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For SalePOA

Ace of Spades, Surbiton, KT6 5AT

Other, Other Property Types & Opportunities , 24010 Sq Ft
Property type: Other, Other Property Types & Opportunities
Tenure: For Sale Freehold
Size: 24010 Sq Ft
Price: POA
Location: Ace of Spades, Hook Rise North, Surbiton, KT6 5AT

Mixed Use Investment / Medium Term Development Opportunity



Location

The site is located at the Ace of Spades roundabout adjacent to the A3 in an extremely prominent position. The roundabout is elevated above the A3 and provides access directly onto the northbound carriageway and A309 southbound. Access is also provided to Chessington via the A243, and Surbiton/Kingston to the north.



Additional Details

Data Room 

A data room has been created containing various accompanying documents. Access to the data room can be requested via the agents. 



UNIT  TENANT  AREA LEASE START LEASE EXPIRY RENT REVIEW CURRENT RENT P.A.   Shell Garage  Shell UK Ltd.    20/04/03 22/04/62   Peppercorn    Unit A Bathstore 5,620 25/12/15 24/03/23 25/12/20 £65,000   Unit B DBIO limited (under offer)  3,390 TBC 24/3/23 N/A £35,000   Unit C Stallards Gym Ltd 2,200 26/06/16  25/06/25 26/02/20 £18,000   Unit D Topps Tiles (Multi Tile Ltd.) 12,800 06/06/13 05/05/23 06/06/18  £90,000   TOTAL    42,010       £208,000 p.a.  

The property is elected for VAT, and it is anticipated that the sale will be treated as a transfer of going concern. (TOGC)

Offers in excess of £3 million for this excellent medium term redevelopment opportunity. A purchase at this figure represents a net initial yield of 6.51%, assuming purchaser’s costs of 6.45%.

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