The unit comprises a warehouse / industrial premises with ancillary office accommodation on the ground and first floor. The property forms part of the rear terrace which benefits from a larger yard and car parking areas to the rest of the estate. The unit is of concrete portal frame construction with full height brick elevations to the rear and concrete and glazed elevations to the front.
Location
The premises are located on the Mitcham Industrial Estate which fronts onto the A216 Streatham Road. Mitcham is located 8 miles south of Central London and 4 miles north-west of Croydon in the London Borough of Merton. The estate has main road frontage and is a quasi-trade as well as traditional warehouse/industrial estate.
Mitcham benefits from excellent transport links. It is within close proximity of south London’s principal trunk roads, A23 and A24, providing direct access to Central London and the national motorway network.
- 20 minutes by train to Central London
- 12 minutes by train to Clapham Junction
- 2 miles to Tooting Broadway Underground station
- 1.8 miles to Colliers Wood Underground station
- 0.7 miles to Mitcham Eastfields train station
Accommodation
We are advised the premises have the following approximate gross internal floor areas:
Ground Floor Warehouse - 6,950 sq ft (646 sq m)
Ground Floor Office - 1,300 sq ft (121 sq m)
First Floor Office - 1,300 sq ft (121 sq m)
Total - 9,550 sq ft (888 sq m)
Terms
Long Lease - The long lease is for a period of 999 years from 25th March 1996 (approx. 979 years remaining).
Price - £1,600,000 plus vat
Business Rates - We understand from Merton Council that the current Rateable Value is £69,000. The amount payable for the year to 31st March 2017 is £34,293. We note that the revaluation has reassessed the Rateable value downwards for rates payable from 1st April 2017 to £57,500 which may result in reduced Business rates liability. Any interested party should check the accuracy with Merton Council.
EPC - To be assessed
Estate Charge - The owners are required to contribute towards the estate charge. We understand this is currently approximately £1,138.25 per quarter
Specification
Industrial Section
- Min eaves height 5.3m (17 ft)
- Clear of columns
- Concrete floor
- Fluorescent lighting
- Gas fired blower heating
- Manual full height loading door
- 3 Phase Electrical supply
- Kitchen
Office Sections
- Modern offices
- Carpeted floor
- Suspended ceilings
- Gas fired central heating
- Double glazed windows
- Wc`s
- 14 car parking spaces