Available to let - Refurbished Light Industrial Warehouse Premises
( Agency Pilot Software ref: 544 )
Location
Merton Industrial Park is located on Morden Road (A24) accessed via Jubilee Way. It is within close proximity to the A3 which provides direct access to Central London and the National Motorway Network via Junction 10 of the M25. Locally, both Wimbledon South Underground Station (Northern Line) and Morden Tramlink (Morden Road) are within walking distance whilst Morden Road offers numerous local bus routes. Morden Tramlink is a short distance providing direct access to Wimbledon (5 minutes' travel time).
Accommodation
Warehouse 5,675 sq ft (527.21sq m )
Ground Floor Office 707 sq ft (65.68 sq m )
First Floor Office 707sq ft (65.68sq m )
Canopy 220 sq ft (20.44 sq m )
Total Gross External Floor Area 7,309 Sq Ft (679.01 Sq M)
Terms
The premises are held on a Full Repairing and Insuring Lease from 06/09/2022, for a term to expire on 31/12/2030 at a current passing rental of £164,452.50 per annum exclusive. The Lease is subject to an upward only rent review at the 5th year of the term, and is contracted outside the Landlord & Tenant Act. Our Client is seeking to Assign their Leasehold interest. Alternatively, the Landlord may consider, via separate negotiation, granting a new Lease.
Rates According to the Government website the property has a Rateable Value of £70,500. Therefore, the rates payable for the current financial year for 2022-2023 are £36,096. NB: The rates actually payable may be subject to transitional relief.
VAT The premises have been elected for VAT.
EPC The property has a rating of B (31).
Service Charge Details upon application
Legal Costs Each party is to be responsible for their own costs in this transaction.
Specification
- Minimum eaves height of 6m
- 24/7 access (no hours of use restriction)
- Skylights
- New double glazed windows
- Painted warehouse floor
- 3 phase power
- New LED general and emergency lighting
- Warehouse lighting
- Electric up and over loading door
- Separate Ladies/Gents WC facilities
- External loading and car parking
- 24/7 access (no hours of use restriction)