480-502 LARKSHALL ROAD - Larkshall Road, London, Greater London, E4 9HH INVESTMENT OPPORTUNITY - Fastly
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INVESTMENT OPPORTUNITY 480-502 LARKSHALL ROAD Larkshall Road, London, Greater London, E4 9HH
480-502 Larkshall Road
Opportunity to acquire reversionary freehold office investment with
development potential in Waltham Forest
The existing building is arranged over two storeys Price £6,000,000
(ground and first), comprising c.19,785sqft GIA and is
split into 4 buildings, each with self contained Building type Office
entrances. The current income for the property totals
Tenure Freehold
£218,785pax, with the longest leasehold running until
2021. We understand that leases are inside the 1954 Deal type Development with income
Landlord and Tenant Act with the exception of WF
Federated GP Network Ltd. Size (NIA) 16,073 SQ FT
The building possesses asset management potential Size (GIA) 19,785 SQ FT
as well as future development potential upon expiry
or termination of the existing leases. We believe the Marketed by: JLL London Unlimited
existing office space is under let and a rent of
£22.50psf could be achieved, which would create an For more information please visit:
ERV of c.£362,000pax. There is also potential (stpp) https://realla.co/480-502-larkshall-road-480-502-
to add an additional floor to create another larkshall-road
10,000sqft of space which could lift the ERV to c.
£587,000pax. Alternatively, a buyer could look at
obtaining permitted development on all of the office
accommodation and convert to residential. We
believe if a floor was added on top then you could
create c.60 residential units.
In addition to the existing office space, the subject
property benefits from a large rear car park with
approximately 70 spaces. With this included the total
site area measu
480-502 Larkshall Road
Opportunity to purchase freehold office building with asset
management and development potential
The existing building benefits from £218,785pax (£13.61psf)
worth of income. There are currently 7 different tenants in place
The rental income could be improved dramatically if rented at c.
£22.50psf. This would create an ERV of c.£362,000 pax
There is the opportunity to add additional floors on top of the
existing building
There is the ability to implement permitted development on the
existing accommodation (stpp) on expiry or termination of the
existing leases
The site is situated just 100 yards from Highams Park Station
(Zone 4) which provides access to London Overground Services
Located opposite McLaren’s newly completed Highams Green
Development which comprises 253 residential units and a
55,000 sq. ft. Tesco superstore
480-502 Larkshall Road
480-502 Larkshall Road
480-502 Larkshall Road, 480-502 Larkshall Road, London, E4 9HH
Data provided by Google
480-502 Larkshall Road
Location overview The subject site is located within Zone 4, with Highams Park station just a 2
minute walk providing access to London Overground Services.
Highams Park is an up and coming area within North East London which
benefits from excellent links to Zones 1 and 2. East London has seen some of
the most dramatic rises in property values in recent years and this is reflected
in both residential sales and commercial rents. This improvement has led
numerous well known London developers to invest in these areas, which can
be clearly seen opposite, where McLaren have redeveloped their Highams
Green Site. This development is now complete and provides 253 new homes
with a 55,000sqft Tesco Superstore. See link below which provides an access
location overview for this development, which is directly opposite the subject
site being sold;
https://www.youtube.com/watch?v=Gyet6L3JXqE
Transport The property is well connected to Central London via London Overground
Services. It is two stops to get to Walthamstow Central which provides access
to the London Underground (Victoria Line), with trains connecting you to
Euston, Oxford Circus and Victoria in under 20 minutes. In addition the station
also provides a connection into London Liverpool Street in just 22 minutes for
City workers.
Tenancy schedule
Tenant Rent (p.a.) Start date Expiry date Break option
Strictly Educatio... £38,325 03/02/2014 04/02/2019
TSS (Total Securi... £25,430 04/01/2010 05/01/2015
M. R. Solicitors £58,030 04/01/2010 05/01/2015 07/01/2013
Learn to Gain Aca... £30,000 31/05/2015 04/06/2017
WF Federated GP N... £34,000 01/05/2016 02/05/2021 05/05/2019
Adelaide Care Ltd £17,500 01/06/2014 02/06/2019 04/06/2017
Pinder Reaux Asso... £15,500 19/04/2015 19/04/2020 19/04/2017
EPC Available on request
480-502 Larkshall Road
Offers
We are inviting unconditional offers in excess of £6,000,000 for the
freehold interest
Notes:
0207 852 4273
JLL London Unlimited
Chris Henshall
07772775130
chris.henshall@eu.jll.com
Property descriptions and related information displayed on this page are marketing materials provided by JLL- London
Unlimited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property
descriptions or related information provided here and they do not constitute property particulars. JLL Dislaimer JLL for
themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars
are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b.
all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other
details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as
statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no
person in the employment of JLL has any authority to make or give any representation or warranty whatever in
relation to the property; d. Any images maybe computer generated. Any photographs show only parts of the property
as they appeared at the time they were taken @2015 Jones Lang LaSalle
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