Light Industrial for sale

Four Seasons Crescent, Sutton, Surrey, SM3

Guide Price £3,750,000
24,450 sq. ft.

Property Description

Commercial information

  • 24,450 sq ft (2,271 sq m)

Key features

  • Long Leasehold Investment
  • Current income of 241,000 Per annum ( POTENTIAL AT 438,480)
  • Rent reviews starting from 2019

Full description

CURRENTLY UNDER LET LIGHT INDUSTRIAL ESTATE IN SUTTON - GUIDE PRICE £3.5m-£3.75m
The properties were developed in the early 90s and comprise nine business units of steel construction with brick clad elevations below pitched roof.

The estate is arranged to provide two blocks of business units with vehicular access
(Four Seasons Crescent) providing an in and out access directly to Kimpton
Road which links straight to Kimpton Parkway. The estate therefore provides
a significant parking with good road visibility to Kimpton Road within this
very established business locality.

The total built area extends to approximately
24,450 sq.ft. with a total site being of approximately 1 acre.

Clearly the properties offer significant rental growth potential with rent reviews
not only this year but also in 2021, 2022 and 2023. There may be further
potential for a more significant re-development of the site utilising a greater
footprint and therefore increasing the net lettable area subject of course to
all necessary consents for which purchasers are deemed to rely on their own
enquiries.

tenure:
The estate is held on one lease from Sutton Borough Council for a term of 125
years from 4th July 1983 at a current ground rent of £67,000 subject to 5 yearly
reviews, next review due 2023.

The property is NOT elected for VAT.

total current rents reserved:
£241,000 pa. Rent reviews 2019, 2021, 2022 and 2023.


Nearest stations

  • Sutton Common (0.6 mi)
  • West Sutton (0.8 mi)
  • St. Helier (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Exclusive Property Sales, London

23 Flotilla House Juniper Drive Battersea Reach London SW18 1FX

020 8432 7330 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Sutton Common (0.6 mi)
  • West Sutton (0.8 mi)
  • St. Helier (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Exclusive Property Sales, London

23 Flotilla House Juniper Drive Battersea Reach London SW18 1FX

020 8432 7330 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Fourseasons. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Exclusive Property Sales, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.