Property photos
Freehold
Offers over
£11,650,000
(£272.48/sq. ft)
Industrial for sale
52-56 Standard Road, Park Royal, London NW1042,756 sq. ft
Local area information
Property location
Nearby amenities
- North Acton 0.4 miles
- Advance Education 0.6 miles
- London Bunka Yochien School 0.7 miles
- Harlesden 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
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 compounding 5 yearly with collar and cap at 1.5% to 4% 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 Artistic Spaces Limited has a Net Worth of £12.65m & Total Assets of £39.1m. Artistic Spaces Group has Net Assets of £19.2m & Total Assets of £70m. Artistic Spaces have a wider estate of 16 properties, with a combined footprint of over 500,000 sq ft Option to develop a further 13,950 sq ft of workshop studios (gia) on the existing car park, with pre-let to Artistic Spaces on mirror lease terms to the main building. Artistic Spaces have a desire to commit to a rental of £250,000 per annum to forward commit this development, subject to final planning approvals and side agreement
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.
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.
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Strettons. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Strettons for full details and further information.