RUSSELL HOUSE MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ - INDUSTRIAL INVESTMENT WITHIN THE M25 FOR SALE - Allsop
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RUSSELL HOUSE
MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ
INDUSTRIAL INVESTMENT
WITHIN THE M25 FOR SALE
RUSSELL HOUSE
MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ
HERSHAM STATION
Outline for indicative purposes only.
INDUSTRIAL INVESTMENT WITHIN THE M25 FOR SALE
RUSSELL HOUSE
MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ
INVESTMENT CONSIDERATIONS
Industrial building extending to circa 23,031 sq ft NIA providing Fully let to various tenants producing £193,238 per annum which reflects
51 car parking spaces £8.39 per sq ft
Situated in an established industrial area in the affluent London suburb Located approximately 0.2 miles from Hersham Train Station
of Walton-on-Thames
Offers invited in excess of £2,500,000 (Two Million and Five Hundred
Nearby tenants include Travis Perkins (adjacent), Screwfix, Howdens, Thousand Pounds) for the freehold interest, which reflects a net initial
Tool Station and Tesco yield of 7.27% representing £109 per sq ft on the net internal area
INDUSTRIAL INVESTMENT WITHIN THE M25 FOR SALE
A4142 Thame
M10 A414
A420 J21
A404 Chesham Epping Ch
A4010 J20
J23 O
J25
J19 M25 J27
High Borehamwood
M25 Watford A1 Enfield
Wycombe A355
RUSSELL HOUSE Beaconsfield
M1 M11
Woodford
MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ A413 Green
Harefield
M40 J2 A10
A404
A12
Marlow Ruislip
J16 Hampstead Romford
LONDON
Wembley
Uxbridge A40
Hurley Maidenhead
A34
SLOUGH A13
A404(M) Southall London
Eton J15
M4 City
Windsor Hounslow A2
READING Heathrow Clapham
M4 Dartford
A329(M) Egham Ashford
Bracknall Kingston
A20
Upon Thames
Ascot J12
Bromley
A23
M3 J3
A322
Croydon
WALTON-ON-THAMES A232 A21
Sutton M25
Sandhurst M25
Epsom
J10
Woking A217
Biggin Hill
A339
A22
D J9 J5
M3 A
O
BASINGSTOKE RFleet
M25
EN A331 A3
D J8 J7 J6
A34 RY D
Oxted
Aldershot A Reigate
O GUILDFORD
R
CLICKR FOR STREET VIEW ST
Dorking Redhill
Famham H
U A2
N A24
A
O
R
M
Godalming M23
A303 N Horley
Esher Rugby
Royal
Football Club Gatwick Tunbridg
Alton Witley
Cranleigh Wells
A31 Crawley
Three Bridges
A264
D
ROA
Horsham
EY
L ES
MO
LYON ROAD
A23 Haywards
W Heath
AL
TO W
N AL
PA TO
R K N
PA
R K
LA
N
E
D Hersham Golf Club
ROA Hersham Station
LEY
L IN D
LOCATION SITUATION
Walton-on-Thames is a market town in the Elmbridge borough of Surrey. The property is situated east of Molesey Road
The town is located 17 miles south west of central London and 5 miles opposite the Esher Rugby club, in an established
west of Kingston-upon-Thames. industrial area, some 2 miles east of the town centre.
The town has excellent communication links, with the A3 located Occupiers within the estate include Travis Perkins
approximately 2 miles to the south which in turn leads to the M25 (adjacent), Screwfix, Tool Station, Storage Mart,
(jct 20) a short distance to the south west. In addition, the M3 (jct 1) Howdens and a Tesco express amongst other
is some 3.7 miles to the north of the town, which links Surrey and the national and independent businesses.
South West.
Railway services are provided from Walton-on-Thames rail station, some
1.5 miles south of the town centre which provides services to London
Waterloo with a fastest journey time of 24 minutes. Hersham Station is
situated approximately 0.2 miles south of the property providing regular
services to London Waterloo with a fastest journey time of 34 minutes.
Outline for indicative purposes only.
INDUSTRIAL INVESTMENT WITHIN THE M25 FOR SALE
RUSSELL HOUSE
MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ
UNIT 7 UNIT 6
© Crown Copyright, ES 100004106. For identification purposes only.
UNIT 1
DESCRIPTION
The existing property comprises of predominantly Industrial
space which extends to circa 23,031 sq ft over ground
and first floors and we understand the existing use of
the property to be class E(g).
