A recently refurbished and part newly built industrial/warehouse building with offices totalling 9,614 sq ft (893.1 sq m).
Located on the long established Hersham Trading Estate.
Good proximity to Hersham mainline railway station (with a good service to central London), J10 & J11 of the M25 and J1 of the M3 motorways.
Let to The Cavan Bakery Limited who have been trading for 93 years.
Cavan Bakery Limited have just spent a significant sum over the past 12 months, fitting the property out as a bakery and installing an increased 3 phase electricity supply.
Let on a new FRI lease with a 19 year unbroken term remaining.
Passing rent £149,000 per annum exclusive, equating to £15.50 per sq ft.
Good future rental growth prospects with general lack of supply in the area.
Site area of 0.37 acres (0.15 hectares).
Offers in excess of £3,500,000 (Three Million Five Hundred Thousand Pounds).
A purchase at this level would reflect a net initial yield of 4.0% assuming purchase costs of 6.75%.
The property comprises a detached warehouse/industrial building with a 3 storey office building to the front that has been comprehensively refurbished to a high standard and is linked to a newly constructed steel frame warehouse to the rear. The entire building is clad in distinctive new profile steel paneling.
The ground floor provides a fully open plan office/reception area which is approached via double glazed aluminium framed entrance doors with a security roller shutter. There is a disabled WC on this floor which incorporates a shower cubicle.
The first floor is partitioned to provide a boardroom and large open plan office as well as high quality male and female toilets.
The second floor is largely open plan with laminate wood flooring and LED spot lighting throughout. This floor has excellent natural light and enjoys views over the estate. It also has a good quality fully fitted kitchen.
The ground floor is linked via a pedestrian door to the recently constructed warehouse which is of a steel frame construction with profile steel cladding to all elevations. This sits under a pitched steel roof with 120mm Kingspan insulated panels beneath. There are clear Perspex panels incorporated at regular intervals providing very good natural light.
The warehouse has excellent eaves height with an apex height of 28’1” (8.57m) and minimum height to underside of haunch of 23’7” (7.25m).
There is a full height electric roller shutter loading door to the side of the warehouse.
Externally, there is a large tarmacked forecourt which provides for off road deliveries and visitor parking. There is a gated driveway to the right hand side of the building which provides access to the loading bay and also a tarmacked rear yard which provides parking for 8 vehicles and is fully enclosed by a metal palisade fence and has lighting, CCTV and a Tesla rapid charge point.
Three phase power
Steel insulated roof
Electric roller shutter door (W5.97m x H5.78m)
Gas fired blow heater
High level LED lighting
High specification smoke detection system and fire alarm
2 high level heat recirculation fans
Steel pedestrian door
Max eaves to apex 28’1” (8.57m)
Min eaves to underside of haunch 23’7” (7.25m)
Tesla high speed charging point
Hiki night vision CCTV cameras throughout
Secure gated parking (8 vehicles) yard with palisade fencing
Gas fired central heating
Double glazed windows
Vertical window blinds
Sealed resin floor to ground floor
Oak panel laminate flooring to 1st & 2nd floors
LED spot lighting
Category VI network cabling throughout
4G & 5G wireless network throughout
Disabled WC & shower
Male & female toilets
Fully fitted kitchen