Paramount House Business Centre Delta Way Egham Surrey TW20 8RX

Paramount House Business Centre
Delta Way
Egham
Surrey
TW20 8RX

Freehold Modern Office Investment

  • Strategically located close to M3, M25 and Heathrow Airport
  • Rare opportunity to acquire freehold office in popular and affluent Surrey town
  • To be entirely let to True Holdings (Dorking) Limited
  • New 15 year lease from completion (subject to mutual options)
  • Approximately 14,646 sq ft NIA (16,395 sq ft GIA) (3)
  • Opportunity to increase Net Lettable Area within building
  • Refurbishment programme carried out in 2014
  • Lot
    37
  • Auction
    7th December 2017
  • Rent
    £225,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
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  • Map

* More information on the term "guide" can be found here

Freehold Modern Office Investment

  • Strategically located close to M3, M25 and Heathrow Airport
  • Rare opportunity to acquire freehold office in popular and affluent Surrey town
  • To be entirely let to True Holdings (Dorking) Limited
  • New 15 year lease from completion (subject to mutual options)
  • Approximately 14,646 sq ft NIA (16,395 sq ft GIA) (3)
  • Opportunity to increase Net Lettable Area within building
  • Refurbishment programme carried out in 2014
  • Lot 37
  • Auction 7th December 2017
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles north of Guildford, 13 miles north-west of Leatherhead
Roads
M3 (Junction 2), M4 (Junction 4B), M25 (Junction 12)
Rail
Egham Railway Station
Air
London Heathrow Airport
Situation

The property is located in Thorpe Industrial Estate, about 1.5 miles south of Egham town centre and Railway Station. The property, which is accessed via Thorpe Bypass and Ten Acre Lane, benefits from excellent communications, with access to both M25 and M3 motorways less than one mile away and Heathrow Airport lying less than five miles to the north-east. Other occupiers on the estate include Royal Mail, Brakes Group, Howdens Joinery, Maranello and Northgate Vehicle Hire. Thorpe Industrial Estate has seen a number of new developments in recent years.

Tenure

Freehold.

Location
Miles
8 miles north of Guildford, 13 miles north-west of Leatherhead
Roads
M3 (Junction 2), M4 (Junction 4B), M25 (Junction 12)
Rail
Egham Railway Station
Air
London Heathrow Airport
Situation

The property is located in Thorpe Industrial Estate, about 1.5 miles south of Egham town centre and Railway Station. The property, which is accessed via Thorpe Bypass and Ten Acre Lane, benefits from excellent communications, with access to both M25 and M3 motorways less than one mile away and Heathrow Airport lying less than five miles to the north-east. Other occupiers on the estate include Royal Mail, Brakes Group, Howdens Joinery, Maranello and Northgate Vehicle Hire. Thorpe Industrial Estate has seen a number of new developments in recent years.

Tenure

Freehold.

Description

The property was occupied by Enterprise Rent-A-Car as their European HQ for ten years. It comprises a standalone office currently being used as a business centre/serviced offices. The property is arranged over ground and first floors and has been configured to provide 20 serviced office suites. A refurbishment programme was carried out in 2014. The offices benefit from suspended ceilings, recessed lighting and comfort cooling along with parking for approximately 47 cars to the front and the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property was occupied by Enterprise Rent-A-Car as their European HQ for ten years. It comprises a standalone office currently being used as a business centre/serviced offices. The property is arranged over ground and first floors and has been configured to provide 20 serviced office suites. A refurbishment programme was carried out in 2014. The offices benefit from suspended ceilings, recessed lighting and comfort cooling along with parking for approximately 47 cars to the front and the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground

First
Reception/
Offices
Offices
872.90 sq m

487.70 sq m
(9,396 sq ft)

(5,250 sq ft)
TRUE HOLDINGS
(DORKING)
LIMITED (1)
15 years from
completion (2) on
a full repairing and
insuring lease
£225,000 5 yearly
Totals
1,360.60 sq m
(3)
(14,646 sq ft)
(3)
    £225,000  

(1) For the year ending 31st December 2016, True Holdings (Dorking) Limited reported a turnover of £1,553,219, profits of £259,262 and net assets of £4,709,679 (Source: Annual Report and Financial Staement Co. No. 69704 (Jersey)).
(2) The lease will provide for landlord and tenant options to determine at the fifth and tenth anniversary of the commencement of the term. The lease will be contracted outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act.
(3) Whilst the floor area for the building as currently arranged is approximately 14,646 sq ft, the Gross Internal Floor Area is approximately 16,395 sq ft.

NB: The property is sublet to a number of licencees, including PNC Global Logistics and Contras International. In November 2017, the total gross revenue is £27,076 pcm (£324,906 pa) with an occupancy rate of approximately 86% by floorspace. Occupancy rates have not been lower than 80% since September 2015, having opened as a business centre/serviced office in September 2014. Please see the legal pack for comprehensive occupation reports.

Property Documents

  • Site Plan
    Updated Date
    01.11.19
    File Size
    804 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Newmanor Law 1 Royal Exchange Avenue
London
City of London
EC3V 3LT
Karen Mason 020 7464 4081Karen.mason@newmanor.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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