There is vehicular and pedestrianised access to the site
is via Moseley Road, with car parking facilities on the
forecourt (14 spaces) as well as an additional carpark
at roof level (37 spaces), accessed via a ramp on the
eastern side of the site.
The property benefits from a ceiling height of 3m on both
floors and the internal partitioning can be removed to
create two open clear floors of circa 9,600 sq ft each if
required. There is a further extension to the rear (Unit 7)
providing additional ground floor space.
The property has two loading bay access points, one
for the ground floor on the north side of the site and
one located on the vehicle ramp for the first floor.
SITE AREA
0.57 acres (0.23 hectares).
INDUSTRIAL INVESTMENT WITHIN THE M25 FOR SALE
RUSSELL HOUSE
MOLESEY ROAD, WALTON-ON-THAMES KT12 3PJ
TENURE
Freehold.
SCHEDULE OF ACCOMMODATION & TENANCIES
The property is fully let to 6 tenants on 7 FRI leases and currently produces £193,238 per annum and offers potential for future rental growth by way of asset management. See below the full tenancy schedule.
Unit Floor Tenant Sq ft Lease Start Expiries/Breaks Rent £ pa Rent £ psf Comments
Unit 1 First Floor Zed Tunnel Guidance Ltd 296 21/12/2012 20/12/2022 £31,562 £10.65
Unit 2 & 5 Ground & First Floor Blackfast Chemicals Ltd 3,190 15/07/2015 14/07/2022 £31,089 £9.74 10 car spaces. Rent deposit £13,408.75 + VAT.
Unit 2a & 2b First Floor Automatic Optical Test Ltd 511 09/08/2019 12/22/2022 £3,320 £6.02 Outside L&T Act.
(12/22/2020) Tenant has exercised break option.
Unit 3a First Floor Zed Tunnel Guidance Ltd 349 26/01/2017 20/12/2022 £3,091 £8.85 Outside L&T Act.
Unit 3b, 4 & 8 First Floor Armour Home Electronics Ltd 3,473 06/11/2018 20/12/2022 £41,676 £12.00 Rent deposit of £10,419 + VAT.
Outside L&T Act.
S/C cap £12,155 pa.
Unit 6 Ground Floor Interior Fabrics Ltd 6,838 20/11/2017 19/11/2022 £60,000 £8.77 £36,000 rent deposit drawn down 18/5/20.
Outside L&T Act.
14 car park spaces.
S/C cap £34,190 (rises annually in line with CPI).
Unit 7 Ground Floor S & C Brewell t/a G S Precision 5,706 25/12/2012 24/12/2022 £22,500 £3.94
Total 23,031 £193,238
The tenants are fully up to date in regards to rent payments as of September Quarter Date.
INDUSTRIAL INVESTMENT WITHIN THE M25 FOR SALE
EPCs VAT
Available upon request. The property is elected for VAT and
we would expect the transaction to be
treated as a Transfer of a Going Concern.
ARTICLE 4
The site is within an area covered by an Article 4 direction (which covers Hersham Trading Estate (including North Weylands Trading Estate) and removes the permitted development right for
change of use from office to residential. As such, planning permission would be required for the change of use of Russell House to residential.
ANTI-MONEY-LAUNDERING
A successful bidder will be required to provide information to satisfy the AML requirements when Head of Terms are agreed.
DATAROOM
For access to the Allsop dataroom please use the following link:
https://datarooms.allsop.co.uk/register/RussellHouse
PROPOSAL
Offers invited in excess of £2,500,000 (Two Million and Five Hundred
Thousand Pounds) for the freehold interest, which reflects a net initial
yield of 7.27% representing £109 per sq ft on the net internal area
CONTACT
For further information or to make arrangements for viewing please contact:
Alex Butler Siobhan Badman Chris Incledon Jordan Oldfield
020 7543 6722 020 7543 6841 020 7183 2529 020 7183 2529
alex.butler@allsop.co.uk siobhan.badman@allsop.co.uk chris.incledon@kingsbury-consultants.co.uk jordan.oldfield@kingsbury-consultants.co.uk
allsop.co.uk kingsbury-consultants.co.uk
On the instructions of:
Misrepresentation Act: 1. Allsop LLP and Kingsbury on its own behalf and on behalf of the instructing party of this portfolio whose agent Allsop and Kingsbury is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to
the property are to be relied on as statements or representations of fact; and (c) the instructing party does not make or give, and neither Allsop or Kingsbury nor any of their members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only
representations, warranties, undertakings and contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for sale or agreement for lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised
to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry
out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268. Design: Command D - www.commandHQ.co.uk 11.20
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