Industrial to let in Portsmouth Road, Surbiton KT6

The property comprises a well fitted vehicle service centre with 27 workbays together with ancillary office, reception, parts and staff ancillary accommodation. The main workshop is fitted to a high standard with a tiled floor, lighting by both florescent strip and box lighting and heating by strip heaters.
Access to the workshop is via two separate up and over doors in each side elevation. Part of the workshop has been partitioned to form a valeting area and parts section and these are fitted to a similar standard.
A customer reception sits at the eastern side of the workshop and is again well fitted with a polished tiled floor and a suspended ceiling throughout, with recessed lighting and air conditioning cassettes. A number of office areas lie to the side which are similarly fitted.
A small two-storey section lies at the north of the building which has a small canteen and WC facilities.
The external areas are all laid to tarmac with 59 parking spaces allocated to the unit.

Tenure
Leasehold. The property is held on a full repairing and insuring lease for a term to expire 3rd May 2043, subject to rpi linked rent reviews at every 5th year (next May 2028), capped at 3% pa compounded and collared at 1% pa compounded.

Terms
Our Client is seeking to assign their lease, or may consider granting a sub-lease for a term to be agreed.

Rent
£425,000 per annum exclusive.

Rateable Value (2023/24)
We are advised that the Rateable Value for the property is £202,000 and the ubr is 51.2p in the £.

Energy Performance
Energy Performance Asset Rating: C 60

VAT

All figures quoted are exclusive of Value Added Tax which will be charged at the
prevailing rate.