South East light industrial/roadside investment with significant future development potential

 

Summary

  • Freehold
  • Site area of circa 0.3 acres
  • Well located in Surrey with roadside frontage to the A24
  • Producing a low passing rent of £52,800 per annum equating to only £6.90 psf
  • Single let on a new 5 year lease with a mutual break on 1st February 2027 providing secure medium term income and asset management opportunities
  • Very low capital value of £93 psf
  • Prominent forecourt area

Accommodation

The accommodation comprises the following areas:

Namesq ftsq mAvailability
Unit 7,651 710.80 Available
Total7,651710.80
Mole Valley Motors, Horsham Road - Hero Shot 2.jpg

Location

Mole Valley Motors is located on Horsham Road in Surrey. It is situated approximately 5 miles south of Dorking, 10 miles north of Horsham, and 25 miles south west of London.

The property is conveniently located with direct access onto the A24, which provides excellent north-south connectivity with London to the north and Worthing to the south. This route links to the M25, offering access to London (approximately 35 miles) and the wider motorway network, including the M23, connecting to Gatwick Airport (approximately 15 miles). The A24 also connects to the A27, providing a direct route to Portsmouth in the west (approximately 55 miles) and Eastbourne in the east (approximately 50 miles).

The nearest railway station is Ockley, offering services to London Victoria with a journey time of approximately 85 minutes. From Dorking, there are regular services to other destinations such as Dorking (15 minutes) and Horsham (10 minutes).

The site is within a 30-minute drive of Gatwick Airport, providing access to domestic and international flights.

Get directions from Google Maps

Further Information

Rates Payable Upon Enquiry

EPC Rating This property has been graded as B (50)


Description

The property comprises 4 inter-connected buildings constructed at various times over the last 40 years totalling approximately 7,650 sq ft arranged across a fully surfaced site of 0.3 acres. The showroom space was specially designed for the business and houses 95% of the cars in the dealerships inventory. The main showroom building is a two storey brick built structure with a rear single bay warehouse structure of steel portal frame construction. The main showroom space benefits from the following:
• Glazed shop front at ground level with offices at first floor level
• Suspended ceiling with inset LED light panels to the main showroom / warehouse unit
• Eaves height of approximately 5.5m
• Sectional roller door of 5m width and 3m height
• Pitched metal decked roof with rooflights on one elevation
• Pebble dashed concrete floor to the main showroom with a mixture of carpet tiles / wood flooring to the sales office element

Access to the rear yard is provided from the forecourt area via the sectional roller door which provides easy access to the main showroom space, further vehicle storage/valeting space and a small workshop unit with two vehicle lifts where specialist servicing and MOTs are conducted.

The additional storage / valet unit includes the following specification:
• Steel portal frame construction
• Pitched mineral roof with rooflights
• Eaves height of 2.5m
• 3 roller shutter doors and a concertina door at the rear of the building
• Concrete floor

The small workshop unit includes the following specification:
• Steel portal frame construction
• Sloping metal decked roof with rooflights
• Maximum clear height of 3.7m
• Roller shutter door of 7.4m width and 3.1m height
• Painted concrete floor

Situation

Mole Valley Motors is strategically located on the A24 (Horsham Road), offering excellent connectivity to the South East and beyond. Situated on both the entry and exit of a sharp bend (depending on direction of travel) with a 40mph speed limit, the frontage receives in excess of 25,000 daily traffic movements making it a valuable roadside site.

Furthermore, the site is close to the picturesque Surrey Hills, an Area of Outstanding Natural Beauty, providing great versatility in that it would make a fantastic residential plot whilst remaining an attractive location to conduct a commercial, public facing business such as a car showroom which profits from a prominent outlook in an affluent area.

Given the site’s situation in a predominantly residential area, there are few neighbouring businesses with the majority of the surrounding land use being either residential, agricultural or protected greenfield.

Tenancy Information

Mole Valley Specialist Cars is a leading prestige, sports and performance car dealer in the South East of England. Established in the 1980s by Charles Eyston and James Tilling who both had motorsport backgrounds was founded based on the philosophy that customers should always be treated in the same manner that would be expected if the roles were reversed. It was this very personal manner with which the company operated that meant that they became an official TVR main dealer and latterly Noble and Morgan.

In 2007, the company moved its Sales and Service department to its specially designed facility on Horsham Road, offering high-quality automotive services and bespoke solutions. The company prides itself on providing a personal touch, with technicians who are enthusiasts of brands like TVR, Noble, and Morgan. Mole Valley Specialist Cars is now an officially appointed TVR Heritage Dealer (selling only used TVRs), ensuring top-notch service for specialised hand built cars.

The company rebranded from Mole Valley Motor Group in 2010 when it came under new management and it has been running in its current form since then which demonstrates both the tenant’s and the brands commitment to the site. The two managing directors of the business were ex-employees of Charles Eyston so they have an intimate knowledge of the business following many years of service.