12,064 sq ft
Warehouse & Industrial, Investment Property
|Property Type||Warehouse & Industrial, Investment Property|
|Size||12,064 sq ft|
|Energy Performance Rating||Upon enquiry|
Salfords Insdustrial Estate is located off the (Bonehurst Road) in Surrey, between the towns of Redhill and Crawley. Junctions 7 and 8 of the M25 are situated approximately 9 miles to the north of the estate and junction 9 of the M23 approximately 5 miles to the east. The M23 offers excellent access to both Gatwick airport and the further M25 network. The estate is approximately 3 miles south of Redhill town centre. Salfords train station is located within easy walking distance of the industrial estate and provides fast and direct rail services into London Victoria (45 minutes) as well as Gatwick airport (7 minutes).
Unit 6 is a well presented modern warehouse property with associated office accommodation. The building's warehouse benefits from good eaves height, a solid concrete floor and two full height electric loading doors. the property is provided with onsite parking as well as a yard/loading area at the front of the building.
|Floor||Sq m||Sq ft|
|Ground Floor Office/ancillary||156.3||1,682|
|Ground Floor Warehouse||651.92||7,018|
|1st Floor Offices||156.3||1,682|
|2nd Floor Offices||156.3||1,682|
The above floor areas are expressed on a GIA basis
Offers invited sought in the region of £2,100,000 subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 5.64% and a reversionary yield of 6.27%.
The premises are tenanted by Fusion Partitions Limited who have occupied the building since 2015. The salient lease points are: • FRI Lease between AK Property Developments Ltd and Fusion Partitions Ltd • Current lease expires 30 December 2019 at a current passing rent £126,000 per annum, excl. • A new reversionary lease has been signed by the parties. The new lease will start from expiry of the current lease for a term of 5 years with tenant break option after year 3 at a new rent of £140,000 p.a. excl. Fusion Partitions is one of the UK’s leading commercial partitioning suppliers and was founded in 2011. Fusion Partitions company number 07472594