Commercial property for sale in London, England

LOCATION The property is located on an established Business Centre located to the north of Romford town centre, a short distance from the A118 Ring Road. The A12 runs to the north of the property and provides access to junction 28 of the M25 motorway to the east, the A406 (North Circular Road) and City of London to the West. Romford railway station is situated within one mile, offering access into Central London via the Elizabeth line and National Rail services.  ACCOMMODATION  Two-storey brick built industrial/warehouse on a 0.3 acre plot. In it's current configuration, there is a shared/communal entrance providing access to a trade counter unit (with ancillary offices) at ground floor level and an internal staircase to the first floor which is arranged as predominantly open plan office accommodation with staff facilities. The upper parts can also be accessed by virtue of an external staircase to the rear of the building. There is ample parking against the flank wall and to the rear yard. Approximate areas are as follows in accordance with the RICS Code of Measuring Practice (6th Edition) on a Gross Internal Area (GIA) basis:  Ground Floor 6,557sq.ft (609.16sqm)  First Floor 6,557sq.ft (609.16sqm)  Total 13,114sq.ft (1218.33sqm)  KEY FEATURES * Highly reversionary * Low cap. val of c. £103 psf * Parking/loading/unloading  LEASE TERMS The ground floor is rented to Openview Security Solutions PLC for a term of 5 years from March 2022 at a rent of £32,898.36 pax.   The first floor is to be vacant at the point of sale.  PRICE Offers in the region of £1,350,000 Subject to Contract for the benefit of the freehold interest with the ground floor occupied and first floor vacant (refer to 'lease terms' above).  RATES  Rateable  Value The current Rateable Value for the ground floor is £40,250 and for first floor £26,500  VAT Value Added Tax (VAT) is not applicable in relation to the sale of this property.  EPC EPC Awaited   LEGAL COSTS Each party to pay their own legal fees.    GDPR General Regulations (GDPR) will take effect on 25 May 2018.  As a business we must have a lawful basis to process personal data, and therefore we require your written consent to hold your personal data on our files.  Money Laundering Regulations Identity Checks/AML The Money Laundering Regulations require us to conduct checks upon all Prospective Parties. Prospective Parties will need to provide proof of identity and residence. For a Company, any person owning more than 25% must provide the same.  VIEWING  Strictly by appointment via agent   Ref: ANDREW CAPLIN  M:    Andrew Caplin Commercial conditions under which particulars issued. Andrew Caplin Commercial, for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: i) The particulars are ser out as a general outline for the guidance of intending purchasers or lessors and do not constitute part of an offer or contract. ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the corrections of each of them. iii) No person in the employment of Andrew Caplin Commercial or any joint agents has any authority to make or give any representation or warranty whatsoever in relation to this property. iv) All rents and prices are quoted exclusive of VAT.

Commercial property for sale in London, England

Light industrial for sale

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