Let to Greenwich Teaching Primary Care Trust (now NHS Greenwich and Greenwich Community Health Services)
With future residential development potential (subject to consents)
Outside the Security of Tenure provisions of the L&T Act 1954
Affluent Inner London suburb
100 metres from Greenwich Park, A World Heritage Site That Houses the Royal Observatory
Valuable rent review in October 2011 geared to RPI
Six Week Completion Available
Lot 9
Auction 22nd February 2011
Rent £140,000 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2 miles south of Canary Wharf, 5 miles south-east of City of London, 6 miles south-east of London's West End
Roads
A2, A205 (South Circular Road), A20, A202, A102
Rail
Cutty Sark (Docklands Light Railway), Maze Hill Railway
Air
London City Airport, Heathrow Airport, London Gatwick Airport
Situation
The property is situated circa 100 metres north of Greenwich Park within an attractive and affluent residential suburb. Greenwich Park is home to The Royal Observatory and to Greenwich Meantime. The National Maritime Museum, former Royal Navy Colleges and the world famous Cutty Sark are all close by. Together with the park, these buildings form a UNESCO World Heritage Site.
Tenure
Freehold. Rent per annum exclusive with an RPI Rental Increase in October 2011
Location
Miles
2 miles south of Canary Wharf, 5 miles south-east of City of London, 6 miles south-east of London's West End
Roads
A2, A205 (South Circular Road), A20, A202, A102
Rail
Cutty Sark (Docklands Light Railway), Maze Hill Railway
Air
London City Airport, Heathrow Airport, London Gatwick Airport
Situation
The property is situated circa 100 metres north of Greenwich Park within an attractive and affluent residential suburb. Greenwich Park is home to The Royal Observatory and to Greenwich Meantime. The National Maritime Museum, former Royal Navy Colleges and the world famous Cutty Sark are all close by. Together with the park, these buildings form a UNESCO World Heritage Site.
Tenure
Freehold. Rent per annum exclusive with an RPI Rental Increase in October 2011
Description
The property comprises an attractive FORMER POST OFFICE SORTING OFFICE that has been subject to a recent refurbishment program to form contemporary OFFICE ACCOMMODATION. In addition there is a regular and level SITE of approximately 0.04 hectares (0.1 acre) situated on the opposite side of the road currently used as a surface car park accommodating 20 cars with double parking.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an attractive FORMER POST OFFICE SORTING OFFICE that has been subject to a recent refurbishment program to form contemporary OFFICE ACCOMMODATION. In addition there is a regular and level SITE of approximately 0.04 hectares (0.1 acre) situated on the opposite side of the road currently used as a surface car park accommodating 20 cars with double parking.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Basement Ground Mezzanine/First
Car Park
Office Office Office
117.06 sq m 385.22 sq m 166.11 sq m
(1,260 sq ft) (4,145 sq ft) (1,788 sq ft)
GREENWICH TEACHING PRIMARY CARE TRUST
6 years from 10/10/2008 (1)
£140,000
10/10/2011 (2)
Totals
668.39 sq m
(7,193 sq ft)
£140,000 rising in Oct 2011
(1) The Leases is outside of the Security of Tenure provisions of the Landlord and Tenant Act 1954. (2) As to the October 2011 rent review the lease provides for the rent to be reviewed to Open Market Rent or increased in line with the Retail Price Index (RPI) whichever is the greater.
