Office

To buy

328 Kennington Lane, London , SE11 5HY

Office | 849 Sq Ft

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Virtual Freehold Premises For Sale

Description

The property is arranged over the ground and basement of this mid-terrace property, which forms part of an established retail parade in the heart of Vauxhall.

The upper parts are accessed via their own independent entrance and comprise two residential apartments, which are sold off on long leases.

Accommodation

The areas quoted below are net internal;

  • Floor
  • Size (Sq Ft)
  • Availability
  • Ground
  • 702
  • Available
  • Basement
  • 147
  • Available

* Subject to re-measurement and IPMS 3 Measurements available upon request

Lease

The lease is for a term 10 years from the 6th December 2023 at a rent of £21,275 per annum exclusive (£25.06 per sq ft overall / £46.76 per sq ft ITZA). The lease incorporates Tenant's options to break on the 28th Septmeber 2028 and 2031.

Epc

The premises has an EPC rating of '48', which falls within Band 'B'.

Rates

The premises are rated as shop and premises and have a rateable value of £17,250.

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction.

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