LOCATION
The site is located in a highly prominent location on Adrian Avenue which immediately overlooks Staples Corner Roundabout, the North Circular Road (A406) and Junction 1 entrance to the M1 motorway. Excellent access to Edgware Road (A5) Brent Cross flyover which immediately joins the Hendon Way (A41) Brent Cross Shopping Centre is a few minutes walk away. The area is undergoing complete regeneration with many newly built residential blocks of flats together with new commercial and retail spaces, improved schools and health care facilities. The newly built Brent Cross West Station is within a few minutes walk and provides direct rail services to Luton Airport and connects with the wider London Transport Network.

 

DESCRIPTION
Comprises 6 adjoining railway arches which benefit from front and rear loading together with the large yard area, prominently over looking Staples Corner roundabout and the entrance to Junction 1 of the M1 motorway. The site benefits from a large Insite Illuminated Advertising Sign Board.

 

All Dimensions are Approximate

Railway Arches                                                        21,140 sqft (1,964 sqm)
Yard Area                                                                   39,934 sqft (3,710 sqm)
TOTAL OVERALL AREA                                             61,074 sqft (5,674 sqm)

Tenancies All Leases are granted outside of the Landlord and
Tenant Act 1954

 

ARCH 1 & 2

Let to M. Schembri on a FR&I Lease for a term of 15
Years From 24/06/2013 without further rent review
at a rent of £45,000 pax

 

ARCH 3

Let to Wembley Windows (SC) FR&I Lease for a term
of 15 years to expire 9/12/2028 without further rent
review at a rent of £23,000 pax

 

ARCH 4

Let to MH Costa Construction Ltd FR&I Lease for a term
of years to expire 24/06/2028 without further rent
review at a rent of £18,500 pax

 

ARCH 5

Let to G Agyeton, FR&I Lease for a term of 15 years
from 08/07/2009 The Lease has expired so the tenants
are holding over at a rent of £19,500 pax

 

ARCH 6

Let to Technosport London Ltd FR&I Lease for a term of
15 years from 24/06/2013 without further rent review
at a rent of £17,500 pax

 

YARD AREA

Let to A. Hamdo FR&I Lease for a term of 15 years from
24/06/2013 without further rent review at a rent of
£60,000 pax

 

Advertising             LET to Insite (Wildstone) for a term of 12 years from
Illuminated             1/08/2015 without further rent review at a rent of
Sign                           £60,000 pax

 

TOTAL INCOME = £238,500 pax

TENURE                  Freehold

PRICE:                     £6,750,000 with the benefit of the tenancies and income

 

SUBJECT TO CONTRACT

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT

Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: October 2024.