Industrial Investment for Auction Surrey RH9

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Auction date: Tue, 09/07/2024 - 12:00

Guide Price £3,750,000 - £3,950,000. Substantial freehold trade and retail investment. A trade and retail builders' merchant with associated yard and buildings totalling 25,639 sq ft, covering approximately 1.82 acres (0.74 ha). The property comprises a two-storey building providing sales and ancillary accommodation arranged on the ground and first floors. There is also an attached and interlinking modern, two-storey steel portal frame building behind, together with a single-storey warehouse. The site benefits from a large, secure rear yard used for car parking, storage and retail display of building materials. Lease expires July 2029 (subject to option) - Tenant option to renew in January 2029. Important rent review July 2024 - Notice served at £345,000 pa. Future development potential (subject to lease and consents). Extensive site with a low site coverage of 23%. VAT-free investment. Affluent location. Rent £280,000 per annum exclusive. 

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