Light industrial property - available Long Leasehold for sale, with full vacant possession.
Location
The property is located on the northern side of Sandiford Road, in the established Kimpton Industrial Estate, directly off the A217. The A217 provides direct access to Central London and the M25 (Junction 8). The estate benefits from good public access with Sutton Common train station only 0.7 miles away and numerous bus routes.
Accommodation
7,380 Sq Ft (685.6 Sq M)
Terms
The premises are held on a Lease of 125 years from 01/03/.2003, with rent reviews every 10 years. From 17/03/2023, the rent is £19,450 per annum exclusive, payable quarterly in advance. The premises are available Long Leasehold for sale with full vacant possession.
Price £600,000 for the Long Leasehold interest.
Rates According to the Government website the property has a current Rateable Value of £55,000. From 01/04/26, the property will have a Rateable Value of £71,000.
NB: The rates actually payable may be subject to transitional relief.
VAT The property has not been elected for VAT.
EPC The EPC rating for this property is D (86).
Legal Costs Each party is to be responsible for their own costs in this transaction.
Specification
- Commercial goods lift
- Strip lighting
- Gas fired central heating
- Carpeting to office areas
- edicated undercroft car parking
- Forecourt car parkin