Unit 1-3 Monopoly Barn West Park Rd 2,909 SF 100% Leased Office Building Lingfield RH7 6HT £625,000 (£214.85/SF)

The investment consists of a single property divided into 3 commercial units

Investment Highlights:

Securely let income producing investment

10 minutes from Gatwick and the surrounding areas

Privately held Freehold

SITUATION
The property is prominently located on West Park Road (B2028), a short distance to the south-west of the junction with the A22 (London - Eastbourne Road) and within approximately 8 miles of Junction 6 of the M25 and 3 miles of Junction 10 of the M23. The immediate vicinity is a mix of residential and some commercial uses with woodland and farmland to the rear.
Newchapel is a Surrey hamlet spread across various highways surrounding the property, it has no specific centre or commercial hub but is well known for being the home of the London Temple of The Church of Jesus Christ of Latter-day Saints. The larger settlement of Lingfield lies about 3 miles to the north-east and provides a range of retail outlets and other amenities. The bigger towns of East Grinstead are 4 miles to the south-east, Horley town centre and railway station about 5 miles to the west and Crawley about 6 miles to the south-west.

DESCRIPTION
The subject property is accessed directly from the B2028, West Park Road, and comprises the main building known as Monopoly Barn which is split into three vertically divided commercial units. The building sits towards the front of the site with a small concrete apron separating it from the highway, and to the rear is a large tarmac surfaced car park providing spaces for about eighteen vehicles
The site is mainly enclosed by timber, close boarded fencing and has an area of 0.084 ha or 0.206 acres. Vehicular access to the property is across a small concrete surfaced yard, which is in the ownership of a neighbour, but is not used by any third party.

We understand the building has its origins as an agricultural barn which was substantially reconstructed by the owner whilst retaining much of its original character of weatherboard main elevations and mixture of brick and rendered elevations to the rear.

TENURE
Freehold - The property is held by way of freehold tenure under title number SY763863.

TERMS
Offers are invited at £625,000 for the Freehold interest. The asset is not held within any SPV and is sold subject to contract. The property is not elected for VAT

RATEABLE VALUE: 1 April 2023 to present
Unit 1 - £13,000
Unit 2 - £8,600
Unit 3 - £9,800

You may get small business rate relief if your property’s rateable value is less than £15,000. How much small business rate relief you get depends on your property’s rateable value. You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.

ENERGY PREFORMANCE CERTIFICATE
Valid through to 2028. Details on request.

VIEWING
For viewing and further information please contact the selling agents RH & RW Clutton on[use Contact Agent Button].

Benedict Hall / Katie Daly
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