OFFICES
FOR SALE – 1,495 SQ FT/139 SQ MS APPROX
7A
DRYDEN COURT KENNINGTON LONDON SE11 4NH
NOW SOLD
Single floor and mainly open plan
space
Well located for serving and
access to central London, Waterloo and Elephant & Castle
Two parking spaces
Of interest to owner occupiers,
investors and developers
LOCATION
Dryden Court is
approached from Gilbert Road or Renfrew Road between Kennington Road
and Kennington Lane. It is convenient for access to Westminster and
the West End by way of Lambeth and Westminster Bridges and the
underground stations at Elephant & Castle (and mainline), Lambeth
North and Kennington are close by. Bars and restaurants are provided
in Kennington with more extensive shopping available at Elephant &
Castle.
DESCRIPTION
Self-contained and
single floor offices currently mainly in open plan and extending to
an approximate net internal area of 1,495 sq ft/139 sq ms.
Amenities include
suspended ceilings with inset lighting, central heating, security
alarm (by arrangement), staff area and separate toilets.
None of the amenities
or services have been tested.
TERMS
The offices are held on
a lease for 99 years from 28th September 1994 subject to a
current ground rent of £450 per annum exclusive.
The lease allows for a
conversion to one or two residential units subject to the head
leaseholder’s and freeholder’s consents and subject to any
planning consents required.
The asking price for
the lease is £375,000, subject to contract and net of any VAT.
The offices are
currently sublet to EP Consult Energies Limited for a term of five
years from 29th June 2012 at a rent of £18,000 per annum
exclusive. There is a mutual option to determine this sublease lease
at any time from 1st October 2012 upon four months prior
written notice having been given.
ENERGY PERFORMANCE
CERTIFICATE
The Energy Performance
Asset Rating is Band D 92. A copy of the Certificate is available
upon request.
OUTGOINGS
We are informed that
the current outgoings other than rent are:-
The rateable value is
£20,500. The rates payable for the current rating year are -
£9,655.50.
Building insurance and
service charge - £1,993.19 for the six months period from 25th
March 2014; however only £3,000 per annum is recovered from the
subtenant.
COSTS
Each party is to pay
its own costs in the matter.
VIEWING
By appointment only
with Frederick Holt & Company Limited.
Telephone: 020 7582
9375
September
2014
