Commercial property for sale in London, England

DESCRIPTION:  The property comprises a leasehold site extending to approximately 3 acres occupied by a redundant dry ski slope. Originally the site of the Beckton Gas Works, the ski slope was created in the 1980's from excess clay and other materials as a result of the extraction of the new British Library but has closed since 2001.  The existing lease has approximately 87 years remaining with the freehold being owned by London Borough of Newham, who also own the surrounding vacant land.  LOCATION:  The property occupies a prominent position off Newham Way (A13).   The nearest train station is Beckton DLR station, being located 0.4 miles from the property.  London City Airport is also located within close proximity of the site being 2.3 miles from the property.  TENANCY:  The property is held on a 125 year lease from 1st November 1986 with approximately 87 years left until expiry.   The annual rent payable under the lease to the Landlord is £25,000pa.  PLANNING & DEVELOPMENT:  Planning permission was granted in February 2002 under reference 00/0478 for the enclosure of the ski slope to form an indoor real snow ski slope and to include restaurants, shops, a creche and parking spaces.  Given this precedent set by this permission, the site offers potential for a variety of alternative leisure uses.  The site also offers potential for comprehensive residential redevelopment or other uses, subject to obtaining the necessary consents.   Any planning enquiries should be made to the local planning authority, the London Borough of Newham.   TENURE:  The property is being sold on a long leasehold interest with approximately 87 years left on the current lease.

Commercial property for sale in London, England

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