Blocks 3, 4 and 5, Standard Industrial Estate, Henley Road, Silvertown, London E16 2ES

Freehold South East Industrial/Warehouse Estate

• Silvertown is located within the London Borough of Newham situated equidistant between Woolwich and Docklands and approximately 3 miles from the Olympic Zone of Stratford.
• Standard Industrial Estate is located close to its junction with Henley Road and Factory Road, providing frontage overlooking the Thames and approximately 1 mile from City Airport.
• The area will be significantly enhanced by the contruction of the Crossrail's new Custom House Station, which will provide greater access into London and South East.
• Freehold.
• Industrial Estate providing 22 units and 2 self contained yard areas, together with 3 vacant units.
• 64,829 sq ft (6,023 sq m).
• Let to 21 separate leases and provides a total current income of £432,980 per annum.
• Total ERV of £564,390 per annum based upon rental values of between £9.50 per sq ft - £12.50 per sq ft.
• Medium redevelopment opportunity to convert to residential, subject to obtaining necessary planning consents.
• Capital Value of £90 per sq ft overall.
• Vendor's seeking offers in excess of £5,850,000, subject to contract, which would provide a net initial yield of 7.00% and a reversionary of 9.12% upon letting of the vacant accommodation and assuming our ERVs, after allowing for purchaser's costs of 5.80%.