Self-Contained Office Suite Investment
The Monument occupies a prime position on Monument Hill, the principal thoroughfare of Weybridge Town Centre leading to the High Street. The building benefits from excellent transport links including; M25 (J11) 2 miles, A3 (at Cobham) 2.5 miles and M3 - 5 miles distant. Heathrow Airport is situated approx. 15 miles distant and Gatwick 31 miles distant. Weybridge itself is an affluent vibrant town boasting a number of quality retail and restaurant facilities.
The property comprises 2 office suites which occupy the majority of a ground floor of a larger 3-storey, detached office building set within attractive landscaped grounds and benefitting from a gated car park at the rear. The property also benefits from an attractive entrance foyer at the front of the building. The suites themselves have been knocked-through to provide one mainly open plan space together with various offices / meeting rooms. The office benefits from integral WC and kitchen facilities.
The specification includes;Comfort Cooling / Heating Suspended Ceilings / Recessed Lighting Perimeter Trunking Double Glazed Windows Passenger Lift 6 Designated Parking Spaces Accommodation
Measured on a net internal basis, the combined suites measure approx. 1,780 sq ft (165 sq m).Tenure
The suites are available by way of an assignment of the long-leasehold interest (balance of 999 yrs lease granted circa 2006), subject to the occupational lease. Details of the occupational lease is as follows;
A sublease vested in Heath Lodge Care Services Limited for a term of 5 years from 23rd October 2014, expiring 22nd October 2019 at a rent of £25,000 per annum exclusive. The lease contains a mutual break clause dated 23rd October 2017 requiring 6 months notice. The lease also contains an upwards-only rent review at 23rd October 2017 which is RPI linked.
We believe that the estimated rental value, assuming refurbishment, is approx. £50,000 per annum exclusive.
A copy of the occupational lease can be made available upon request OR downloaded from our property webpage. See www.hurstwarne.co.uk.Price
£600,000 plus VAT (if applicable) for the balance of a 999yr leasehold interest.Viewings
Strictly by appointment with the sole selling agent Hurst Warne.
Rare freehold opportunity
The building is located on Crowthorne High Street in an edge of prime retail location. The building is within 30m of the roundabout connecting the High Street with the B3348 and Bracknell Road. Within a short distance of the property is a Co-Op food store, Lidl and Costa Coffee which bring shoppers into the village.
19 High Street is a detached red brick constructed building over two floors with a single storey flat roofed extension to the rear. Currently vacant, the building was previously occupied by HSBC and has A2 use.
The existing fit out includes four separate rooms on the ground floor. The ground floor space consists of a suspended ceiling with recessed lighting and perimeter trunking to the offices at the rear and several wall mounted air conditioning units.
The first floor is cellular with three meeting rooms/offices and also a staff room with a kitchen and breakout area. There is a loft space and two WC's, one on each floor.
Externally there is a side access to the first floor and to the rear there is parking for up to 10 vehicles.Amenities Detached building Rare freehold Suitable for alternative uses subject to planning On site parking Gas central heating Kitchen Accommodation
Measured on a net internal basis:
| Ground floor | 1,664 sq ft | 154.6 sq m |
| First floor | 443 sq ft | 41.2 sq m |
| Total | 2,107 sq ft | 195.8 sq m |
To let on a new lease with terms to be agreed or for sale freehold with vacant possession.Viewing
Strictly by appointment with the sole letting and selling agent Hurst Warne.
Two Town Centre Office Buildings
Vernon House is located on Clarence Road with Vernon Yard located behind and accessed through the archway of Vernon House. The Town Centre shops and other amenities are within a short walk. The railway station (Waterloo 40 mins) is within a 15 minutes walk. The M3 motorway (Junction 4a) is only 2 miles away.
Vernon House is a two storey self contained office building with a flying freehold. There is one parking space to the front of the building. Further parking is available to the rear underneath the archway. The building is accessed from the front of Clarence Road and from the rear car park. Internally the ground floor consists of two small offices seperated by a stud wall partition, a kitchen, WC and an open plan single storey office with flat roof at the rear. The first floor is more cellular in layout than the ground floor with 4 offices and two WC's.
