Commercial Properties For Sale by LAND COMMERCIAL, London

The property comprises of a ground floor industrial unit with mezzanine storage totalling approximately 4345sq ft (403.71sqm). The property is in need of repairs and benefits from a front yard, mezzanine storage, external WC, 3-phase power and has a minimum eaves height of 2.09m. Please note there is no gas supply in the property. The property is offered for sale freehold and may be suitable (subject to planning) for residential or commercial redevelopment.

We are delighted to offer For Sale this long leasehold investment currently with 63 years left to run at peppercorn ground rent. The leaseholder can extend the lease by a further 26 years if they wish to create an 89 year long leasehold interest. The property has been let and income producing to Stapletons who have been trading there for approximately 20 years with a current annual rental income of £43,721 p.a.x., with a lease to expire April 2029. The site is around 10,000 sqft (not measured). Service charge: approximately £1,906 p.a. Insurance Charge: £1,803p.a. The property is offered For Sale on assignment of the existing lease.

The property comprises of a self contained split level office with a total floor area of 711 sqft (66.06 sqm). The property benefits from electric roller shutter, its own access, W.C. carpeting, electric central heating and road frontage. The property is offered for sale on a long leasehold basis, the terms of which are to be agreed.