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Sold Prior | Lot 114

107-109 Ormside Street, Southwark, London, SE15 1TF

Sold Prior

  • Light Industrial
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Thu 06/05/2021

Auction Time

12:00

Auction Venue

Live Stream

A Substantial End of Terrace Brick Built Industrial/Workshop Unit Subject to an FRI Lease Producing £40,000 per annum

The property comprises an end of terrace industrial/warehouse unit measuring approximately 551 sq m (5,930 sq ft) arranged over ground and first floors. The property benefits from a roller shutter door as well as a separate personnel door.

Tenure

Freehold

Location

The property is situated on a mixed use road that comprises numerous industrial units a 250 meters from the Old Kent Road (A2). Millwall FC is just 300 meters away. Transport links are provided by South Bermondsey rail station.

Accommodation

Ground Floor Warehouse (left hand side) - 123.7 sq m Workshop Areas Inc staff WCs - 353.38 sq m First Floor Mezzanine - 16.31 sq m Workshop Areas - 57.46 sq m Total GIA: 550.85 sq m (5,929 sq ft)

Exterior

The property benefits from un-restricted road parking directly outside the property.

Tenancy

The property is subject to an FRI lease for a term of 5 years commencing 8th December 2018 at a rent of £40,000 per annum. Upward only rent review December 2021.

Current Rent Reserved

Current Rent Reserved £40,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.