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124, Oakfield Road

Oakfield Road
Penge, SE20 8RQ

Use Class E

3,249 sq ft

£27,000

Use Class

E

Size

3,249 sq ft

Rent pa

£27,000

Last updated 18/02/2020
124
London Retail Showroom close to Penge West rail station
The property comprises a retail showroom of an ‘L’ shape configuration fronting Oakfield Road, immediately opposite to a Homebase store.

The property is arranged over two floors, with staff accommodation, offices and warehouse provided at first floor.
Penge is a commuter suburb located in the London Borough of Bromley, approximately 7.8 miles south east of the City of London.

The subject property occupies a prominent positon at the north end of Oakfield Road, close to its junction with the A234.

Penge West rail station is situated within walking distance to the north, with the areas primary retail thoroughfare located along High Street, approximately 0.4 miles to the east.

Accommodation

Accommodation details below:

Areas

sq ftsq m
Sales2,518233
Warehouse43039.9
Back of House30128

Financial

Lease Term

The property is held by way of a 15 year lease contracted within the security of tenure provisions of the Landlord & Tenant Act 1954, expiring 9th August 2025. The lease benefits from a tenant only break option effective 10th August 2020.

Rent

The passing rent of £27,000 per annum exclusive is subject an upwards only open market rent review effective 10th August 2020.

Offers are sought for an assignment of our client’s leasehold interest. A new lease may be available by negotiation.

Rates

Rateable Year:2018
Rateable Value:£27,250.00
Rates Payable:--
UBR:--

Last Updated

18/02/2020

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2021 Completely Property Technology Limited

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