The property is located on the west side of Humber Road, a turning off of the A5 Edgware Road, within the commercial/industrial heart of Cricklewood close to Staples Corner.
Occupiers in the immediate area include Meridian Biosciences, Argos, Homesense, Build Depot, Decathlon, Dreams, Wing Yip Chinese Supermarket and Magnet, as well as a number of other trade counter, wholesalers and commercial operators.
The Brent Cross Cricklewood regeneration programme is situated only a few hundred metres to the east of the property. Construction has begun on this £7 billion major regeneration scheme, which will include 6,700 homes, 3,000,000 sq.ft. of offices, four parks, transport improvements and a 592,000 sq.ft. extension of Brent Cross Shopping Centre.
Road connections are already excellent. The A406 and Junction 1 of the M1 are less than 650 metres to the north.
Existing railway connections are plentiful: Cricklewood (1.36km); Brent Cross Northern Line Underground (1.58km); Hendon (1.68km) and Dollis Hill Jubilee Line Underground (1.79km).
In 2022 the new Thameslink Rail Station - Brent Cross West will open. This is situated 300 metres north-east of the property and will revolutionise public transport in the area by linking to central London (King Cross St Pancras) in 12 minutes, by providing direct rail services to Luton and Gatwick airports, and connections with the wider London transport network.
Site area 4087.3 sq.m. /43995 sq.ft. / 1.01 acres
Within the same family ownership for over 40 years this part vacant, part income-producing 1.01 acre industrial site with significant development potential comprises:
Ionna House, 39 Humber Road
A vacant former industrial commercial laundrette building totalling circa 2,760.59 sq.m (29,715 sq.ft) arranged over ground, first & second floors and occupying a site area of approximately 0.59 acres. The ground floor space provides a variety of intercommunicating warehouse/industrial spaces of varying sizes/shapes and with floor to ceilings heights ranging from 2.30m - 4.71m. Access is via three roller shutter loading doors (from the front and side yard areas). The upper levels comprise a variety of office, workshop/industrial and storage space.
39a Humber Road
A fully let yard of c.0.42 acres, which has been split into 3 separate lettable areas, known as Units 2, 3 & 4.
Units 2 & 3 comprises open storage yard space, with a number of semi-permanent storage buildings and containers. These are occupied by Cricklewood Carriers Cab Company Ltd with a combined passing rent of £30,000 per annum.
Unit 4 is a yard fronting Humber Road, occupied by Easy Limo UK Ltd with a passing rent is £40,000 per annum, which increases to £45,000 per annum from 1st June 2022.
In the north east corner of the site there is an electricity sub station. The 60 year lease from 1959 expired in September 2019 and we understand no rent has been paid for decades.
Freehold for sale subject to vacant possession of part and subject to existing tenancies. Cricklewood Carriers Cab Company Ltd occupies Units 2 & 3 under two uncompleted leases which, had they been completed, would expire in April and September 2022. They are therefore understood to be occupying on the basis of a statutory tenancy which is effectively fully repairing and insuring paying a combined rent of £30,000 pa. Easy Limo UK Ltd occupies Unit 4 under a lease featuring a rent increase to £45,000 with effect from 1st June 2022 and due to expire in May 2024. The passing rent is £40,000 pa. Copies of the uncompleted leases relating to Units 2 & 3 and the lease relating to Unit 4, as well as the expired electricity sub station lease are available to download. The property is elected for VAT.
Rateable value: £149,000
Estimated Rates Payable: £73,457 per annum
Service charge: N/A
Local authority: London Borough of Brent