Rare Freehold Industrial Builidng to Suit Investors or Owner Occupiers

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Following an abortive sale of the above property, the guide price has been substantially reduced by £950,000 to £2,300,000 on the basis of an immediate sale.

The reduced guide price reflects an extremely low capital value of just £150 per sq. ft.

32 Verney Road is a 15,327 sqft industrial building (with current B2 Use) offering significant redevelopment & asset management potential offered for sale on an unconditional basis, with vacant possession.

• The site footprint extends to approx. 0.32 acres / 0.13 hectares and comprises a warehouse and a three-storey office building to the rear across full site coverage

• Total GIA approx. 1,424 sqm (15,327 sqft)

• Industrial element extends to approx. 1,312 sqm (14,125 sqft) GIA

• Office building extends to approx. 111 sqm (1,202 sqft) GIA

• Development options include the potential for refurbishment & re-configuration of the existing building, refurbishment plus partial demolition to create a yard space to the front, in addition to full demolition of the existing building and construction of a new-build replacement

• Southwark Council aim for Verney Road to become a sought after industrial destination which is benefiting from significant investment from British Land, Mileway & Capital Industrial

• Guide price reflects a low capital value of £212 per sqft on the GIA

• Offered for sale freehold with vacant possession upon Legal Completion