Unit 17 Willow Lane Business Park

1-11 Willow Lane, Mitcham, Surrey, CR4 4NA

8,678 sq ft Investment Property, For Sale

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INVESTMENT FOR SALE

Property Type Investment Property
Tenure For Sale
Size 8,678 sq ft
Freehold Price Offers sought in excess of £650,000 plus VAT
Energy Performance Rating This property has been graded as 113 E

Key Points

  • Income producing commercial investment
  • Purchase price represents a low capital value of only £75 per sq ft
  • Ground floor warehouse with offices above
  • Good access to central London

Location

The property is located on the Willow Lane Business Park that forms part of the larger Willow Lane Industrial Estate. The Industrial Estate is situated to the south of Mitcham town centre in between the A217 and A237 that provide road connections to the M25 to the south and central London to the north. Mitcham junction station is close by and provides a regular National Rail service into central London as well as being a Tramlink stop. The station is in the London Borough of Merton and Travelcard Zone 4.

The property was built in the 1960’s and is arranged over four floors with a ground floor industrial warehouse facility and office accommodation on the upper floors. The warehouse is of steel portal frame construction with a profile clad pitched roof with some translucent panels providing natural light into the accommodation. There is a solid concrete floor in the warehouse with fluorescent strip lighting. At the front of the warehouse is an electric roller shutter entrance. The minimum eaves height in the warehouse is 2.85m rising to 5m in the central apex. There is a manager’s office, tea room and WC facilities (including disabled) at the front entrance to the warehouse, with a small external ramp providing loading access.

There are offices on the upper floors that were recently refurbished in 2008 and include - solid carpeted floors with perimeter trunking, suspended ceilings with Category II lighting, Daikin heating/cooling units, double glazed windows with UPVC frames and WC and kitchen facilities on each floor.

Accommodation

Ground Floor Warehouse  5,666 sq ft 526.38 sq m
1st Floor Offices 1,027 sq ft  95.41 sq m
2nd Floor Offices   958 sq ft  89.00 sq m
3rd Floor Offices 1,027 sq ft  95.41 sq m
Total 8,678 sq ft 806.20 sq m

Tenure

The premises are available on a freehold basis subject to the following tenancy.

Tenant: Wood Production Ltd

Terms

The property is let to Wood Production Ltd (Comany No: 05794886) at a rent of £48,750 p.a. on a 5 year lease from 1st June 2014 with tenant break at the end of the 3rd year.

Further information available on application.