Petts Wood Road, Petts Wood, Orpington, BR5 1LG

Property Details: • Type: Workshop • Tenure: N/A • Floor Area: N/A

Key Features: • B1 Office use only • 754 Square Foot • Business Rates £2644 For 2023/24 • £15,000 Per Annum • VAT Not Applicable • Business Rate Relief May be Available • Empty Premises • 10 Year Lease With 5 Year Break Clause • Use: Offices, Not financial or professional Research & development or Light Industry • New Full Repairing & Insuring Lease

Location: • Nearest Station: Petts Wood Station • Distance to Station: 0.1 miles

Agent Information: • Address: 199 Southborough Lane, Bromley, BR2 8AR

Full Description: The property at 172a Petts Wood is accessible via a service road from Woodlands Way and features a purpose-built office. This traditional brick structure has rendered elevations under a flat roof and includes an external forecourt with parking space. Entry is through a private lobby and staircase, leading to an interior that houses three office spaces, a bathroom, and a kitchen.Office use Only. Occupied between 9am - 6pm Monday- Friday.B1 office use is a business use class that includes offices, research and development, and light industry: • Offices: This includes any office that is not a financial or professional service (A2)• Research and development: This includes the development of products and processes• Light industry: This includes any light industrial process that can be carried out in a residential area without causing a negative impact on the areaB1 is a class of the Use Classes Order, which is a set of rules that govern what types of businesses can be operated in a given area. Other classes of business use include B2 (general industrial use) and B8 (storage or distribution). Before negotiating to occupy commercial premises, it is recommended to seek professional advice as the classes are described in general terms. The Petts Wood Railway Station, situated a mere 150 metres from the property and within Zone 5, offers direct commuter services to both London and Sevenoaks.Petts Wood, a sought-after suburb within the London Borough of Bromley, lies approximately 12 miles south of central London. The area boasts excellent road connectivity, with the M25 London orbital and the A20 just a 15-minute drive away. Petts Wood Road serves as the main thoroughfare, connecting Chislehurst to the north and Orpington to the south. The property is available for lease on a new full repairing and insuring basis (via service charge) for a term to be agreed upon, starting at a rent of £15,000 (fifteen thousand pounds) per annum, exclusive of other charges.According to the Valuation Office Agency (VOA) website, the rates payable for the premises are £2,644.70 for the 2023/24 assessment. Prospective tenants might be eligible for 100% relief from Business Rates payment through the small business rate relief incentive. For further information, they should reach out to the Business Rates Department of the London Borough of Bromley.Our clients have informed us that under the current legislation, VAT will not be applicable to rental and service charge amounts. Council tax band: Not Required