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.
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.
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.
Prideview Group has been at the forefront of commercial property investment services since 1985. For more than 35 years, we’ve been the premier choice for clients seeking expertise on the Acquisition, Management and Sale of quality commercial
Prideview Group has been at the forefront of commercial property investment services since 1985.