Unit 2, IO Centre, Salbrook Industrial Estate, Salfords, Redhill, RH1 5GJ
High Quality Industrial Investment For Sale on the established and popular Salbrook Industrial Estate
Unit 2, IO Centre, Salbrook Industrial Estate, Salfords, Redhill, RH1 5GJ Location The unit is situated in a modern development which was constructed in 2008 and is located on Salbrook Road. The site is 5 miles from Gatwick Airport, 6 miles from J8 of the M25, 4 miles from J9 of the M23 and 8 miles from Crawley.
Description The unit is of steel portal frame with metal clad elevations. Unit 2 is an end of terrace unit forming part of a larger scheme of thirty warehouse units on a gated estate. The unit provides a mixture of ground floor warehousing, first floor offices plus mezzanine office/storage.
Amenities Accommodation sq ft (GIA) GROUND FLOOR WAREHOUSE FIRST FLOOR OFFICES TOTAL MEZZANINE OFFICE / STORAGE (non authorised)
sq m (GIA)
3,908
363.04
685
63.66
4,593
426.70
546
50.76
Full Height Roller Shutter Door (4m x 5.5m) 3 Phase Electricity Minimum Eaves 7m Sodium Lighting 6 Car Parking Spaces Fully Fitted First Floor Offices Gas and Electric Heating (Offices only)
Unit 2, IO Centre, Salbrook Industrial Estate, Salfords, Redhill, RH1 5GJ
Redhill Approx 3 Miles
RDO Kitchen Appliances
Zeltiq
Fusion
Bytec Group Ltd
Arcadia Products Plc
Reigate Garden Centre Photo-Me Plc
Surrey Police
Gatwick Airport Approx 3.6 Miles
Unit 2, IO Centre, Salbrook Industrial Estate, Salfords, Redhill, RH1 5GJ Terms
Covenant:
The premises is let to Softline UK Limited on a 5 year full repairing and insuring lease (subject to schedule of ingoing condition) from 3 August 2012 at a passing rent of £36,736 per annum, expiring 2 August 2017. The tenant had a break option in July 2015 but chose not to operate it.
We have summarised below some financial details of the tenant, which are for information purposes only. Purchasers are advised to make their own enquiries as to the financial standing of the tenant.
The lease is outside the security of tenure provision of the Landlord & Tenant Act 1954.
Softline UK Limited are a technology hardware distributor with customers such as Amazon, John Lewis and Microsoft.
Price
31 Dec 2013
Freehold: £578,500 plus VAT which reflects a yield of 6.0% after taking into account purchaser’s costs of 5.8%
VAT The property is elected for VAT so VAT will be charged on the quoting terms. The vendors will welcome a sale by way of a TOGC
Turnover
31 Dec 2014
£5,014,404
£10,469,067
Pre-Tax Profit
£124,742
£58,621
Total Net Worth
£807,063
£865,684
EPC
SUBJECT TO CONTRACT – 19 February 2016 Stiles Harold Williams prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Stiles Harold Williams will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Stiles Harold Williams may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. NOT
Viewing Strictly by appointment with the vendor’s agents Stiles Harold Williams Crawley Office: Sterling House, High Street, Crawley, RH10 1GE Brighton Office: One Jubilee Street, Brighton, East Sussex BN1 1GE Laura Miles Direct Line: 01293 441339 Mobile: 07947 373275 Email:
[email protected] Nick Bradbeer Direct Line: 01273 876220 Mobile: 07850 605770 Email:
[email protected]