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For Sale£450,000.00

INDUSTRIAL INVESTMENT FOR SALE

Light Industrial, Industrial , 3517 Sq Ft
Property type: Light Industrial, Industrial
Tenure: For Sale Freehold
Size: 3517 Sq Ft
Price: £450,000.00
Location: Abbey Trading Estate, Unit 6, Unit - 6 Bell Green Lane, SE26 5TW


The property comprises a single storey industrial unit of breeze block construction underneath a pitched roof with concrete floor. The premises is rectangular in shape and has a metal roller shutter to the front elevation, gas blower heaters whilst the office to the front has fluorescent strip lighting. The property has a single WC. The eaves height is approximately 3.64m and there are 6 parking spaces demised to the unit. The building is currently used as a MOT station with lease expiry on 1st April 2020. There is a reversionary rent opportunity at lease expiry. The property is let to Abbey MOT Station Limited on a 5 years term from 2nd April 2015 at a rent of £25,000 per annum.

999 year lease with a share of freehold.

Possible reversionary rent of £38,687 per annum

5 year lease from 2nd April 2015 inside the Landlord and Tenant Act 1954

Annual rent of £24,000 per annum

Potential for vacant possession 1st April 2020

Possible reversionary rent of £38,687 per annum (£11.00 per sq ft)
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