The site provides a level roughly square area of surfaced land with ancillary workshop/offices currently used for vehicle parking, but would be suitable subject to planning for a range of other open storage uses. The site is securely fenced using palisade steel fencing incorporating automated barriers via a shared access road to Morson Road.
The offices are fitted out to a good standard including suspended ceilings with recessed lights, perimeter trunking, central heating and double glazing. The offices are arranged as a mixture of open plan and cellular space with ample WC's and showers, changing room and kitchen/staff room.
( Agency Pilot Software Ref: 296344 )
Location
The site is situated on Morson Road close to the junction with Meridian Way (A155) which provides access to the M25 (J25/A10 intersection) to the north and the A406 North Circular Road to the south. Ponders End station is within walking distance and provides regular services to London Liverpool Street via Tottenham Hale (Victoria Line).
The site is therefore well located to service Central and Greater London.
Accommodation
Site Area - 1.48 Acres
2 Storey Offices - 6,694 sq ft (GIA)
Workshop - 767 sq ft (GIA)
Terms
EPC - Available on request.
Lease - The site is held on a lease for a term of 10 years from 18 June 2015, therefore expiring 17 June 2025 on full repairing and insuring terms subject to a schedule of condition at a current passing rent of £290,000 per annum exclusive, subject to increase on 18 June 2020 to £340,000 for the remainder of the term. The tenant has the option to renew the lease for a further term of 10 years, subject to the open market rent at expiry of the current term.
Proposal - The lease is available for assignment or a new sub-lease is available until June 2025.
Alternatively, consideration will be given subject to Landlord’s consent to the grant of a new lease simultaneous with a surrender of the existing lease.
Business Rates - We understand from the Valuation Office web-site that the property has a rateable value of £153,056.
Specification
- Fully surfaced site
- Securely fenced
- CCTV
- External lighting
- Washdown area
- Automated barriers
- Good quality offices
- Good staff welfare facilities