Former Batemans Laboratories Catteshall Lane Godalming Surrey GU7 1LD

Former Batemans Laboratories
Catteshall Lane
Godalming
Surrey
GU7 1LD

Freehold Industrial Investment with Redevelopment Potential

Let to Vision Express (UK) Ltd on assignment
Residential Redevelopment Potential (subject to consents)
Affluent commuter market town
Approximate site area of 0.227 hectares (0.56 acres)
Includes car parking

Lot
40
Auction
9th July 2014
Rent
£80,200 per Annum Exclusive
Status
Sold
Price
£865,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Industrial Investment with Redevelopment Potential

Let to Vision Express (UK) Ltd on assignment
Residential Redevelopment Potential (subject to consents)
Affluent commuter market town
Approximate site area of 0.227 hectares (0.56 acres)
Includes car parking

Lot 40
Auction 9th July 2014
Rent £80,200 per Annum Exclusive
Status Sold
Price £865,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 33 miles south-west of Central London, 4 miles south of Guildford
Roads: A3100, A3, A31, M25 (Junction 10)
Rail: Godalming Rail Station
Air: London Heathrow Airport, London Gatwick Airport

Situation

Godalming is a historic market town situated in the affluent commuter belt of Surrey. The property is situated on the north side of Catteshall Lane at its junction with Douglas Drive. Adjacent to the property is the substantial Linden Homes Riverside development of 147 residential dwellings and the Sainsbury’s Supermarket major redevelopment.

Tenure

Freehold.

Location

Miles: 33 miles south-west of Central London, 4 miles south of Guildford
Roads: A3100, A3, A31, M25 (Junction 10)
Rail: Godalming Rail Station
Air: London Heathrow Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial light industrial building with approximately 50% used as offices. The property benefits from an approximate site area of 0.227 hectares (0.56 acres) and car parking for approximately 23 cars.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

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	Review/(Reversion)
Ground	Light Industrial and Offices	1,146.78 sq m	(12,344 sq ft)	VISION EXPRESS (UK) LIMITED (1) (2)	10 years from 28/02/2006	£80,200	25/03/2011 (27/02/2016)
Totals		1,146.78 sq m	(12,344 sq ft)			£80,200

(1) For the year ending 31st December 2013, Vision Express (UK) Limited reported pre-tax profits of £395,000 and a total net worth of £56,065,000. (Source: www.riskdisk.com 11/06/2014)
(2)The tenant is not currently in occupation.