Set Star, Brentford (2 units)

B2 Industrial use with 800 and 2,634 square feet of space

 

Great location:

  • The Set Star Estate is situated on Transport Avenue, directly off the Great West Road (A4), in Brentford, just off the heart of the section known as the “Golden Mile”.

  • The premises are approximately 7.5 miles from Central London and 7.5 miles from Heathrow airport. Brentford town centre is approximately half a mile distance.

  • Brentford British Rail Station is less than 20 minutes’ walk from the subject property. Boston Manor underground station (Piccadilly Line) is the nearest London underground station, which is approximately 5 minutes’ drive from the property.

 

Key Statistics 2020:

  • Acquired freeholds in April 2017 and November 2018

  • Valuation; £700,000 and £350,000

  • Value-add from refurbishment; 13%

  • Unlevered rental yields; 6.5% and 5%

  • Portfolio IRR (Levered); >10%

  • Respectively let on 10-year Internal Repairing basis to Disaster Care Capital (a disaster recovery specialist) and on a 3-year Internal Repairing basis to hospitality tenant

Description:

The properties comprise two mid-terraced, self-contained, warehousing / business units of steel portal construction with brick elevations, accessed from a private service road.

What we have done:

Refurbishment included asbestos removal, new insulated roof to meet modern insulation values, new shutter doors, new windows, LED lighting and re-decoration.

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What TENANTS SAY

“Integrity, honesty and professionalism is what gives us confidence to work with Preston & Preston.”

— 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.”

— Getir

“Our communications with Preston and Preston have been really very satisfactory, and it’s been a real breath of fresh air compared to everything we’ve experienced in our previous premises.”

— Surbiton Glass