Entirely let on a new 10 year lease to Bay Bal Specialist Coating Ltd until 2023.
Tenant in occupation since 2008.
Approximately 597.90 sq m (6,436 sq ft).
Situated in an established industrial/trade counter location.
Nearby occupiers include Ford, Volkswagen, Brewers, Toyota and Costco.
Six Week Completion
Lot 55
Auction 17th October 2013
Status Sold
Price £490,000
Sector Industrial/Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
13 miles south of Central London
Roads
A23, A22, A232, M25 (Junction 6, 7 & 8)
Rail
East Croydon (14 mins to London Bridge 16 mins to London Victoria)
Air
London Heathrow, London Gatwick
Situation
The property is situated on the east side of Imperial Way in a well located industrial/trade counter area adjacent to the A23 (Purley Way). Neighbouring occupiers include Ford, Volkswagen, Brewers, Toyota and Costco.
Tenure
Freehold.
Location
Miles
13 miles south of Central London
Roads
A23, A22, A232, M25 (Junction 6, 7 & 8)
Rail
East Croydon (14 mins to London Bridge 16 mins to London Victoria)
Air
London Heathrow, London Gatwick
Situation
The property is situated on the east side of Imperial Way in a well located industrial/trade counter area adjacent to the A23 (Purley Way). Neighbouring occupiers include Ford, Volkswagen, Brewers, Toyota and Costco.
Tenure
Freehold.
Description
The property comprises a light industrial unit with ground floor office and warehouse accommodation. Internally the property has been subdivided to form three self-contained units. The property benefits from a front yard and marked on-site car parking for approximately 10 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a light industrial unit with ground floor office and warehouse accommodation. Internally the property has been subdivided to form three self-contained units. The property benefits from a front yard and marked on-site car parking for approximately 10 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review
Front Unit Rear Right Unit Rear Left Unit
Ground Ground Ground
Office Workshop Office
393.99 sq m 86.95 sq m 116.96 sq m
(4,241 sq ft) (936 sq ft) (1,259 sq ft)
BAY BAL SPECIALIST COATING LTD (1) (2)
10 years from 01/08/2013 until 2023 on a full repairing and insuring lease
£60,228 (3)
01/09/2018
Totals
597.90 sq m
(6,436 sq ft)
£60,228
(1) Bay Bal Specialist Coating Limited was incorporated in 1985 and has been in occupation of the premises since 2008. (2) The rear units have been sublet. (3) The Seller is holding a rent deposit of £15,072.
