5a to 5d Manor Way Woking Surrey GU22 9JX

  • 5a to 5d Manor Way<br>Woking<br>Surrey<br>GU22 9JX

5a to 5d Manor Way
Woking
Surrey
GU22 9JX

Well Located Industrial Investment

  • 4 Light Industrial Units each with Vehicle Access Loading Doors
  • Tenants trading as a MOT Test Centre, a Delivery Food Preparation Kitchen and a Concrete Testing Engineers
  • Approximately 6,629 sq ft (615.89 sq m)
  • Site Area of Approximately 0.115 Hectares (0.285 Acres) with a Site Coverage of 40%
  • Established Industrial Estate Location
  • VAT-Free Investment
  • Lot
    29
  • Auction
    9th May 2024
  • Rent
    Gross: £92,000 per Annum Exclusive
    Net: £84,500
    rising to £94,000 (3)(4)
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
  • Expand
  • Photos
  • Map

Well Located Industrial Investment

  • 4 Light Industrial Units each with Vehicle Access Loading Doors
  • Tenants trading as a MOT Test Centre, a Delivery Food Preparation Kitchen and a Concrete Testing Engineers
  • Approximately 6,629 sq ft (615.89 sq m)
  • Site Area of Approximately 0.115 Hectares (0.285 Acres) with a Site Coverage of 40%
  • Established Industrial Estate Location
  • VAT-Free Investment
  • Lot 29
  • Auction 9th May 2024
  • Rent Gross: £92,000 per Annum Exclusive Net: £84,500 rising to £94,000 (3)(4)
  • Status Withdrawn Prior
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees

Property Information

Location
Miles
1 mile south-east of Woking, 4 miles north of Guildford, 20 miles south-west of Central London
Roads
A247, B382, A3
Rail
Woking Railway Station (25 mins to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation

The property is situated on a well established industrial estate in a predominantly residential area approximately 1 mile south-east from Woking Town Centre.

Tenure

Leasehold. Held from Woking Borough Council for a period of 99 years from 29/09/1962 at a rent reserved of £7,500 per annum exclusive. A Deed of Variation to the lease provides for the rent to be reviewed on an upwards only basis every 5 years, to be the higher of the current rent or 10% of the open market rent achievable for the site. The 2023 rent review is currently outstanding.

Location
Miles
1 mile south-east of Woking, 4 miles north of Guildford, 20 miles south-west of Central London
Roads
A247, B382, A3
Rail
Woking Railway Station (25 mins to London Waterloo)
Air
London Heathrow Airport, London Gatwick Airport
Situation

The property is situated on a well established industrial estate in a predominantly residential area approximately 1 mile south-east from Woking Town Centre.

Tenure

Leasehold. Held from Woking Borough Council for a period of 99 years from 29/09/1962 at a rent reserved of £7,500 per annum exclusive. A Deed of Variation to the lease provides for the rent to be reviewed on an upwards only basis every 5 years, to be the higher of the current rent or 10% of the open market rent achievable for the site. The 2023 rent review is currently outstanding.

Description

The property comprises 4 steel portal framed industrial units. Each unit benefits from an eaves height of approximately 4m (13 ft) and a vehicle access loading door. The property also benefits from 24 marked car parking spaces and a site area of approximately 0.115 hectares (0.285 acres) with a site coverage of 40%.

VAT

VAT is not applicable to this lot.

Note

In accordance with Section 21 of the Estate Agents Act 1979 we declare that there is a personal interest in the property. The property is being sold by a member of staff within the Selling agents company.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises 4 steel portal framed industrial units. Each unit benefits from an eaves height of approximately 4m (13 ft) and a vehicle access loading door. The property also benefits from 24 marked car parking spaces and a site area of approximately 0.115 hectares (0.285 acres) with a site coverage of 40%.

VAT

VAT is not applicable to this lot.

Note

In accordance with Section 21 of the Estate Agents Act 1979 we declare that there is a personal interest in the property. The property is being sold by a member of staff within the Selling agents company.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review
(Reversion)
Unit 5A Ground
First
Industrial
Industrial
108.53
56.26
(1,168)
(606)
JGW & ABG LTD (CRN: 08845504) (t/a Arthurs Bridge Garage) 15 years from 30/09/2014
£20,000
12/05/2024
(29/09/2029)
Unit 5B Ground
Mezzanine
First
Industrial
Industrial
Industrial
106.64
17.85
53.76
(1,148)
(192)
(579)
AMPHO ARTISAN FOODS LIMITED (CRN: 12446259) 15 years from 05/04/2024 (2)
£24,000
05/04/2029 and 05/04/2034
(04/04/2039)
Unit 5C Ground
First
Industrial
Industrial
108.35
58.00
(1,166)
(624)
TESTING AND CONSULTANCY SERVICES LIMITED (CRN: 03673506) 5 years from 05/12/2022 (3)
£23,500 rising to £24,500 (3)
(04/12/2027)
Unit 5D Ground
First
Industrial
Industrial
109.00
53.76
(1,173)
(579)
TESTING AND CONSULTANCY SERVICES LIMITED (CRN: 03673506) 5 years from 05/12/2022 (4)
£24,500 rising to £25,500 (4)
(04/12/2027)
Total Approximate Floor Area    
672.15
(7,235)
   
£92,000 rising to £94,000 (3) (4)
 

(1) The above floor areas stated are from the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) As to unit 5B, the lease provides for a tenant option to determine the lease on 05/04/2029 and 05/04/2034 subject to 6 months notice
(3) As to unit 5C, the lease provides for a tenant option to determine the lease on 05/12/2025 subject to six months notice. In addition, the rent increases from £23,500 per annum exclusive to £24,500 per annum exclusive on 05/12/2025 until 04/12/2027.
(4) As to unit 5D, the lease provides for a tenant option to determine the lease on 05/12/2025 subject to six months notice. In addition, the rent increases from £24,500 per annum exclusive to £25,500 per annum exclusive on 05/12/2025 until 04/12/2027.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    14.05.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate AuctioneersAndrew Pollard 0208 546 0022andrewp@bonsors.com
Seller's Solicitors
Blanchards Bailey Bunbury House Stour Park
Blandford Forum
Dorset
DT11 9LQ
Kate Samuel 01258 483614Kate.Samuel@blanchardsbailey.co.uk

Useful Links

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

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