Investment For Sale, Woking, Surrey
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Property ID: 160906
£1,600,000 Freehold
Littlewicks, Woking, Surrey, GU21 4YP
Type
Investment
Status
Available
Size
7,121 sq ft / 662 sq m
Key Features
- Freehold multi-let industrial estate of seven units totalling 7,121 sq ft
- Fully let to seven tenants, producing a total passing rent of £141,850 per annum
- Asset management opportunities, including the Unit 1 lease expiry in May 2027 and moving three tenancies at will onto formal leases
- Offers in excess of £1,600,000, subject to contract, reflecting a net initial yield of 8.31% after purchaser’s costs of 6.68%
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Description
Littlewicks Industrial Estate Comprises Seven Industrial Units Arranged In Three Buildings Around A Shared, Block-paved Service Yard, Accessed Directly From Carthouse Lane.
Unit 1 Is A Detached Unit At The Front Of The Estate Providing Approximately 3,136 Sq Ft, Fitted Out As A Trade Counter And Showroom With A Full-height Glazed Frontage, Together With Ancillary Storage Of 685 Sq Ft. Unit 1 Also Benefits From A Yard To The Rear Of Approximately 2,500 Sq Ft. It Has Been Occupied By Clifton Turf Machinery Since 2012.
Units 2 To 7 Are Arranged In Two Terraces Of Three, Each Unit Providing Approximately 550 Sq Ft Of Workshop And Storage Space With Its Own Sectional Loading Door And Separate Pedestrian Door. The Units Suit Small Trade, Storage And Light Industrial Occupiers, A Sector Where Local Demand For Small Units Remains Strong.
The Buildings Are Of Steel Portal Frame Construction With Profiled Steel Cladding. Externally, The Estate Benefits From A Block-paved Service Yard, On-site Car Parking, Secure Perimeter Fencing And External Led Floodlighting.
The Estate Is Fully Let To Seven Tenants, Producing A Total Passing Rent Of £141,850 Per Annum.
Unit 1 Is A Detached Unit At The Front Of The Estate Providing Approximately 3,136 Sq Ft, Fitted Out As A Trade Counter And Showroom With A Full-height Glazed Frontage, Together With Ancillary Storage Of 685 Sq Ft. Unit 1 Also Benefits From A Yard To The Rear Of Approximately 2,500 Sq Ft. It Has Been Occupied By Clifton Turf Machinery Since 2012.
Units 2 To 7 Are Arranged In Two Terraces Of Three, Each Unit Providing Approximately 550 Sq Ft Of Workshop And Storage Space With Its Own Sectional Loading Door And Separate Pedestrian Door. The Units Suit Small Trade, Storage And Light Industrial Occupiers, A Sector Where Local Demand For Small Units Remains Strong.
The Buildings Are Of Steel Portal Frame Construction With Profiled Steel Cladding. Externally, The Estate Benefits From A Block-paved Service Yard, On-site Car Parking, Secure Perimeter Fencing And External Led Floodlighting.
The Estate Is Fully Let To Seven Tenants, Producing A Total Passing Rent Of £141,850 Per Annum.
Location
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Curchod & Co
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Property ID: 160906
Investment For Sale, Woking, Surrey
£1,600,000 Freehold
Littlewicks, Woking, Surrey, GU21 4YP
Curchod & Co
View all properties
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Curchod & Co