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.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.