Location
The property is located on the outskirts of Ripley, a village settlement within the county of Surrey. Situated on the B2215, the property enjoys a prominent position. The settlement is 4 miles (6.4 km) distance from the M25 motorway (junction 10), 10 km (6.2 mi) southeast of Woking, 11 km (6.8 mi) northeast of Guildford and 38 km (24 mi) southwest of Central London.
Immediate occupiers include Plumb Centre, Shell PFS and NSUWT. Local amenities include Talbot Hotel, Drake’s Restaurant, Kitchen retailer, convenience store, butchers, cobblers and bakery. There are two schools in Ripley, Ripley C of E Primary School and Ripley Court Preparatory School.
The settlement falls within the district of Woking, which has a population of circa 100,000; set over 40,000 homes. Public transport includes local buses, there is no rail link to Ripley. The road network is good, the A3 trunk road is accessed north and south bound at a distance of only 0.5 miles.
Description
The property forms a detached office building arranged on ground and first floor only, it is a modern structure built circa 2000. Amenities include raised floors, suspended ceilings, category 2 lighting, air conditioning, 8 person passenger lift, male & female WC’s on each floor. The building is well appointed throughout. The property sale includes service roads, flower beds, detached substation / detached store and parking for 79 cars.
Planning
The property has an established B1 use, however there is significant scope for an array of alternative uses STPP.
Accommodation
The property holds a net internal area of:
| First Floor | 666.14 | 6,660 |
| Ground Floor | 671.22 | 7,225 |
| TOTAL | 1,337.36 | 13,885 |
Investment opportunity
An opportunity exists to acquire the freehold interest in a modern multiple let modern office building. The property is offered subject to the existing leases with an annual rental income of £206,480 per annum (see tenancy schedule).
Tenure
The property is held freehold. Perry Hill are acting as agents for the Fixed Charge Receivers,
JLE PYLE & V PABARI.
Investment considerations
- A modern fully let, well maintained office building
- Annual income production of £206,480 per annum
- The site could be suitable for conversion/extension/development (STPP)
VAT
The property is elected to VAT, VAT is payable on purchase price.
Price
Offers for the freehold interest are sought at £2.35 million, subject to contract, exclusive of VAT and net of purchaser’s costs.
Fees
Each party to bear its own costs in relation the sale.
