Unit 3 Hampton Works 829 Sq
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INVESTMENT FOR SALE FULLY LET TWO-STOREY PROPERTY SPLIT INTO 5 OFFICES / ARTIST STUDIOS Unit 3 Hampton Works 829 sq. ft. R/O 119 Sheen Lane, East Sheen, London SW14 8AE (77.0 sq. m.) Unit 3 Hampton Works, R/O 119 Sheen Lane, East Sheen, London SW14 8AE Location Hampton Works comprises a terrace of industrial / studio buildings accessed via a service road to the rear of Sheen Lane. Unit 3 Hampton Works The property is located in East Sheen, behind Sheen Lane, close to its junction with the A205 Upper Richmond Road West. Local amenities within close proximity include: - Mortlake railway station Sheen Lane East Sheen Library CHISWICK KEW GARDENS BARNES BRIDGE MORTLAKE BARNES A205 – Upper Richmond Road <0.1 mile NORTH SHEEN A3 – Putney Heath 2.8 miles RICHMOND A406 – North Circular Road 3.2 miles Hampton Works M3 – Junction 1 7.6 miles Mortlake (British Mainline) 0.2 miles Barnes Bridge (British Mainline) 0.9 miles North Sheen (British Mainline) 1.3 miles Kew Gardens (Overground / District) 1.8 miles www.vokins.co.uk Unit 3 Hampton Works, R/O 119 Sheen Lane, East Sheen, London SW14 8AE The Property The property comprises a two-storey business unit of brick construction, split into five offices / artist studios, with first floor access via an external staircase. The studios benefit from separate entrances, a mixture of strip and spot lighting and a shared WC. Accommodation The property provides the following approximate accommodation on a gross internal basis: - Floor Studio Sq. Ft. Sq. M. A 323 30.0 Ground Floor B 103 9.6 C 170 15.8 D 78 7.2 Frist Floor E 108 10.0 Shared Area 47 4.4 TOTAL 829 77.0 Investment Summary Floor Studio Rent per annum Years in Occupancy Ground A £9,000 11 years Floor B £5,200 New – Q1 2020 C £7,020 New – Q1 2020 First D £4,800 New – Q1 2020 Floor E £4,400 7 years TOTAL £30,460 www.vokins.co.uk Unit 3 Hampton Works, R/O 119 Sheen Lane, East Sheen, London SW14 8AE Terms Freehold for sale. Guide price: £545,000 subject to contract and lease agreements. Further details available from the agents. Business Rates All applicants are advised to make their own enquiries through the London Borough of Richmond upon Thames billing authority. Outgoings Under the terms of the leases, the Landlord pays for utilities; electricity, water, buildings insurance. We are advised that this is approximately £1,500 per annum. VAT We have been advised that VAT is not applicable. Legal Costs Each party to bear their own legal costs. Energy Performance Certificate An EPC has been commissioned – further details available from the agents. Viewing Strictly through prior arrangement with sole agent Vokins. Misrepresentation Act 1967 Every care has been taken in presentation of these particulars, however any intending purchaser/tenant should satisfy themselves as to the correctness of each statement contained herein. They are expressly excluded from any contract. VAT may be applicable to rents/prices quoted in these particulars. Luke Storey John Vokins [email protected] [email protected] 020 8400 8876 020 8400 9000.