Gatwick Metro Centre, Balcombe Road, Horley, Surrey, RH6

LOCATION
Gatwick Metro Centre is situated on the east side of Balcombe Road close to Horley town centre and A23 London-Brighton Road. Gatwick Airport is approximately 2 miles to the south and Junction 9 of the M23 approximately 2 ½ miles.

DESCRIPTION
Situated on a well-established and thriving estate comprising of modern industrial/warehouse units of steel portal frame construction. Unit 14 with brick and clad elevations is currently fitted out to a high quality standard with warehouse to the ground floor plus reception office and ancillary space to suit the current occupier.
There is a mezzanine to the right hand side section providing bright and good quality air conditioned dance studios to the first floor currently arranged as three dance studios, two on the mezzanine plus the ground floor. The ground floor is arranged as a smart entrance reception with reception office, well-appointed male and female WCs, kitchen and comms room with internal staircase to the mezzanine. The warehouse area plus skylights provides full height warehousing of approximately 674 sq ft with additional 308 sq ft of warehousing with restricted height below the offices. Warehousing with concreted floor offers 3-phase power, gas fired central heating boiler, powered roller shutter 9'1 high x 6'9 wide.
The mezzanine forms two dance studios with Daikin air conditioning units, matted floor, suspended ceiling and modern lighting. The building also benefits from security entry phone so access can be provided from the mezzanine offices, alarm and CCTV. The current arrangement can easily be altered to provide a different configuration of space to suit the new occupier by rearranging or altering partitioning. Unit 14 benefits from a spacious forecourt providing loading area and parking overall allowing parking for around four cars. In addition, there is a separate parking space behind the Unit that can be rented by separate negotiation.

Ground Floor 1446 sq ft GIA (136.24 sq m)
Mezzanine 720 sq ft GIA (66.91 sq m)
Warehouse Full Height 674 sq ft (62.63 sq m)
Warehouse Restricted Height 308 sq ft (28.62 sq m)
Warehouse Total 982 sq ft (91.26 sq m)
TOTAL GROSS INTERNAL AREA 2166 SQ FT (201.30 sq m)

TENURE AND PRICE
We are instructed to sell the freehold interest subject to the existing lease at a guide price of Offers in the region of £425,000.

VAT
We understand the premises are not subject to VAT.

EXISTING LEASE TERMS
The premises are subject to a 10 year fully repairing and insuring lease granted to Aimee-Marie Bow trading as SSPA Studios for a term of 10 years from 13.3.23 to 12.3.28 at a passing rent of £27,500 pax. The lease is excluded from the LTA 1954 and provides for an upward only rent review at the end of the fifth year of the term and a Tenant break provision at the end of the fifth year of the term also. Robinsons arranged this letting and initially a rent deposit of £11,500 was held but this reduced at the end of the second year of the term to £6875 due to the Tenant proving to be reliable and meeting their rental commitments .

RATES
From Internet enquiries only, the business rates are as follows:-
Rateable Value to present £18,750
Uniform Business Rate £0.49.9 (1 April 2023 to present)
Interested parties should verify this information and any transitional adjustments prior to entering into any contract.

LEGAL COSTS
Each party to bear their own legal costs in the transaction.

ESTATE CHARGE
The Tenant is liable to pay the current Estate management charge (approximately £1500)

EPC
The building has an EPC rating of E (116) and is valid until 27.9.2032. A copy of the EPC is available on request.

VIEWING
Strictly by prior appointment with the Landlords sole Agent: