Lot 69A
    Light Industrial
    107-109 Ormside Street
    Southwark, London, SE15 1TF
    Sold for £902,000
     
    Number 1
    A Substantial End of Terrace Brick Built Industrial/Workshop Unit Subject to an FRI Lease Producing £40,000 per annum

    Description

    The property comprises an end of terrace industrial/warehouse unit measuring approximately 551 sq m (5,930 sq ft) arranged over ground and first floors. The property benefits from a roller shutter door as well as a separate personnel door.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road that comprises numerous industrial units a 250 meters from the Old Kent Road (A2). Millwall FC is just 300 meters away. Transport links are provided by South Bermondsey rail station.

    Accommodation

    Ground Floor
    Warehouse (left hand side) - 123.7 sq m
    Workshop Areas Inc staff WCs - 353.38 sq m

    First Floor
    Mezzanine - 16.31 sq m
    Workshop Areas - 57.46 sq m

    Total GIA: 550.85 sq m (5,929 sq ft)

    Exterior

    The property benefits from un-restricted road parking directly outside the property.

    Tenancy

    The property is subject to an FRI lease for a term of 5 years commencing 8th December 2018 at a rent of £40,000 per annum. Upward only rent review December 2021.

    Current Rent Reserved

    Current Rent Reserved £40,000 per annum
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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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