Freehold Light Industrial Investment
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Building - 3A | 2,809 | 260.96 |
| Building - 3B | 7,599 | 705.97 |
| Building - Monument House | 26,089 | 2,423.75 |
| Total | 36,497 | 3,390.68 |
Location
The units are located on Monument Way West, Woking, within an established commercial area. The site offers excellent access to the A3 and Junction 11 of the M25, with Woking town centre and mainline rail services to London Waterloo nearby.
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Mainline Stations
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Woking15 mins
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West Byfleet36 mins
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Worplesdon60 mins
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Byfleet and New Haw61 mins
Underground Station
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Hampton186 mins
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Thames Ditton190 mins
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Heathrow Terminal 4195 mins
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Hampton Court196 mins
Further Information
Rates Payable Upon Enquiry
Service Charge n/a
Description
Plot 3B (Warwick House) fronts Monument Way West and comprises a two-storey brick building with a pitched roof and parking to the front. Plot 3A (Morrison House), accessed to the right hand side of Warwick House, is located to the rear and includes a two-storey prefabricated concrete industrial unit with a flat roof and large yard. Monument House is a multi-storey brick commercial building with gated parking and a covered loading area.
Terms
Plot 3A is let to Turf Machinery on a lease expiring in 12th March 2033 at a passing rent of £47,000 p.a. with 5th yearly Rent Reviews the next being 12th March 2028. No Breaks, Inside the 1954 LL&T Act.
Plot 3B is let to Storm Lighting on lease expiring 31st August 2029 at a passing rent of £77,410.75 p.a. There is a rolling Tenant Only Break at any time from 1st September 2024 with 9 months notice in advance. Inside the 1954 LL&T Act.
Monument House is sold on a long lease dated 24th June 1993 for 125 years (92 years unexpired). Ground Rent of £5,000 p.a. with review dates in 30th September 2062 and every 10 years thereafter.
Total Income: £129,410.75 p.a.
Business Rates
3A (Morrison House) - Rateable Value (26/27): £48,000
3B (Warwick House) - Rateable Value (26/27): £91,000
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