Unit 3, Set Star Brentford TW8

 

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.

 

B2 Industrial use with 2,634 square feet of space

Description:

The property comprises a mid-terraced, self-contained, warehousing / business unit of steel portal construction with brick elevations, accessed from a private service road.

What we have done:

Acquired freehold in April 2017.

Refurbishment included asbestos removal, new insulated roof to meet modern u values, new roller shutter door, new windows, LED lighting and full re-decoration.

Key Statistics 2019:

  • Valuation; £700,000

  • Initial return on ‘value add’ 13%

  • Rental Yield, unlevered, 6.5%

  • Let on 10-year Internal Repairing basis to disaster recovery tenant.

Investment breakdown

 
Investment Breakdown £ 000's
Purchase Price 440
Capex (inc taxes, fees & void) 180
Capital Employed 620
Valuation 2019 700
Asset Return 13.00%
   
Initial Rent (p.a) 29
Initial Yield 6.60%
Annual Rent (post renovation) 40
Gross Rental Yield 6.50%
   
Renovation Period 7 months
Void 4 months
Tenant Disaster Care Capital
Lease Term 5 years (from Feb 2018)