Syndicate Type: Deferred Income
Asset Type: Warehouse
Property Address: Unit 2, 14-16 Verney Road, Southwark, London, SE16 3DZ
Tenant: Constantine Limited
Lease Expiry: 30/05/2027
Passing rent: £200,052
Verney road is located in South Bermondsey in the London borough of Southwark approximately 2.54 Miles South-East of the City and 3.5 Miles east of the West End. The property is locates to the south of Verney Road close to the junction between Old Kent Road (A2) and Rotherhithe New Road (A2208) and half a mile to the south of South Bermondsey Rail Station.
Unit 2, 14-16 Verney Road is situated to the rear of Verney Road adjacent to two other industrial units, one lease to Constantine Ltd and one which forms their owner occupied headquarters building. This is an established industrial location within inner London, the immediate area comprises a mixed, residential and commercial location.
The property comprises a single storey industrial unit of steel protal frame with a mono-pitch roof offering a clear internal eaves height of 5.5m rising to 6.7m at the rear of the unit. The tenants have carried out work a number of works including resealing the profile sheet clad roof, fitting of modern cladding to the front elevation, refurbishing the roller shutter doors, fitting new lighting and the installation of high level security system.