Unit 2 Molesey Business Centre, 39 Central Avenue West Molesey, Surrey KT8 2QZ
TILECO GROUP
Location Estimated District Population: 121,000 Miles: 5 miles west of Kingston upon Thames 5 miles south-west of Richmond-upon-Thames 18 miles south-west of Central London
Roads: A308, M3, M25 For identification purposes only – please see title documentation.
Position The property forms part of an established industrial area between Molesey Avenue and Island Farm Road. The property is located on Central Avenue, the main arterial road into the industrial estate.
Rent £96,000 pa
FreeholdWarehouse/ Office Investment • Let to Tileco Group Limited
• Lease expires March 2018 (subject to option)
• Established commercial location in popular Surrey town
• 30Working Day Completion available
Nearby: IPS Specials, Seat Garage and Elektron Components
Description WAREHOUSE/OFFICE arranged on the ground and first floors. The property benefits from a secure rear yard area for loading and parking.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Offices/Warehouse Offices/Ancillary
Total Commercial Area Gross Internal Areas
648.90 sq m 200.67 sq m
849.57 sq m
(6,985 sq ft) (2,160 sq ft)
(9,145 sq ft)
(1) Tileco Group offer a range of building façades and cladding materials for use in various commercial projects. The company also supplies a collection of wall and floor tile ranges for use in washrooms and bathrooms and serve various companies in the retail, leisure, restaurant, residential, hospitality and commercial sectors throughout the UK. For the year to 12/10, Tileco Group Limited reported a turnover of £2.3 million, pre-tax profits of £300,000 and a net worth of £7 million. (Source: One Source One-Stop Report) (2) There is a tenant only break option in 2015 – please see lease.
Lease Term: Approximately 15 years from 28th March 2003 Basis: FRI Rent:
£96,000 pa
Review: 2013 Expiry: 31st March 2018 (2)
VAT is applicable to this lot – please see Special Conditions of Sale.
Tenure Freehold.
Tenant TILECO GROUP LIMITED (1)
44
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor TaylorWessing LLP. t: 0207 300 7000. e: c.komodromou@taylorwessing.com Ref: C Komodromou Esq.