Vernon Yard is a distinctive detached 3 storey office building. On the ground floor there is a lobby reception area together with an open plan office and small additional meeting room/executive office plus kitchenette. The first floor consists of mostly open plan space and further kitchenette. There is a meeting room on the 2nd floor. With regards services, there are WC's at both ground floor and first floor level, one of the WC's on the first floor includes a shower.Accommodation Vernon Yard
| Ground floor | 705 sq ft | 65.5 sq m |
| First floor | 1,001 sq ft | 93 sq m |
| Second floor | 510 sq ft | 47.4 sq m |
| Total | 2,216 sq t | 205.9 sq m |
| Ground floor | 684 sq ft | 63.5 sq m |
| First floor | 399 sq ft | 37.1 sq m |
| Total | 1,083 sq ft | 100.6 sq m |
Vernon Yard is let on a 5 year full repairing and insuring lease to Impact Data Solutions Limited (2). The lease dated 28th July 2014 is outside the Landlord and Tenant Act. The current rent is £24,376 per annum and set to rise to £26,592 per annum from July 2017.Terms
Offers invited for the freehold purchase of both buildings, consideration may be given to individual sales.Further Information
For further information please the sole selling agents Hurst Warne
The site comprises 0.35 acres, fronting Bagshot Road (A322), and is flat and mainly laid to tarmac and gravel. This is a busy roadside location on the Bagshot Road (A322). There is a large retail site within close proximity, accommodating a Sainsbury’s supermarket, Homebase and petrol filling station. Immediately adjacent to the subject site is the newly developed Brookwood Farm residential scheme, and the Telephone Exchange. Brookwood railway station is approximately 0.8 miles distant, with a direct train service to London Waterloo. The subject site comprises an ambulance station, which we understand does not fall within any use class under the Town and Country Planning (Use Classes) Order 1987 (as amended) and is considered 'sui generis'.
The buildings currently on site comprise a total of 2,324 sq ft GIA, comprising the following:- Main building 832 sq ft Open garages 620 sq ft Closed garages (with access from main block) 872 sq ft The main building benefits from gas fired central heating, double glazing, lighting, and male and female WCs. The enclosed garage also benefits from heating and lighting. The current buildings benefit from an EPC rating of 55, which falls within Band C. There is ample car parking for the current use.
The site is likely to be suitable for a number of different uses, subject to the relevant planning consent being granted including:- • Residential • B1 office • D1 medical/nursery • Roadside warehouse/retail uses
We understand that the existing use does not fall within any use class under the Town and Country Planning (Use Classes) Order 1987 (as amended) and is considered 'sui generis'. A pre-application consultation and associated meeting, between our client’s planning consultants and Woking Borough Council, resulted in a positive response as regards prospects for residential redevelopment, full details of which are accessible via the data room. The initial feedback from Woking Borough Council indicates that six 3-storey town houses of 3 and 4 bedrooms will, in principle, be acceptable. Whilst further information is available via the data room, interested parties should make their own enquiries of the Planning Authority.
Offers are invited by informal tender for the freehold interest with full vacant possession on a subject to planning basis, or subject to contract only basis. Offers are to be submitted in letter format either hard-copy, or via email, no later than 12 noon on 17th March 2017. Offers should include the following information: • Confirmation of the amount to be offered for the site • Full name of the purchaser and details of relevant experience/track record • Proof of ability to fund the purchase • Time frame for exchange of contracts • Time frame for completion of purchase • Proposals for use/development of the site • Details of any other matters to which the purchase is subject Offers should not be made subject to any formulas or with reference to other offers received. The vendors reserve the right to not accept the highest or any offers received.
There will be a number of open days to be held on site. Further information via sole agents Hurst Warne.
HIGHLY SPECIFIED HEADQUARTERS INVESTMENT LET TO MICROSOFT MOBILE UK Ltd.
The VERTU HQ is prominently positioned on the eastern side of Beacon Hill Road (B3013), at its junction with Sandy Lane, just 5 miles south of the M3 (J4A). The main railway stations of Fleet and Farnborough are both within 5 miles of the property. The surrounding area comprises both commercial and residential uses. A number of new residential developments are being built including nearly 900 homes at Taylor Wimpey’s Brambleside with a Sainsbury’s convenience store. A number of luxury care home operators are also located in close proximity to the property.
There are 220 surface level car parking spaces on site which surround the building, providing an excellent car parking ratio of 1:219 sq ft on the office and production accommodation.
• 220 car parking spaces providing an excellent car parking ratio of 1:219 sq ft.
• Large site extending to 1.81 ha (4.48 acres) with future development potential.
• The property is let to Microsoft Mobile UK Ltd until 24 May 2024 at £783,000 per annum (7.3 years term certain).
• Overall rent of £15.04 per sq ft providing a low base for future rental growth.
• The occupier has contractually agreed to waive their option to break the lease in 2020.
• Estimated rental uplift to £875,000 per annum at 2019 review (based on Oxford Economics RPI forecast).
• Microsoft Mobile is a multinational company with a D&B Rating of 5A1.
• Offers are sought in excess of £10,000,000 (Ten Million Pounds), subject to contact and exclusive of VAT.
• A purchase at this level reflects an attractive net initial yield of 7.34% assuming purchaser’s costs of 6.70% and a low capital value of £192 per sq ft.
• Based on the estimated rental uplift, the yield improves to 8.20% in May 2019.
