs, one with a shower, serve the upper floor. There is a fire exit to the rear. The exterior ground floor windows and doors are secured by remote-controlled roller shutters, and there is a secure hard-standing area to the right. The property is in good order, currently fitted with racking on the ground floor. Floor areas: Ground Floor: 234.30 sqm (2,522 sq ft), First Floor: 189.52 sqm (2,040 sq ft), Total: 423.82 sqm (4,562 sq ft). The premises are situated on the westerly side of Latimer Road in a parade of light industrial units known as Latimer Industrial Estate, adjacent to the junction with Latimer Place. Public transport is available on Bramley Road, near Latimer Tube Station (Hammersmith & City line & buses). White City is located 0.5 miles south and Shepherds Bush within 1 mile to the south. Planning permission has been granted to develop Unit 10 and permission to develop Unit 9 is in the final stages of the planning process. Viewing is strictly by appointment.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 4,236 sq ft (Floor plan)

The property is valued using a combination of the investment method, considering the rental income and lease terms, and the development potential, given the granted planning permission for adjacent units.

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