HOCKLEY BUSINESS PARK Hockley Business Park, Hooley Lane, Redhill, RH1 6ET FREEHOLD FOR SALE

Business Park investment with potential Mix of Light Industrial and Motor Trade units Site area of approximitly 1.1 acres (0.44 Ha) ½ Mile South of Redhill Town Centre Easy access to A23 / A25 & M25 / M23 & Redhill Station Currently producing £149,812 per annum Offers sought in the region of £1.5 Million (No Vat)

Location

Hockley Business Park is accessed from Hooley Lane close to its junction with the A23 Road. Redhill town centre and mailine Railway Station is about ½ Mile to the North. The premises are conveniently situated for the A23 / A25, Junction 7 of the M25 / M23 and Gatwick Airport ( 6.5 Miles to the South).

Description

Hockley Business Park comprises a mix of older style light industrial and motor trade units of varying ages and construction.

Most of the units benefit from the following features:-

Concrete floors & security shutters On site parking 3-Phase electricity, water & gas supplies

The site extends to about 1.1 Acres / 0.44 Hectares

Potential

We understand that the existing rents on a number of the units have not been reviewed for a number of years and there is currently 1 vacant unit and so there is considered to be potential to increase the rental income from this investment. Alternatively there may be potential to redevelop the site and in this regard the Council have included the site within their recently publsihed Strategic Housing Land Availability Assessment. Enquiries in this respect should be made to & Council Tel: 01737 276000 or www.reigate-banstead.gov.uk.

VAT

We understand that the sale price is not subject to VAT

Legal Costs

Each party to pay their own legal costs

Accommodation & Rents

The individual unit sizes (Gross Internal Areas) and rents currently received are detailed within the table below. We understand that all rents are inclusive of Business Rates, external repairs and buildings insurance.

Unit Tenant Sq.M Sq.ft Annual Rent 1 1st Call Glazing 143.3 1,543 £8,400 2 Dorchester Auto Ltd 45.3 488 £1,973 2a Lance Roberts Period Mirrors 164.2 1,767 (1st Flr unit) £7,472 2b L Wright Not measured Not measured £2,280 3 Jason Earley 123.7 1,332 £7,260 4 K.S.M. Auto Clinic 19.7 212 Included below 5 Watson Coaches 161.4 + 43.0 1,737 + Mezz floor 463 £31,218 6 K.S.M. Auto Clinic 193.6 2,084 £29,462 7/8 D J C S Associates Ltd 206.7 + 67.2 2,225 + Mezz floor 723 £12,000 9 The Motor Cycle Recycling Co. 299.0 3218 £14,400 10 Atlas Auto 71.8 773 £12,607 11/12 Jason Harding 100.0 1076 £6,600 13 Crowhurst 10.6 114 £504 14 Jason Harding Not measured Not measured £2,640 15 Fruit and Fountain 46.5 501 £3,360 16 Reeds Construction 58.4 629 £3,840 17 Hockley Car Centre 31.7 341 £5,796 Totals £149,812pa

Terms

Offers in the region of £1.5 Million are sought for the freehold interest subject to any tenancies existing at the time of sale. Subject To Contract

For further information or to view please contact:

Alexander Mullett Tel: 01737 222835 Chris Richards Tel: 01737 222835 Email: [email protected] Email: [email protected]

Property Misdescriptions Act 1991 Please note the agents have not carried out a survey, have not made planning enquiries, nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are not therefore able to verify their condition, or suitability for their purpose.

Not to Scale