court lane industrial estate, iver, buckinghamshire ... - Capita Symonds

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2 Investment Summary Rare opportunity to acquire a multi-let industrial and storage land estate in a strategic location adjacent to M25 and close to Heathrow Airport. Freehold. 14 acres of mostly open storage land with approximately 37,426 sq ft of existing buildings. Currently let to 9 tenants on 12 leases at a passing rent of £1,112,358 per annum including a 1 year rent guarantee. Weighted average unexpired term of 8.7 years to lease expiries. Existing landlord and mutual breaks will enable vacant possession of approximately 3.7 acres by December 2013 for redevelopment. Entire site identified for future redevelopment subject to planning. Identified as potential data centre development site. Offers in excess of £13,200,000 subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 8% and a reversionary yield of 9.10% assuming purchasers costs of 5.7625%. Location Iver is in the south-east corner of South Buckinghamshire close to the borders of the London Borough of Hillingdon and Berkshire. The location is excellent being 17 miles west of Central London, 3 miles west of Uxbridge and 5 miles north east of Slough. Junction 5 of the M4 motorway is less than 4 miles to the south giving access to the M25 at junction 15. Heathrow International Airport is 3 miles to the south east. Regular rail services are available to Central London and the West Country from Iver station. Situation COURT LANE INDUSTRIAL ESTATE, IVER, BUCKINGHAMSHIRE SLO 9HL Court Lane Industrial Estate is situated directly to the east of the M25 and within 0.5 miles of Iver Village. The site is bounded by the Slough Arm of the Grand Union Canal to the north and is highly visible from the M25. Access from Junction 5 of the M4 is via the B470 and Thorney Lane North. Alternatively, access is from either Junction 4 of the M4 or Junction 1 of the M40, and through Uxbridge to Thorney Lane North via the B470. The property is located within the Metropolitan Green Belt and is therefore in an area of limited availability for it’s current uses. Other industrial estates in the immediate area include Ridgeway Trading Estate, Iver and Thorney Lane Business Park. The site benefits from being close to Iver Railway Station, which is scheduled to benefit from Crossrail and in the longer term, may be adjacent to the Heathrow Hub if this project were to become a reality. ylesbury M40 ading M4 M3 A418 Hemel 10 Hempstead A413 A41 IVER 3 Woking M1 16 15 12 A3 Guildford Luton A1(M) 21 M25 A24 9 Cra le 23 M25 LONDON 7/8 M23 27 M11 M25 8 A21 A414 2 A26 M25 M20 M26 A120 A1 A A13 Sevenoak Description Court Lane Industrial Estate is a site regular in shape extending to approximately 14 acres. The property provides over 10 acres of open storage with ancillary buildings mainly let to airport paking and recycling operators. The remaining area comprises industrial units with yards. Court Garages incorporates a workshop, a terrace of units, additional yardage, advertising hoarding and a listed farmhouse. The tenant redeveloped a former stable block to form the terrace of small units and operates the farmhouse as a serviced office centre. Tenure Freehold. IVER
CG Photo taken 2007/8 1 17/18 1a 5/7a 7 8 19 11/12 6 13 15 10 16 Estate Occupiers 1 Multiforce Engineering Ltd 1a Ayto Transport Ltd CG Euromade Management Ltd 5/7a Ontime Specialist Automotive Services Ltd 6 Iver Recycling Ltd 7 Iver Recycling Ltd 8 PA Malik 10 Ontime Specialist Automotive Services Ltd 11/12 Q-Park Ltd 13 Iver Recycling Ltd 15 Vacant 16 Q-Park Ltd 17/18 AFI-Uplift Ltd 19 Vacant COURT LANE INDUSTRIAL ESTATE, IVER, BUCKINGHAMSHIRE SLO 9HL 3
Page 1: M25 COURT LANE INDUSTRIAL ESTATE, I
Page 5 and 6: Court Garages - Schedule of sub-let
Page 7 and 8: Lease demises for identification pu

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