The property is held in an offshore Single Purpose Vehicle (SPV) which could be available by separate negotiation
Approximately 1/2 mile from M25 (Junction 9)
Nearby occupiers include Volvo and Honda Car Dealerships, Ashtead Plant Hire and BMG Automotive Parts
Lot 45
Auction 27th May 2010
Rent £88,000 per Annum
Status Withdrawn Post
Price
Sector Retail Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
19 miles south-west of Central London
5 miles north of Dorking
4 miles south-west of Epsom
Roads
A24, M25
Rail
Leatherhead Railway Station
Air
Gatwick
Situation
The property is well located approximately 1/2 mile west of the M25 (Junction 9) and situated adjacent to a Volvo Car Showroom on the north side of Barnet Wood Lane.
Tenure
Freehold.
Location
Miles
19 miles south-west of Central London
5 miles north of Dorking
4 miles south-west of Epsom
Roads
A24, M25
Rail
Leatherhead Railway Station
Air
Gatwick
Situation
The property is well located approximately 1/2 mile west of the M25 (Junction 9) and situated adjacent to a Volvo Car Showroom on the north side of Barnet Wood Lane.
Tenure
Freehold.
Description
The property, a substantial and modern building, comprises THREE CONTIGUOUS INDUSTRIAL UNITS, each benefiting from a roller shutter door and an eaves height of 6.9 metres (22' 7"). The property also benefits from parking for some 12 cars and a total approximate site area of 0.16 hectares (0.39 acres). VATVAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a substantial and modern building, comprises THREE CONTIGUOUS INDUSTRIAL UNITS, each benefiting from a roller shutter door and an eaves height of 6.9 metres (22' 7"). The property also benefits from parking for some 12 cars and a total approximate site area of 0.16 hectares (0.39 acres). VATVAT 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
Reviews
Ground
Industrial
696.07 sq m
(7,492 sq ft)
HOWDEN JOINERY PROPERTIES LTD (1)
20 years from 24/06/2001 until 2021 on a full repairing and insuring lease
£88,000
24/06/2011 and 5 yearly
Total Floor Area
696.07 sq m
(7,492 sq ft)
(1) Howdens operate from over 444 depots and employ approximately 6,500 staff. (Source: www.galiform.co.uk). For the year ending 27th December 2008, Howden Joinery Properties Ltd reported a turnover of ??30,057,000, pre-tax profits of ??436,000 and a net worth of ??823,000. Howden Joinery Properties Ltd is a subsidiary of Galiform plc. (Source: www.riskdisk.com 28/03/2010)
