Offers over
£1,600,000
(£224.69/sq. ft)
Property for saleLittlewicks, Carthouse Lane, Woking GU21
7,121 sq. ft
About this property
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%
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.
Location
Littlewicks Industrial Estate is situated on Carthouse Lane, on the western outskirts of Woking, approximately 2.2 miles from the town centre and
between the villages of Horsell and Knaphill.
Carthouse Lane connects with Littlewick Road, providing access to the A322 and A320 and, in turn, to Junction 3 of the M3 and Junction 11 of
the M25, both within 6 miles.
Woking is one of Surrey's principal commercial centres, with a strong occupier base and an affluent residential catchment.
Woking railway station, around six minutes' drive away, provides frequent direct services to London Waterloo, with a fastest journey time of 24
minutes.
Terms
Freehold with offers in excess of £1,600,000.
VAT / Legal Costs
Each party to bear its own costs.
Prices are quoted exclusive of VAT which may be charged.
Anti-Money Laundering
The purchaser will be required to satisfy the vendor and Curchod & Co on the source of funds and provide identification in line with current regulations.
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