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Eley Business Park, Eley Road, London, N18

Guide Price
£5,500,000

£205.62 per sq ft

Business rates & charges may apply

Gilmartin Ley, London
SIZE AVAILABLE

26,749 sq ft

2,485 sq m

SECTOR

Warehouse for sale

USE CLASSUse class orders: B2 General Industrial

B2

Key features

  • Highly desirable and strategic industrial location
  • Fully let freehold investment for sale
  • Site area: 0.63 Acres
  • Gross internal area: 2,485 sq.m (26,749 sq.ft)
  • Excellent communications via road and rail
  • Meridian Water Station within 800m
  • High specification office accommodation (Unit 2)
  • Adjacent to Mollison Avenue and 500m to A406 North Circular Road
  • Secure private yards to front and rear
  • Load bearing first floor, goods lift and opening for fork-lift loading

Description

This substantial industrial / warehouse property was refurbished in 2015/6 and has loading via two roller shutter loading doors set within the front and rear elevations. Unit 1 incorporates a goods lift, while Unit 2 features an opening in the first floor to provide loading access via fork lift. Part of the first floor of Unit 2 also benefits from a high quality office fit-out.

Our client will consider proposals for the freehold interest subject to a new fully repairing and insuring lease to Forever Enterprises Limited in respect of the property.

The lease on will be for a 9 year term, with rent reviews at three yearly intervals and a mutual (Landlord & Tenant) break option at the expiration of the third year of the term (Landlord to give 12 months notice, Tenant to give 6 months notice). The new lease would exclude the security of tenure provisions afforded by the Landlord & Tenant Act 1954.

Location:
Eley Business Park is situated at the junction between Eley Road and Kynoch Road within the well established Eley Industrial Estate in Edmonton, which forms part of the larger Lea Valley Industrial Area in the primary commercial area of the London Borough of Enfield. Occupiers in the immediate vicinity include Coca Cola, Access Self Storage, Howdens, CEF, Big Yellow Self Storage, Holland Bazaar and TOT Shirts.

The unit has excellent road transport communications being situated off the north side of the North Circular Road (A406) and immediately east of its junction with Meridian Way (A1055). The A1055 extends between Tottenham Hale and the M25 Motorway (Junction 25) via Bullsmoor Lane is approximately 3.5 miles to the north. The M11 Motorway (Junction 4) is accessed via the North Circular Road (A406) approximately 3 miles to the east. Meridian Water Station, which is within 800m of The Estate, provides services (4 minutes journey time) to Tottenham Hale Station with its connections to London Underground (Victoria Line) and the Stansted Express with a travel time of just under one hour to Stansted Airport. London City Airport is approximately 8.5 miles distant.

Brochures

Eley Business Park, Eley Road, London, N18

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Meridian Water Station0.5 miles
  • Edmonton Green Station1.0 miles
  • Northumberland Park Station1.1 miles

About Gilmartin Ley, London

18 Compton Terrace London N1 2UN

Founded in 1979 by Michael Gilmartin, Gilmartin Ley is a family business of chartered surveyors and commercial estate agents based in North London.

At Gilmartin Ley we combine professional property expertise, business acumen and market knowledge in advising our clients on improving, acquiring, selling and renting industrial, commercial and residential development property.

Notes

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