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
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.
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
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.
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.
