Our award-winning East Grinstead agency team has moved to our new dedicated residential estate agency and lettings agency office at 1 West Street in the heart of East Grinstead.
Our successful and highly regarded team specialises in the sale and rental of country homes, landed estates, farms and equestrian property providing house hunters with access to some of the most desirable property in Sussex, Kent, and Surrey. We look forward to welcoming you to our new office.


Contact us at agency@rhrwclutton.co.uk or 01342 410122
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Lingfield, Surrey
£1,400,000 | 0.14 acres

LOCATION
Michaels Business Centre is approached from East Park Lane, off West Park Road (B2028) some 2 1/2 miles from its junction with the A22 by the Mormon Temple. Lingfield village and railway station is about 3 miles distant whilst the towns of Horley,
East Grinstead and Crawley are all within easy reach. Junction 10 on the M23 motorway is within about 4 miles.


DESCRIPTION
Michaels Business Centre provides nine commercial units converted from former farm buildings, comprising two single-let units and a third building divided into seven smaller units. In total providing 5,977 sq. ft. In addition there are seven storage
containers. The land lies to the south and west of the business centre and extends to 20 acres (8.09 hectares) and has been used for grazing with a small strip of woodland included.


ACCOMMODATION
Nine business units comprising 5,977 sq. ft, seven storage containers and 21 acres (8.5 hectares). Please see Tenancy Schedule for detailed sizes.


TERMS
The business units are all let on basic licence type agreements and produce, with the containers, a total of £93,969.72 per annum payable generally on a monthly basis. A service charge is levied in addition to cover building and external maintenance
.
See attached schedule for further details on individual tenancies.

The land is offered with vacant possession.

Offers are invited in the region of £1,400,000. The price shows a purchaser a net initial yield of 6.33% after costs and a price per square foot of £13.57.

The property is held Freehold.

Offers in the region of £1,400,000




OUTGOINGS
The property lies within the administrative boundary of Tandridge District Council. Council Offices - 8 Station Road East, Oxted, Surrey, RH8 0BT. Telephone:- 01883 722000.

The agricultural land sits within the Metropolitan Green Belt.


VAT
The property is not elected for VAT and therefore VAT will not be charged on the sale price.


VIEWING
For viewing and further information please contact the selling agents RH & RW Clutton on 01342 410122.

Philip Baker - PhilipB@rhrwclutton.co.uk
Richard Grassly - RichardG@rhrwclutton.co.uk


 

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