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Industrial Investment, Units 21, 23 & 25 Ormside Way, Redhill, RH1 2LW
13,577 Sq Ft / Industrial / Investment
Sold - Last updated: 16 November 2021
The property comprises the eastern half of a 6 bay terrace of industrial / warehouse units of steel portal frame construction built in the mid 1980’s, together with the Ormside Way spur estate roads off the main north south access road through the estate.
Unit 21 offers a complete bay and is single storey throughout with the exception of a small element of offices and ancillary at mezzanine level. There is a trade counter frontage and rear loading.
Units 23 and 25 are constructed back to back each extending over two bays, have higher office and ancillary content at mezzanine level and front loading only.
Location
The established Holmethorpe Industrial Estate, is located within approx. 1 mile to the north east of Redhill town centre and mainline rail station. The property is situated on the western side of Ormside Way, the main access road onto the Holmethorpe Estate from the A23 London Road via Battlebridge Lane. Redhill rail station provides fast and regular services to the south coast, Gatwick Airport and Central London. Gatwick Airport is within 10 miles to the south via the A23 and the M25, 3 miles to the north west at Junction 8 and 7 miles east at junction 6.
Accommodation
Unit 21 - 3,475 sq ft
Unit 23 - 5,457 sq ft
Unit 25 - 4,645 sq ft
Total - 13,577 sq ft
Terms
Guideline price £XXX million (2 million two hundred thousand pounds) subject to contract and exclusive of VAT which reflects a Net Initial Yield of 5.56% assuming purchaser’s costs of 6.33%.
TENURE
Freehold For Sale as one lot including the roadway over which there are 21 properties having rights of way and with equal responsibility and liability to the maintenance and upkeep.
EPCS
Unit 21 – C58
Unit 23 – D88
Unit 25 – D85
LEGAL COSTS
Each party is responsible for their own costs involved in the transaction.
VAT
VAT is applicable to the sales of Units 21 and 25 only.
For a detailed view of the tenancy schedule which includes Tenant, Lease Term, Expiry/Break Option, Rent Review & Passing Rent, Please view attached brochure
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