Units 1-10 Aerodrome Way Industrial Estate Heathrow
A WELL ESTABLISHED GREATER LONDON MULTI-LET INDUSTRIAL ESTATE AERODROME WAY INDUSTRIAL ESTATE UNITS 1-10 HEATHROW CRANFORD LANE • HESTON • TW5 9QB INVESTMENT SUMMARY PROPOSAL • A well established Greater London multi- • Freehold. • Two fully refurbished vacant units offered let industrial estate located north-east of with 18-month rent, rates and service charge We are instructed to seek offers in • Let to seven tenants providing attractive Heathrow Airport. guarantees. excess of £14,750,000 (Fourteen income diversity, with no tenant accounting Million, Seven Hundred and Fifty • Aerodrome Way Industrial Estate is well for more than 23% of the rent. • Strong occupational dynamics in the Heathrow Thousand Pounds) subject to positioned 1.4 miles to Junction 3 of the M4, and West London industrial market, with high • Total passing rent of £825,184 per annum contract and exclusive of VAT. A providing excellent access to Central London demand and low supply driving rental growth. (£10.48 per sq ft) including guarantees on purchase at this level would reflect and the national motorway network. Units 1 & 2. • The estate offers value accretive asset a Net Initial Yield of 5.25% and • The estate comprises 78,760 sq ft (7,317 sq management opportunities for a potential • Attractive WAULT of 5.82 years to expiries and a capital value of £187 per sq ft, m), arranged as two terraces with nine units purchaser through the letting of Units 1 & 2, 5.53 years to breaks. assuming purchaser’s costs of 6.73%. ranging from 2,789 sq ft (259.1 sq m) to 12,511 and a medium term refurbishment across sq ft (1,162 sq m), and a stand alone unit of the estate.
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