Stunning fully fitted "loft style" studio/office floor.
Location
Kennington Park Business Centre is a large and popular business complex owned by and now the HQ offices of Workspace Group plc, comprising a number of attractive period properties that have been converted into a variety of commercial uses, occupying a large island site with the main entrance prominently located at the junction of Camberwell New Road (A202) and Brixton Road (A23).
Oval Underground Station (Northern line) is approximately 4 minutes walk from the property (15 minutes to Oxford Circus) and Vauxhall Station (Mainline and Victoria lines) is approximately 10 minutes walk away providing direct access to the West End and Waterloo Station.
The property is located outside the congestion zone.
Accommodation
Comprising a self-contained “loft style” first floor extending to approximately 10,500 sq ft (976 sq m) and has been fully fitted to provide a selection of large reception area, meeting rooms, open plan areas and private offices. (A layout plan is available on request.)
Terms
Lease
A new FRI lease for a term of 10 years incorporating an upward only open market rent review at the end of the fifth year. The lease is to be contracted out of the Landlord & Tenant Act 1954.
Rent
£580,000 per annum exclusive of VAT, business rates, service charge and insurance payable quarterly in advance.
Business Rates
Rateable Value £139,000
Rates Payable £71,307 (2015-2016)
Interested parties should verify this with LB Lambeth.
Service Charge
To be confirmed.
EPC
An energy performance certificate for these premises is available upon request.
Possession
Summer 2016 (TBC)
Specification
- Fully fitted and ready for occupation
- Air conditioning
- Exposed steel beams
- Private WCs, kitchen and staff areas
- On-site gym and restaurant