freehold commercial investment residential development opportunity ...

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FREEHOLD COMMERCIAL INVESTMENT

RESIDENTIAL DEVELOPMENT OPPORTUNITY IN AN AREA DESIGNATED FOR REDEVELOPMENT WITHIN THE CHARLTON RIVERSIDE MASTERPLAN TWO STOREY B1 WAREHOUSE APPROXIMATELY 6,700 SQ FT LET ON NEW LEASE AT £46,000 PER ANNUM

100-106, WESTMOOR STREET, LONDON SE7 8NQ PRICE £1,000,000 FREEHOLD Commercial Property Agents & Surveyors 7 Hare & Billet Road, Blackheath, London SE3 0RB Tel: 020 8852 6125 Fax: 020 8318 9794 Email: [email protected] www.johnpaynecommercial.com These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form part of any contract. John Payne Commercial and its employees have no authority to make any representation or give any warranty in relation to this property.

Location:

The building is situated in a well established commercial estate occupying a prominent corner site with Holgate Street just off Woolwich Road (A206) in an area designated for future redevelopment under the Charlton Riverside Masterplan of the Royal Borough of Greenwich. The location gives good access to both Blackwall Tunnel southern approach, A2 and main A20. The area is well served by public transport the nearest mainline station being Charlton.

Description:

A two storey building having a gross area of approximately 6,700 sq ft comprising B1 offices and ground floor warehouse space. Currently let on a short lease incorporating a mutual break clause to BLW UK ZONE 2 LTD at a rent of £46,000 per annum.

Planning:

This property falls within the Charlton Riverside Master Plan which is an area designated for residential development and interested parties should make enquiries of the Royal Borough of Greenwich planning department Tel: 020 8854 8888.

Business Rates:

Rateable value: £23,000 equates to £11,132 per annum. We recommend all interested parties make their own enquiries to Royal Borough of Greenwich. Business rate multiplier 48p in the £

Terms:

The property is offered subject to the existing tenancy BLW UK ZONE 2 LTD who are renewing their lease and the rent will be £46,000 per annum. The lease will contain a mutual break clause. A copy will be available once the document has been completed.

VAT:

We understand VAT is not applicable.

Legal Fees:

Each party to bear their own legal costs.

Viewing:

Strictly by prior appointment with JOHN PAYNE COMMERCIAL 020 8852 6125 Under no circumstances should direct approaches be made at the premises.

JP/SH/WS100-106/C00451 Misdescriptions Act 1991 Whilst every effort has been made to ensure the accuracy of these particulars they are in no way guaranteed and do not and will not constitute any part of a contract or any other form of agreement. No liability shall attach to John Payne Commercial or its representatives in relation to anything stated or omitted from these particulars. All prospective lessees purchasers are invited to and expected to inspect the property to check the accuracy of these particulars and to seek appropriate advice from their surveyor and/or solicitor