The entire site is fully let to 8 tenants, comprising the main buildings and additional divided yard space, along with two storage containers, producing a total rent of £189,100 per annum. The property benefits from Use Class B8.
( Agency Pilot Software ref: 662 )
Location
The property is located on Garth Road within Beverley Trading Estate. Garth Road is a key industrial zone located in the affluent London Borough of Merton, immediately to the south of Wimbledon, Morden and Raynes Park. The London Borough of Merton is bordered by Wandsworth and Lambeth to the north, Kingston-Upon-Thames to the west and, Sutton and Croydon to the south. The property is located just 9 minutes from the New Malden junction of the A3, providing expedient access to central and south west London, as well as Surrey. The property is within easy reach of the M25, with numerous junctions accessible from the site
Accommodation
The property comprises a warehouse of 4,800 sq ft, on a site area of approximately 0.412 acres.
Terms
Tenure Freehold
Price Offers are invited in Excess of £2,000,000, subject to contract. A purchase at this level reflects a Net Initial Yield of 8.9% (with purchasers' costs at 6.38%).
VAT The property is not elected for VAT.
Legal Costs Each party is to be responsible for their own legal costs incurred in this matter.