Description
The head lease comprises of a large industrial estate in Leyton with 35 individual long leaseholders and the freehold owned by the London Borough of Waltham Forest. There is no ground rent payable by the leaseholders and the head lease has approximately 88 years left to run.
The head lessee insures and appoints a managing agent for the site. The property is offered for sale on a long leasehold basis and the buying party will need to prove that they have the financial means to satisfy the freeholder's requirements and obligations, so new companies and SPVs will not be successful without guarantees.
**Please note the directors have an interest in this property**
Location
The property is situated in Forest Business Park, off of Argall Avenue, Leyton. Argall Avenue is accessed via Argall Way which in turn joins up to Lea Bridge train station and Lea Bridge Road (A104). Directly off of Lea Bridge Road, Orient Way provides access indirectly to the A12 New Road for which you get in and out of the City and West End, and to the North Circular and M25.
Price / Rent
£125,000
Rates Payable
Not applicable.
Agent Details
Land Office
Land Commercial
info@landcommercial.co.uk
020 8498 8080