020 7087 5336
020 7852 4959
Office Headquarters on site of 4.8 acres
Bracknell is strategically located in the heart of the Thames Valley, approximately 32 miles west of Central London, 9 miles south of Maidenhead and 11 miles south east of Reading. The town is approximately 4.5 miles from M4 (Junction 10) and 6.5 miles from M3 (Junction 3) motorways with direct access via the A329 (M) and A322 dual carriageways respectively. The M25 motorway is approximately 12 miles to the east and provides access to Heathrow and Gatwick airports, as well as the wider motorway network. London Heathrow airport is situated approximately 20 miles east of Bracknell and can be accessed directly via the M4 or the M3 motorways. By rail, Bracknell mainline railway station provides a regular direct service to London Waterloo, with an approximate fastest journey time of 1 hour. Reading mainline station, a major UK rail hub, is just 18 minutes away by train and provides direct services into London Paddington as well as the Midlands, Wales and the West of England. The town is home to the headquarters of over 40 international blue chip companies that have been attracted by the highly skilled workforce and excellent transport links including Waitrose, 3M, Dell, Fujitsu, Cable & Wireless and Hewlett Packard.
The Panasonic Building is prominently situated on Willoughby Road, close to the A329 Berkshire Way, the main arterial route for Bracknell. The town centre and railway station are a short walk to the north east of the property. The immediate surrounding area is a mix of uses including offices, industrial and residential.
The Panasonic Building is a three storey office building completed in 1988, totalling approximately 86,025 sq ft NIA. The building stands on a site extending to approximately 4.8 acres. There are 389 car parking spaces in total.Accommodation
| Ground Floor | 28,284 sq.ft. | 2,628 sq.m. |
| First Floor | 28,223 sq.ft. | 2,622 sq.m. |
| Second Floor | 29,518 sq.ft. | 2,742 sq.m. |
| TOTAL | 86,025 sq.ft. | 7,992 sq.m. |
| Basement | 29,431 sq.ft. | 3,734 sq.m. |
The Panasonic Building offers a purchaser an opporunity to transform the existing building into one of the best HQ's in Bracknell and the local M4 region.Alternative Uses
The building and site are suitable for intensification of development including alternative uses, subject to obtaining the necessary planning consents. Such uses could include residential, warehouse or industrial use.Terms
The property is being sold freehold with vacant possession. Full title information is available on request. Offers are invited for the freehold interest of the property in excess of £8,500,000.Viewing
David Bowen @ Wadham & Isherwood 01276 682501 email@example.com
Edward Smith @ Strutt & Parker 020 7629 7282 firstname.lastname@example.org
Freehold workshop currently for auto trade use
The unit is located on the well established industrial estate in Abbot Close. Access is via the A318 (Oyster Lane). Byfleet and New Haw mainline station is within easy walking distance, providing a frequent service to London (Waterloo). Junction 10 of the M25 is approximately 3 miles distant, via the A3 at Cobham.
Main workshop 4,700 437 Mezzanine store 1,300 121 1st Floor office 450 42 Showroom/trade counter area 420 39 Total 6,870 639
The unit is currently fitted out as an automotive workshop, with a spray booth, 3 two-post car lifts, and an air ring main with extractor fans for each ramp. Any required items of plant can be made available, subject to negotiation. The unit benefits from a roller shutter door of 8'9" width, and height to eaves of approximately 11'4" (21'3" to apex). There is parking to the front of the property for up to 12 vehicles.
Available by way of a freehold sale. NB: Part of the ground floor (approx 630 sq ft) is currently let at £650 pcm. This can be terminated on a rolling basis should full vacant possession be required.
Hurst Warne - 01483 723344
Franklin Commercial - 0845 390 3333
The premises are located in Vincent Lane, Dorking is close to the town centre and with direct access to both the A24 and A25, and approximately 5 miles from Junction 9 of the M25 (via A24). Dorking town centre is within a 5 minute walk and its mainline station provides frequent services to London Bridge, Victoria and Waterloo (approximately 45 minutes).
The premises comprise a single storey workshop of steel truss framework with mainly rendered block elevations under a fully lined pitched roof.
The premises have the benefit of a concrete yard/parking area to the front of the premises, with side access to a rear yard/storage area.Accommodation
(Measured on a gross internal basis)
| Workshop | 8,995 sq ft | |
| Mezzanine | 492 sq ft | |
| Total | 9,487 sq ft | Site Area appromimately 0.45 acres |
The premises are available on a freehold basis subject to the following tenancy.
Tenant: Henry Ling Limited / Company Registered No: 244715
Terms: The premises are let for a term of 6 years from 4th April 2015, at a rental of £59,500 PAX subject to a rent review on 4th April 2018 to an RPI multiplier. There is a tenant's option to break on 4th April 2018 subject to 6 months prior written notice.
An Experian credit assessment rates the tenant as "very low risk" and copies of the report are available upon request.Comments
The current tenants have been in occupation for many years and have additional accommodation to the side and rear of the premises. We understand that new machinery has been ordered for the site which indicates an intention to remain at the site for the foreseeable future.
The Dorking industrial market is extremely tight with virtually no accommodation currently available. The current passing rent is £6.27 per sq ft gross internal and we believe that the current open market rental value is in excess of £8 per sq ft.
We believe that this site offers scope for redevelopment in the future, with recent developments close to the subject premises including a new Lidl supermarket and a residential development.Price
£900,000 plus VAT. This provides an investor a net initial yield of 6.25% and a realistic reversionary yield of 8%.Legal Costs
Each party to be responsible for their own legal costs.