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37-41 Holmethorpe Avenue, Redhill, Surrey

For Sale

Freehold £4,500,000 Offers in Excess of

Call the commercial
team now on020 8401 1000

Freehold Industrial Investment Opportunity - Located on the well-established Holmethorpe Industrial Estate in Redhill Surrey - Secure level site of approximately 2.05 acres - Comprising five industrial units renovated in 2015, totalling 47,076 sq ft - Passing rent £245,633 per annum exclusive, equating to a low average of £4.50 per sq ft with a reversionary rent of £398,070 per annum - Offers in excess of £4.5 Million reflecting a low capital value figure of £82.31 per sq ft - A purchase at this level would reflect a net initial yield of 5.11%, assuming purchaser's costs of 6.75% with a reversionary yield of 8.85% - Freehold - Good proximity to Central London with excellent road and rail links - Good asset management potential with reversionary rents

  • The industrial units are of steel portal frame construction with pitched roofs and underwent a comprehensive renovation in 2015, with a specification to include the following: - New roofs and roof lights - New double glazed fenestration - External cladding - New roller shutter doors - Site perimeter palisade fencing - Security gates - Resurfaced yards and roadways
  • The Investment is situated on the southern side of the established Holmethorpe Industrial Estate, which is strategically located for access to the M25 via Junction 6 (Godstone) and Junction 8 (Reigate). Nearby occupiers include Benchmarx, Tool Station, Howdens, Halfords Autocentre, Yesss Electrical, Screwfix, City Plumbing Supplies, Topps Tiles and Bosch.
  • The property has been elected for VAT.
  • Strictly by appointment through Sole Agents
  • The properties are available for sale Freehold, subject to the existing Leases and the associated income.

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Centro Commercial Limited believe these particulars to be correct. However, measurements are approximate and some details are collected from external sources and cannot be guaranteed. Accordingly, neither Centro Commercial Limited no the vendor whose agent they are can be liable in respect of any inaccuracy in these particulars or in any other information, written or oral, supplied to the intending purchaser. Any items quoted do not include VAT where applicable.

The property described in these particulars is subject to availability and to formal contract.

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