The property is situated in the heart of Brimsdown Industrial Estate on the east side of Enfield. It is towards the northern end of a large industrial area stetching down through the Lee Valley, known as the North East London Industrial Corridor.
This area is constantly developing and improving. Major occupiers include Coca Cola, Warburton, Makro, Matalan, Excel and Pickfords.
Gilmartin Ley acted for Precision Engineering Plastics in the acquisition of a 21,500 sq ft industrial unit.
Gilmartin Ley's role included sourcing the property, negotiating the terms of the acquisition with the seller's agent and dealing with an application for changing the planning use from warehouse (B8) to general industrial (B2).
Precision Engineering Plastics acquired the freehold interest in 1063 Mollison Avenue, Enfield for just under £2 million for their own occupation in September 2010.