Summary - UNIT 1 TO 2, 8, ELEY ROAD N18 3AT
1 bed 1 bath Warehouse
Secure income asset with strong transport links and heavy-duty loading.
Immediate rent: £375,000 pa
A rare, large-scale freehold industrial opportunity in Eley Business Park offered as a sale-and-leaseback. The asset delivers immediate income at an initial rent of £375,000 per annum and occupies a very large 0.63-acre site with secure front and rear yards and substantial loading provision.
The building was refurbished in 2015/16 and benefits from goods lift, fork-lift loading opening, two roller shutter doors and high-spec first-floor offices in Unit 2 — practical features for logistics, distribution or light manufacturing operators. Excellent road and rail links, including Meridian Water station within 800m and quick access to the A406, strengthen operational access.
Important investor considerations: the sale is conditional on granting a new 9-year fully repairing and insuring lease (rent reviews every three years) to Forever Enterprises Limited, with a mutual break option at year three. The new lease will exclude security of tenure under the Landlord & Tenant Act 1954. There are only nine years remaining on the contractual lease term, which may make some mortgage lenders unwilling to finance purchasers.
Location and market context are mixed: the site sits in a busy industrial cluster with national occupiers nearby, supporting tenant demand. However, the surrounding area records high crime levels, very slow broadband speeds and medium flood risk — all factors to weigh in operational or occupational due diligence.
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