DESCRIPTION

The property comprises a single storey industrial unit of steel portal frame construction with an interconnecting two storey brick built store and office fronting the property.  The property benefits from a forecourt area to the front of the building with parking for up to 7 cars.   Internally, the property has a painted concrete floor whilst the connecting property provides an office / reception area, staff area, WCs and store rooms.   There is a substantial loading door to the left hand side of the building, providing easy access in to and out of the premises.  

 

INVESTMENT SUMMARY

Highly prominent London roadside investment.

Self contained single storey industrial / workshop with ancillary 2 storey office / store comprising in total 7,628 sq ft (709 sq m). 

The property is entirely let to Kwik-Fit (GB) Limited on a 15 year FRI lease expiring on 23rd August 2037 with approximately 13 years to expiry (8 years to break).

5 yearly upward only rent reviews to open market rent - first review on 24th August 2027.

Rent -  £140,000 per annum.

Freehold. 

Secure income: Pre-tax profit £13.5 million and shareholders’ funds £99.8 million in 2023 accounts. 

Site area 0.25 acres / 0.10 hectares. 

Potential for future residential and commercial development, subject to planning.

ACCOMMODATION

Floor	Size	Price/Rent	Rates Payable
Total approximate site area	10,890 sq ft - 1,012 sq m
Total	10,890 sq ft (1,012 sq m)

LOCATION

Lewisham, South East London is located 6 miles south of Charing Cross and is identified in the London Plan as one of 35 major centres in Greater London with a large shopping centre and street market. The property is located some 0.6 miles from Lewisham Railway Station with the bus station a 15 minute walk approx.