Crown Works ( A110) Southbury Road, Enfield EN1 1UD
Freehold Investment Industrial Warehouse Unit
Property type General Industrial/Motor Trade (B2)
Size 34,213 sqft
Tenure Investment
Terms
Features
  • Total site area 1.16 Acres Approx
  • Redevelopment Potential subject to planning.
  • Income producing currently £198,000 pax
  • Lease expiry 30th April 2022 (potential earlier vacant possession).
  • Lease expiry 30th April 2022 (potential earlier vacant possession).
About this property

Description
The property comprises industrial/workshop space presently used for vehicle/lorry repairs, painting and storage. The main building was constructed in 1967 and the west building in 1977. The present layout offers mainly clear span workshop space with sections created for spray paint booths and vehicle working areas. There is a mezzanine storage area towards the western end whilst the 2 storey offices are at the eastern end.

Location
The premises are set back to the North side of Southbury Road (A110) behind AJ Cars and Formula One Autocentre in between its junctions with Crown Road and Baird Road being some 0.3 miles east of its junction with Gt. Cambridge Road (A10) which connects with Jct 25, M25 2.5 miles to the north and A406 North Circular Road, 3 miles to the South. There are a number of retail outlets close by including Sainsbury’s and Enfield Retail Park, Southbury Overground Station is in walking distance serving Liverpool Street and bus routes immediately available.

Terms
The property is let to Hunter Vehicles Ltd on a FRI lease for a term expiring 30th April 2022 at a passing rent of £198,000 pax

Business Rates
Rateable value 2020/2021 £125,000
Rates payable £ 64,000

Interested parties should confirm the rateable value and rates payable with the Local Charging Authority.

Legal Costs
Each party will be responsible for their own legal costs incurred.

Guide Price
£4M SUBJECT TO CONTRACT

CONTACT US

Ian Harding

M: 07956 374326

T: 01438 816396

Additional property information

View Brochure (PDF) > View EPC >