Browells Lane, Feltham
B2 Industrial use with 4,944 square feet of space
Great location:
Browells Lane is situated off Feltham High Street (A244) opposite the Leisure West retail and leisure park in Feltham.
Heathrow Airport is approximately 3.6 miles to the north and Central London is approximately 15 miles to the east.
Feltham British Mainline Rail Station is approximately a 10-minute walk from the property.
The A316 provides access to the M3 motorway and wider motorway network.
Key Statistics 2020:
Acquired freehold in April 2018
Valuation; £1,150.000
Value-add from refurbishment; 11%
Unlevered rental yield; 6.5%
Portfolio IRR (Levered); >10%
Let on 5-year Internal Repairing basis to Felicity Interiors, a specialist furniture manufacturer.
Description:
The property comprises a two-storey self-contained industrial premises, with a full single concertina loading door, separate pedestrian entrance, first floor offices. The air-conditioned warehouse includes a substantial gated yard and a separate air-conditioned office suit on the first floor.
What we have done:
Refurbishment included roof repairs, new electrics and LED lighting, double glazed windows, and redecoration of the entire building including the factory floor.
What TENANTS SAY
“We’ve found interactions with Preston and Preston very easy and very helpful (the response to our request for overgrown bushes and foliage at the back of our building to be cut down and cleared was particularly impressive!).”
— Surbiton Glass
“Preston & Preston goes above and beyond to make sure its clients are satisfied; they’re very accessible and accommodating, which is why we look forward to building a long-term relationship with them.”
— Felicity Interiors
“It’s always a pleasure to work with pro-active, commercial and helpful landlords that take good care of their properties and tenants.”