Commercial Property for sale

Tenure: Leasehold

Accommodation: The premises have the following approximate floor areas:

Ground Floor
Industrial Warehouse 1,237.08 sq m (13,316 sq ft)
Offices/WCs 77.67 sq m (836 sq ft)

First Floor Mezzanine
Offices 77.67 sq m (836 sq ft)

Total Gross Internal Floor Area: 1,392.42 sq m (14,988 sq ft)

All measurements are approximate, however these are based upon the principles laid down in accordance with the RICS Code of Measuring Practice.

Description: The industrial warehouse premises are of steel portal frame construction with profile cladding, beneath a pitched and insulated roof.


Amenities:
• Good quality offices
• Halogen spot lights
• Roof lights
• Three phase power
• Maximum eaves height 8.10m
• Clear eaves height 7.5 m • Two electrically operated roller shutter doors
• 24 hour on-site security
• Ladies/gents WC facilities
• Kitchenette
• 30 on-site allocated car parking spaces

Important Note: Centro Commercial have not tested any services, heating system, electrical system, appliances, fixtures and fittings, that may be included in this property and would advise interested parties to satisfy themselves as to their condition or investigating the presence of any deleterious materials.

Location: Beddington Cross lies between Beddington Farm Road and Beddington Lane in the heart of Croydon's main industrial and warehousing area.

Beddington Cross and its location has already attracted a number of major occupiers including Mercury One 2 One, CCF, Eagle Star, Grahams Builders Merchants, DHL, HMSO Books, Winebox, The Big Bus Co and Serco.

The A23 Purley Way gives direct access to Central London and, to the south, the M25 and National Motorway network. The Croydon Tram Link provides direct links to Croydon Town Centre and the main rail network.

Terms: The premises are held on a Full Repairing and Insuring Lease for a term of 20 years from 26 May 1999, subject to five yearly rent reviews. The next rent review is due on 26 May 2009.

Passing Rental: The current passing rental is £128,700 per annum exclusive.

VAT: The premises have been elected for VAT.

Rates: According to the VOA web site, the property has a Rateable Value of £103,000. Therefore, the Rates payable in the current financial year for 2008-2009 are £47,586.

NB: Please note that the rates actually payable may be subject to transitional relief. For a more accurate assessment of rates payable for the current year, please contact the Local Authority.

Legal Costs: Each party is to be responsible for their own costs in this transaction.

Viewing: Strictly by appointment through:

Centro Commercial Limited
020 8401 1000
Sole Agents
See a selection of our properties at www.centro.plc.uk