Industrial in London

Location

The property is extremely well located for Central London, situated just 3 miles east of the City and 4 miles from the West End. Canary Wharf is also only 4 miles distant.
Stockholm Road is situated immediately to the south of the New Den (Millwall FC) and links to the A2 (Old Kent Road) via Ilderton Road.
South Bermondsey mainline station is situated nearby with a journey time to London Bridge of only 6 minutes.

Description

Warehouse unit

Accommodation

Description
The main warehouse area comprises two bays of concrete portal frame construction with brick and clad elevations. The height to underside of haunch is approximately 5.5m (18 ft).
The property benefits from a covered loading area facing out to the yard which provides six dock level loading bays. Two level loading doors are accessible from the elevation facing Stockholm Road.
Offices are arranged at ground and first floor level and parking is available in bays immediately opposite the property.
Accommodation
The property has the following approximate gross internal areas:
Warehouse 4,598 sq. m. (49,496 sq. ft.)
Ground Floor Offices 273 sq. m. ( 2,936 sq. ft.)
First Floor Offices 401 sq. m. ( 4,321 sq. ft.)
Total 5,272 sq. m. (56,753 sq. ft.)
Terms
The property is offered on an assignment or a new sub-lease for a term to expire in September 2013.
Rent
£143,000 - £324,568 per annum exclusive.
Planning
The property has most recently been used as a logistics warehouse but the tenant must make their own enquiries of the Planning Authority to ensure that their proposed use is permissible prior to entering into any form of contract.
Legal Costs
Each party to pay their own legal fees.
VAT
Please note that VAT will be chargeable.
Rates
The property is entered in the 2010 rating list with a rateable value of £265,000. The Standard Business Rates Multiplier for 2012/13 is 45.8p in the £. For further information on business rates including relief which could be applicable, visit www.mybusinessrates.gov.uk.
Viewing
Strictly by prior arrangement with joint sole agents Hindwoods 020 8858 9303 and King Sturge 020 7493 4933