Sydenham is a well located suburban district approximately 6 miles south east of Central London, surrounded by Lewisham, Crystal Palace and Croydon falling within the boroughs of Lewisham, Bromley and Southwark.
Road communications are excellent with the A212 providing quick access to the South Circular approximately 1.5 miles north, acting as the main thoroughfare for the adjoining areas of Lewisham, Croydon, Bexley and Greenwich. Access into Central London is provided by the A21/A20 via Catford. The A21/A212 provides quick access south to Bromley and Croydon and further afield to the M25 via the A21 to Junction 4 and A23 to Junction 7.
Sydenham is located within Zone 3 and is served by three rail stations: Sydenham Hill to the north, Sydenham located centrally and Lower Sydenham to the east. The stations benefit from a variety of services including London Overground, Southeastern and Southern Rail, providing direct links to London Bridge, London Cannon Street, London Charing Cross and London Victoria stations.
London Heathrow, Gatwick and City Airports are all within 25 miles of Sydenham, with Tilbury Docks the nearest port approximately 28 miles to the north east accessed via the South Circular.
The property comprises 11 high quality units ranging from 3,070 - 16,991 sq ft, arranged in 3 separate terraces with individual demised yards and car parking areas.
The estate offers modern and high quality accommodation following its construction in 2014. The units are of steel portal frame construction with steel profile sheet cladding and pitched roofs incorporating roof lights. Internally, the units benefit from an eaves height of circa 6.5m, up and over shutter doors and WC facilities. Each tenant has fitted out their unit according to specific business needs under licence.
Long Leasehold. Trade City, Sydenham is to be sold on a 999 year lease from 9 July 2014 at a peppercorn rent. Further information is available on request.
Trade City, Sydenham is fully let to 8 tenants and provides a total passing rent of £673,477 per annum, which equates to a low passing rent of £12.26 psf.
The property is elected for VAT and the transaction will be treated as a TOGC.
Offers in excess of £13,290,000 (Thirteen Million, Two Hundred and Ninety Thousand), subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 4.75%, assuming purchaser's costs of 6.72% and a capital value of £242 per sq ft.