Light Industrial Premises - currently held on a Full Repairing and Insuring Lease for a term of 10 years from 10/08/2022, subject to a 5 year rent review. The current rental is £96,591 per annum exclusive.
Our Client is seeking either to Assign their existing Leasehold interest, or grant a new Sub-Lease for a term to be agreed.
( Agency Pilot Software ref: 699 )
Location
The property is located within Beddington Trading Estate on Bath House Road, just off Beddington Lane (B272), one of the main industrial areas in Croydon. The Estate is approximately 11 miles from Junction 7 of the M25, via the A23, affording access to the National motorway network. Beddington Lane Tramlink stop is a short distance away, providing access to Central Croydon and Wimbledon
Accommodation
5,780 Sq Ft (536.96 Sq M)
Terms
The premises are currently held on a Full Repairing and Insuring Lease for a term of 10 years from 10/08/2022, subject to a 5 year rent review. The current rental is £96,591 per annum exclusive. Our Client is seeking either to Assign their existing Leasehold interest, or grant a new Sub-Lease for a term to be agreed.
VAT The property has been elected for VAT.
EPC The EPC rating for this property is D (77).
Business Rates The property has a Rateable Value of £74,000. Therefore, the rates payable for 2024-2025 are £40,404. NB: rates payable may be subject to transitional relief.
Service Charge Details upon application
Legal Costs Each party is to be responsible for their own costs in this transaction.
Specification
- Recently refurbished
- Clear eaves height 5.90m
- Roller shutter loading door (4.85m width)
- 3 Phase power
- Roof lights
- Forecourt parking
- Carpeting to offices
- Electric heating to offices
- Ladies/gents WC facilities
- 24/7 Access