Newly Refurbished Warehouse & Offices, Sutton

Property Description

• Offices and warehouse, newly refurbished in 2021, are over two floors. The ground floor is split in half with two warehouse areas, a Reception Area and a gym occupying this part of the building.
• On the first floor there are six glass fronted offices around a central section with one large office at the rear and two offices at the front.
• There is also a meeting room on the first floor.
• A large rest/games room in the middle area in between the 6 offices occupy the first floor, enclosed within an aluminium cladded external wall system, partial glass fronted with a framework of clay bricks and mortar and dense block supporting a concrete frame.
• Two internal staircases one at the front and one to the rear leading to an enclosed yard with additional parking.

Location Description

• The property is located on the Kimpton Industrial Park, just off Kimpton Road, approximately mid-way between Cheam and Rosehill.
• The A127 is in close proximity, which provides direct access to Junction 8 of the M25 to the south and Central London to the north via the A24.
• Sutton Common train station is approximately 1 mile to the east.

Additional Notes

• The property is currently let on short term licences producing a rental income of £173,000 per annum of which the seller occupies 2 of the units.
• There are currently 5 vacant units and a 12 month rental guarantee of £12,000 per unit will be provided on completion.
• Therefore the annual rent on completion will be £233,000 per annum and after the deduction of the ground rent this will equate to a net income of £213,000 per annum.
• Alternatively, full vacant possession can be achieved within 6 months of completion.