Entirely let to Wolseley UK Ltd on a 25 year lease until 2025 (subject to option)
Prominent corner position on Portsmouth Road (B2215) leading directly to the A3
Approximate site area of 0.22 hectares (0.54 acres)
Benefits from excellent communication links with the A3 and M25 (Junction 10)
Six Week Completion Available
Lot 13
Auction 6th December 2012
Rent £98,500 per Annum Exclusive
Status Sold Prior
Price
Sector Trade Counter/Builders Merchants
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of The Co-operative Estates
Property Information
Location
Miles
4.8 miles north-east of Guildford, 15 miles south-west of Kingston upon Thames, 25 miles south-west of Central London
Roads
A3, A247, M25 (Junction 10)
Rail
Clandon Railway Station
Air
London Heathrow, London Gatwick
Situation
The property is situated in a prominent position on the southern side of Portsmouth Road (B2215) some 100 metres from the A247 and less than 900 metres to the A3 which leads directly into Central London. The surrounding area offers office and residential property with a Shell Petrol Station immediately adjoining the property.
Tenure
Freehold.
Location
Miles
4.8 miles north-east of Guildford, 15 miles south-west of Kingston upon Thames, 25 miles south-west of Central London
Roads
A3, A247, M25 (Junction 10)
Rail
Clandon Railway Station
Air
London Heathrow, London Gatwick
Situation
The property is situated in a prominent position on the southern side of Portsmouth Road (B2215) some 100 metres from the A247 and less than 900 metres to the A3 which leads directly into Central London. The surrounding area offers office and residential property with a Shell Petrol Station immediately adjoining the property.
Tenure
Freehold.
Description
The property comprises a purpose built ground floor trade counter/warehouse unit. The property benefits from a secure yard to the rear, a separate customer car parking area with space for approximately 10-15 cars and a total approximate site area of 0.22 hectares (0.54 acres).
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 a purpose built ground floor trade counter/warehouse unit. The property benefits from a secure yard to the rear, a separate customer car parking area with space for approximately 10-15 cars and a total approximate site area of 0.22 hectares (0.54 acres).
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
Reviews
Ground
Trade Counter/ Warehouse
938.80 sq m
(10,106 sq ft)
WOLSELEY UK LTD (1)
25 years from 25/03/2000 until 24/03/2025 on a full repairing and insuring lease (2)
£98,500
25/03/2015 and 25/03/2020
Totals
938.80 sq m
(10,106 sq ft)
£98,500
(1) Wolseley UK Limited is the UK operating company of Wolseley plc, the world’s number one distributor of heating and plumbing products and a leading supplier of builders’ products to the professional market. (www.wolseley.co.uk) For the year ending 31st July 2011, Wolseley UK Limited reported a turnover of £1,906,668,000, pre-tax profits of £1,987,000 and a total net worth of £945,541,000. (Source: www.riskdisk.com 09/11/2012) (2)The lease provides for a tenant option to determine on 24th March 2016. (3)In addition there is a further 5,020 sq ft mezzanine level that is a tenants improvement.
Contacts
Seller's Solicitors
Weightmans Solicitors Pall Mall Court, 61-67 King Street Manchester M2 4PD
