Units 1 & 2/3, 55 Central Avenue West Molesey Surrey KT8 2QZ

  • Units 1 & 2/3, 55 Central Avenue<br>West Molesey<br>Surrey<br>KT8 2QZ

Units 1 & 2/3, 55 Central Avenue
West Molesey
Surrey
KT8 2QZ

Freehold (and Virtual Freehold) Industrial Investment

  • Majority let to Chelsea Technologies Group Limited (with guarantee)
  • Chelsea Technologies in occupation for at least 20 years
  • Units 2/3 approximately 1,592.32 sq m (17,140 sq ft)
  • Situated on established industrial estate
  • Nearby occupiers include Lock & Leave, IPS Specials, TileCo Group and Seat
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    13
  • Auction
    12th February 2015
  • Rent
    £75,050 per Annum Exclusive
  • Status
    Sold
  • Price
    £890,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Interested?
  • Expand
  • Photos
  • Map

Freehold (and Virtual Freehold) Industrial Investment

  • Majority let to Chelsea Technologies Group Limited (with guarantee)
  • Chelsea Technologies in occupation for at least 20 years
  • Units 2/3 approximately 1,592.32 sq m (17,140 sq ft)
  • Situated on established industrial estate
  • Nearby occupiers include Lock & Leave, IPS Specials, TileCo Group and Seat
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 13
  • Auction 12th February 2015
  • Rent £75,050 per Annum Exclusive
  • Status Sold
  • Price £890,000
  • Sector
    Industrial, Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
4 miles south-west of Kingston-upon-Thames
7 miles south-west of Richmond
14 miles south-west of Central London
Roads
A308, M3 (Junction 1), M25 (Junction 11)
Rail
Hampton Court Rail Station (Approximately 35 minutes direct to London Waterloo)
Air
London Heathrow Airport
Situation

The property is situated on West Molesey Industrial Estate, an established industrial/trade counter area within the M25, 14 miles south-west of Central London. West Molesey Industrial Estate is located off Walton Road and Molesey Road between Hampton Court and Walton-on-Thames, to the east of Junction 1 of the M3.
The property is well located on the west side of Central Avenue, the main arterial road through the industrial estate. Nearby occupiers include Lock & Leave, IPS Specials, TileCo Group and Seat.

Tenure

Freehold. Freehold and Virtual Freehold for a term of 999 years from 15th October 1992 at a peppercorn rent.

Location
Miles
4 miles south-west of Kingston-upon-Thames
7 miles south-west of Richmond
14 miles south-west of Central London
Roads
A308, M3 (Junction 1), M25 (Junction 11)
Rail
Hampton Court Rail Station (Approximately 35 minutes direct to London Waterloo)
Air
London Heathrow Airport
Situation

The property is situated on West Molesey Industrial Estate, an established industrial/trade counter area within the M25, 14 miles south-west of Central London. West Molesey Industrial Estate is located off Walton Road and Molesey Road between Hampton Court and Walton-on-Thames, to the east of Junction 1 of the M3.
The property is well located on the west side of Central Avenue, the main arterial road through the industrial estate. Nearby occupiers include Lock & Leave, IPS Specials, TileCo Group and Seat.

Tenure

Freehold. Freehold and Virtual Freehold for a term of 999 years from 15th October 1992 at a peppercorn rent.

Description

The property comprises two light industrial units (Unit 1 sold on a 999 year lease) with Units 2/3 comprising a ground floor warehouse and ancillary accommodation.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises two light industrial units (Unit 1 sold on a 999 year lease) with Units 2/3 comprising a ground floor warehouse and ancillary accommodation.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is 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 Reversion
Ground
(Units 2/3)		 Warehouse/
Ancillary
1,592.32 sq m
(17,140 sq ft)
 CHELSEA TECHNOLOGIES
GROUP LIMITED (1)
guaranteed by Chelsea
Technologies Limited (2)		 5 years from 25/12/2012 on a full repairing and
insuring lease (3)		 £75,000 24/12/2017
Ground
(Unit 1)		 Warehouse/
Ancillary
–
(–)
 PE ALDERSON & RG
ALDERSON (c/o Brunel
Trustees Limited)		 999 years from 15/10/1992 Peppercorn  
Sub-Station  
–
(–)
 SOUTH EASTERN POWER NETWORKS PLC 99 years from 17/09/1987 £50  
Totals  
1,592.32 sq m
(17,140 sq ft)
     £75,050

(1) Established for more than 50 years, Chelsea Technologies Group (CTG) specialise in the design and manufacture of a range of sensors & systems for the marine, environmental, defence, homeland security & industrial process control markets (Source: www.chelsea.co.uk)
(2)For the year ending 31st March 2014, Chelsea Technologies Group Limited reported a total net worth of £1,093,972. (Source: www.riskdisk.com 19/12/2014)
(3)The lease is subject to a photographic schedule of condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Harbottle Lewis 14 Hanover Square
London
W1S 1HP
Robert Reilly 0207 667 5117robert.reilly@harbottle.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?