The property is detached and is essentially made up of two rectangle structures, the front part housing ancillary office accommodation of brick construction under a low pitched roof, and the rear structure being a high bay warehouse/industrial building part brick, part profile steel cladding, again with a pitched roof. The property is believed to have been constructed in the early 1980’s.
The height within the workshop warehouse is a minimum eaves height of 5.1 metres up to a maximum pitch height of 6.7 metres. The industrial area is served by 2 no. roller shutter loading doors each measuring 4.8 metres in width and 4.5 metres in height. Within the industrial area, there are some storage mezzanine floors, with the rest of the space being of a useful size and shape, and clear of any office space as the offices and toilet facilities are separately located within the front single storey building.
Internally the building has office accommodation to the front of the building, male and female toilet facilities, a kitchen facility. Both the offices and warehouse/workshop are lit by part fluorescent/part LED lighting.
Location
The subject property is situated within Station Road West located off Lysons Avenue the B3166, situated to the West of the road, where the premises are predominately made up of industrial units of mixed ages, and the East end of the road being dominated by an early 1980’s residential estate by the name of Avondale.
Beyond the confines of Station Road West, the vehicle access to the major road network is excellent via the A331 Blackwater Relief Road via Lysons Avenue. The A331 is well known for it’s convenient location to Junction 4 of the M3 Motorway to the North, and the A31 Farnham-Guildford Road to the South.
North Camp Station serving Reading and Guildford/Redhill is within walking distance, as is Ash Vale Station which has a London Waterloo service.
Accommodation
Measured on an approximate gross internal basis (GIA).
Industrial Area 753.59 m2 8,111 ft2
Single Storey Offices 304.20 m² 3,275 ft²
Lean-To Workshop 74.00 m² 796 ft²
Total Gross Internal Area 1,131.79 m2 12,182 ft2
Terms
FOR SALE
Our client’s ground lease interest in the premises is for sale with a guide of “Offers in the Region of £895,000”.
Our client owns a “rack rented” ground lease granted 1st June 1981 for a term of 125 years (approximately 81 years remaining) incorporating 5 yearly upward only (not downward) open market rent reviews, with the rent review based on 29% of the open market value of the property. The next rent review is due as from the 31st July 2027. The current ground rent is £33,996 per annum.
Please note that within the rent review mechanism, the property is to be valued on the basis of a 25 year lease which we believe will make it difficult for the landlord to justify future rent uplifts as 25 year leases are rarely taken within the current market, and for this type and size of building.
BUILDINGS INSURANCE
To be confirmed.
VAT
To be confirmed.
LEGAL COSTS
Each party to pay their own legal costs in the matter.
BUSINESS RATES
A rateable value of £116,000 which will equate to rates payable of approximately £58,000, however, we always recommend that interested parties speak to Guilford Borough Council for confirmation and/or more detailed information on 01483 505050.
ENERGY PERFORMANCE CERTIFICATE (EPC)
D-87
Specification
- DETACHED INDUSTRIAL PREMISES WITH GOOD PARKING/LOADING & EXTERIOR SPACE
- EAVES HEIGHT 5.1 METRES, PITCH HEIGHT 6.7 METRES
- 2 FULL SIZED ELECTRIC LOADING DOORS – WIDTH 4.8 METRES & HEIGHT 4.5 METRES
- POTENTIAL TO SPLIT THE BUILDING INTO TWO SEPARATE UNITS IF REQUIRED
- EXCELLENT POTENTIAL FOR VARIOUS TYPES OF INDUSTRIAL USERS