Industrial/office investment for sale

TechnologyTECHNOLOGY HOUSE, House, 215 HIGH 215 STREET, High WEST Street, DRAYTON West UB7 7QP Drayton UB7 7QP 1 Summary • Located in the Greater suburb of with excellent access to the motorways, train station and Airport. • A hybrid industrial/office two storey unit with excellent car parking to front and full height storage to the rear. • The property measures 1,202.1 sq m (12,939 sq ft) GIA. • The property is let in its entirety to CC (Engineering) Limited on a lease expiring on 28th October 2024 at a rent of £192,000 per annum exclusive. • The tenant C.C. (Engineering) Limited (Company Number: 01900317) has a turnover of nearly £22m and a D & B score of 2A2 which has improved since the previous rating.

We are instructed to seek offers in excess of £2.75m, subject to contract and exclusive of VAT for our client’s freehold interest. This reflects a net initial yield of 6.56% after deducting purchaser’s costs of 6.42%.

TECHNOLOGY HOUSE, 215 HIGH STREET, WEST DRAYTON UB7 7QP 2 Location

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Technology House is located in West Drayton, Yiewsley which is in the London Borough of on atfo Airport y Str wa ton in the county of . The M4 motorway is within approx. 1 mile and the d ow oad eet y ell yfor echapel ow es & Harlingt w t enham Court Road erpool Str M25 just 3 miles to the south-west. is a short drive north (4 miles) whilst London s on Main Line y n tt er ct arringdon Heathrow is 2 miles to the south. West Drayton station (0.6 miles distant) is set to be part of Reading Tw MaidenheadTapl Burnham Slough Langle Iv West DraytonHeathr Ha Ha We Ealing Br A Padding Bond Str To F Liv Whit the Elizabeth Line () and is currently under construction. The line will provide fast trains every 5 minutes into during peak times.

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ARKWA Technology UXBRIDGE RO AD A4020 THE P House YIEWSLEY HIGH STREET A408 DA B465 WLEY RO FALLING LANE

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The property is situated just off High Street (A408) and accessed through the Shell petrol Y station forecourt. Technology House sits between a Tesco Superstore and a potential BATH ROAD

A4 ARKWA residential development site owned by Taylor Wimpey where they have submitted a

THE P planning application for the construction of 233 apartments – see Taylor Wimpey website: AD www.taylorwimpey.co.uk/proposed-developments//london/west-drayton/yiewsley Within the area, there are also a number of amenities including Tesco, Aldi, Argos, Currys Heathrow

PC World and Pets at Home. The nearby High Street also provides a number of shops, ANWELL MOOR RO restaurants and cafes/takeaways. ST

TECHNOLOGY HOUSE, 215 HIGH STREET, WEST DRAYTON UB7 7QP 3 Description Tenancy Technology House is a purpose built two-storey business The property is let in its entirety to unit which is believed to have been built in 1996. The C.C. (Engineering) Limited on a lease property is of steel portal frame construction with commencing 29th March 2019 expiring on aluminium and brick cladding. The first floor is made from 28th October 2024 which benefits from cast in situ concrete. a tenant only 3 year break clause subject to 12 months rolling notice provision. The ground floor is arranged as offices, meeting rooms, The current rent is £192,000 per annum kitchen and toilets and generally benefits from comfort exclusive. There is a schedule of condition. cooling, fluorescent lighting, carpeting and datapoints within the office areas. The remainder of the ground floor is used as storage, offices, and server room as well as male Covenant and female WCs. The rear portion of the unit is a full height storage area, which is part racked, and has an eaves height of 5.57m. Double doors to the front of the property allow loading/ unloading.

The first floor is predominantly used as office accommodation which in the main is open plan. In addition, The tenant C.C. (Engineering) Limited there is a small kitchen, staff amenity area, reception (Company Number: 01900317) has a and WC. turnover of nearly £22m and a D & B To front of the unit, there are 22 designated parking spaces. score of 2A2 which has improved since the 217 215 previous rating. Accommodation Tenure The property was measured in accordance with the RICS Code of Measuring Practice (6th Edition). Freehold.

Floor Use sq m sq ft EPC Rating C–66. Ground floor Office/ storage 549.8 5,918

Ground floor Full height storage 100.1 1,077 VAT The property is elected for VAT . However First floor Office 552.2 5,944 it is anticipated that the sale of the site will be treated as a Transfer of a Going Concern TOTAL (GIA) 1,202.1 12,939 (TOGC).

Indicative plan only

TECHNOLOGY HOUSE, 215 HIGH STREET, WEST DRAYTON UB7 7QP 4 Proposal

We are instructed to seek offers in excess of £2.75m, subject to contract and exclusive of VAT for our client’s freehold interest. This reflects a net initial yield of 6.56% after deducting purchaser’s costs of 6.42%.

Dataroom A dataroom is available. For access, please contact [email protected]

Contacts Richard Dawtrey [email protected] 07881 588526 Richard Goodall [email protected] 07971 278385

MISREPRESENTATIONTECHNOLOGY HOUSE, ACT 215 1967: HIGH The STREET, particulars WEST are believed DRAYTON to be UB7 correct, 7QP but accuracy cannot be guaranteed and they are expressly excluded from any contract. November 2020 5