CHARTERED SURVEYORS, LAND AGENTS, ESTATE AGENTS, COMMERCIAL AGENTS, LETTING AGENTS, RICS REGISTERED VALUERS
Smallfield, Surrey
UNDER OFFER - - £900,000
Smallfield, Surrey - Photo 1
Property Description

Property description

A valuable commercial/investment opportunity to purchase five modern B1 Business Units of metal framed construction with the potential of future residential development in Smallfield, approx. 3 miles from Horley town centre.

LOCATION
In a rural position approached by a long metalled roadway from the Junction of Chapel Road/Rookery Hill/Normans Road, approximately 0.7 miles from Smallfield Village with its local facilities. Horley town centre with its railway station serving London via East Croydon and the south coast is approximately 3 miles distant. Junction 10 on the M23 motorway which links to the north with the M25 London Orbital Motorway and to the south with the A23 trunk road to Brighton and the south coast is approximately 5 miles distant.

DESCRIPTION
Five modern B1 Business Units of metal framed construction with blockwork walls under pitched corrugated sheet and insulated roofs with roof lights.

ACCOMMODATION
UNIT 1
Floor Areas :
Warehouse/Production Area approx. 232.94 sq m (2,500 sq ft)
Mezzanine Office approx. 92.22 sq m (993 sq ft)

UNIT 2
Floor Areas :
Warehouse/Production Area approx. 98.9 sq m (1,064 sq ft)
Mezzanine Floor approx. 63.02 sq m (678 sq ft)

UNIT 3
Floor Areas :
Warehouse/Production Area approx. 101.48 sq m (1,092 sq ft)
Mezzanine Floor approx. 20.65 sq m (222 sq ft)

UNIT 4
Floor Areas :
Warehouse/Production Area including Office approx. 107.88 sq m (1,161 sq ft)
Mezzanine Storage Floor approx. 14.0 sq m (150 sq ft)

UNIT 5
Floor Areas : of similar size to units 2, 3 & 4
Ground floor Warehouse/Production Area together with a good sized Mezzanine Floor.

PLANNING
Potential Residential Development : Our clients together with the adjoining owners have obtained a limited planning permission with prospects for improvement. Details on request.

N.B. There will therefore be an overage clause in the contract of sale providing for a further payment to be made to the Vendor in the event that an improved planning permission is obtained.

OTHER
Rental Income :
Four units are let and producing £59,000 per annum plus maintenance and insurance charges.

Unit 5 was sold on a 999 year lease some 20 years ago. Ground rent payable to freeholder £200 per annum.

EPC : Energy Performance Rating ‘E - 116’.

VIEWING
For further information please contact Philip Baker FRICS at RH & RW Clutton on 01342 410122 or email
PhilipB@rhrwclutton.co.uk

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