The property comprises a self contained industrial warehouse unit with ancillary offices and parking for approximately 7 cars. The warehouse is arranged over ground and first floors serviced by a heavy goods lift and the offices are arranged over ground, first and second floors.
The property was constructed in 1927 and has benefitted from being extended on the ground floor. It is built of traditional materials, 9 inch solid brick, under a part flat and part pitched roofs.
Location
The property is situated on Lombard Road on Merton Industrial Estate in the London Borough of Merton, approximately 9 miles south west of Central London.
There is good road access on to the A24, A297, A3, M25, which connects to neighbouring towns and central London. Morden Road Tram station is located directly opposite the property and South Wimbledon Underground Station is 700m to the north which is serviced by the Northern Line and provides regular services into central London.
The surrounding industrial area is very well established and is home to several established occupiers including trade counter, manufacturing, logistics and self-storage companies. Neighbouring occupiers include Lawsons Timber, Big Yellow Self Storage, Screwfix, Magnet, Ocado and Amazon.
Accommodation
Office - 3,269 sq ft (303.7 sq m)
Ground floor warehouse - 9,511 sq ft (883.6 sq m)
First floor warehouse - 8,205 sq ft (762.3 sq m)
TOTAL - 20,985 sq ft (1,949.6 sq m)
The warehouse sits on a site measuring 0.33 acres (0.13 hectares).
A measured survey has been carried out by Hollis as per the guidance detailed in the RICS guidance note Measured surveys of land, buildings and utilities (3rd Edition, 2014). The full survey is available in the Data Room.
Terms
Proposal - Offers sought in excess of £3,750,000 subject to contract and exclusive of VAT. This equates to a low £179 psf.
EPC - E-117
VAT - The property is not elected for VAT and therefore it will not be applied to the purchase price.
Data Room - Access to the data room can be provided upon request.
Specification
- A great opportunity to acquire the freehold interest in a Last Mile industrial warehouse unit on Merton Industrial Estate.
- The property is sold with vacant possession.
- The property comprises a self contained industrial warehouse unit with a floor area of 20,985 sq ft (1,949.6 sqm)
- Situated within 9 miles to central London benefiting from extremely strong occupational demand.
- Opportunity to refurbish/reposition the existing warehouse offering a range of uses STP.
- Great prominence on to the A24.
- Directly opposite Morden Road Tram station and 700m south of South Wimbledon tube station (Northern Line).
- 1 surface level loading door
- Secure fenced self contained yard
- Ground floor eaves height – 3.19m, first floor eaves height - 5.28m
- Prominent position fronting onto the A24
- B2 and B8 use classes
- Internal goods lift