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WATCHMOOR TRADE CENTRE CAMBERLEY, SURREY GU15 3AJ SOUTH EAST MULTI LET INDUSTRIAL / WORKSHOP INVESTMENT
WATCHMOOR TRADE CENTRE CAMBERLEY, SURREY GU15 3AJ
SOUTH EAST MULTI LET INDUSTRIAL / WORKSHOP INVESTMENT
WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 2
Watchmoor Road
Riverside Way
A331
A30 (London Rd)
Watchmoor Trade Centre
WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 3
INVESTMENT SUMMARYt Located in Camberley, A key industrial corridor for the south east with
direct access to the M3 Motorway.
t A multi-let two story industrial / workshop estate situated just 2 minutes’ drive from the A30 and A331.
t Comprising 26 fully let self-contained units providing a total floor area of 22,547 sq ft.
t All leases let on flexible terms.
t The property benefits from excellent tenant retention.
t Majority of units benefit from business rates relief due to small unit sizes.
t Total rent of £231,133 per annum.
t Established ERV of £11.00 psf on the industral accommodation with strong potential for further rental growth.
t Freehold.
t Offers in excess of £3,102,000 THREE MILLION ONE HUNDRED AND TWO THOUSAND POUNDS), subject to contract and exclusive of VAT.
t Net initial yield of 7.0% and a potential reversionary yield of 7.90% after allowance for purchaser’s costs of 6.46%.
WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 4
LOCATIONCamberley is an affluent commuter town and commercial centre at the border of Hampshire, Berkshire and Surrey in the Blackwater Valley. The town is located approximately 18 miles (28.8 km) south east of Reading, 5 miles (8 km) north of Farnborough, 18 miles (28.8km) east of Basingstoke and 34 miles (54.4 km) south west of London.
Road communications in Camberley are excellent with the town well connected with major roads to include the A30 and the A331. Junction 4 of the M3 serves the town connecting Camberley to London and the wider UK motorway network.
Rail links in Camberley are excellent with the town strategically located in close proximity to a number of mainline stations include Blackwater Station, Camberley Station, Frimley Station and Farnborough. Each station provides regular direct services to London with a fastest journey time of approximately 1 hour 10 minutes.
Camberley’s location is a key industrial corridor due to its access direct to the M3 and the wider south east. Demand for industrial space has continued to rise year on year with a number of retailers and trade industrial occupiers locating their business within the area, to include: Amazon, BAE Systems and DPD.
FRIMLEY RD
CAMBERLEY
WatchmoorTradeCentre
WatchmoorTradeCentre
NOT TO SCALE
SITUATIONWatchmoor Trade Centre is situated on the north side of watchmoor road at its junction with Riverside Way within Camberley’s key industrial district less than 2 minutes’ drive from the A30 to the north and A331 to the west.
Local occupiers in the area include Selco, Screwfix, Fedex, Travis Perkins and Tool Station among many others.
FRIMLEY RD
CAMBERLEY
WatchmoorTradeCentre
WatchmoorTradeCentre
NOT TO SCALE
WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 5
DESCRIPTION TENUREWatchmoor Trade Centre comprises a part two storey detached industrial / workshop building with a self-contained car park.
The property provides 26 self-contained units providing a total floor area of 22,547 sq ft arranged over ground and first floor/mezzanine levels. Each unit offers flexible accommodation with a mixture of cellular and open plan units, all with good natural light and arranged as workshops, storerooms, warehouses and offices.
The specification of the industrial accommodation fronting onto the main yard benefits from concrete floors with exposed blockwork walls and suspended ceilings. The majority of the industrial and workshop units have air conditioning, wall mounted heaters and mobile units.
The property has a site area of approximately 0.91 acres.
Freehold.
OS Plan Black / White
Metres0 5 10 20 30 40 50
Scale: 1: 1250
WATCHMOOR TRADE CENTREWATCHMOOR ROAD
CAMBERLEYGU15 3AJ
Supplied by: National Map CentreLicense number: 100031961Produced: 26/01/2021Serial number: 10203
Plot centre co-ordinates: 486450,159478Download file:Project name: LewisP_WatchmoorTC
© Crown copyright and database rights 2021. OS 100031961
WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 6
TENANCY AND ACCOMMODATION The subject property is multi let in accordance with the tenancy and accommodation schedule below producing a current income of £231,133 per annum.
Address Tenant Area (Sq m)
Area (Sq ft)
Lease Start
Lease Expiry
Rent Review Breaks Rent
(£pa)Rent (£psf) EPC ERV ERV
(psf) Comments
Industrial
Unit 1 Aria Catering Ltd 148.64 1,600 01-Nov-19 31-Oct-22 n/a n/a £17,800 £11.13 C £17,760 £11.10
Unit 2 Delvaux Ltd 148.64 1,600 01-Aug-16 31-Jul-22 n/a Rolling £17,766 £11.10 D £17,760 £11.10
Unit 3 Surrey Fire & Safety Ltd 148.64 1,600 01-Dec-15 30-Nov-21 n/a Rolling £17,766 £11.10 D £17,760 £11.10
Unit 4 Janice Mary Green & Steve Optix T/A Brendas 148.64 1,600 01-Dec-19 30-Nov-24 n/a 30-Nov-22 £17,800 £11.13 E £17,760 £11.10
Unit 5 4Wheeler Ltd 292.64 3,150 01-Nov-16 31-Oct-26 01-Nov-21 Rolling £27,000 £8.57 D £34,965 £11.10
Unit 6 Extreme Homecare Ltd 116.13 1,250 25-Jul-19 24-Jul-24 n/a n/a £13,438 £10.75 D £13,875 £11.10
Unit 7 Fire Training & Services UK Ltd 92.90 1,000 14-Apr-20 13-Apr-25 n/a 14-Apr-23 £11,000 £11.00 E £11,100 £11.10
Unit 8 A-Spec Environmental Ltd 92.90 1,000 15-Jun-20 14-Jun-23 n/a n/a £11,000 £11.00 E £11,100 £11.10
Unit 9 Globe Electronics (UK) Ltd 92.90 1,000 26-Aug-20 25-Aug-23 n/a n/a £11,000 £11.00 D £11,100 £11.10
Unit 10 P.J.W. Global Ltd 92.90 1,000 01-Feb-20 31-Jan-23 n/a n/a £11,000 £11.00 E £11,100 £11.10
Workshop
Unit 11 Pamela Jane Bridal Boutique Ltd 55.74 600 01-Oct-19 30-Sep-22 n/a 01-Oct-21 £4,500 £7.50 D £7,500 £12.50
Unit 11A WER4 Ltd 46.45 500 01-Sep-20 31-Aug-23 n/a 01-Mar-22 £5,500 £11.00 D £6,250 £12.50
Unit 12 Anne Matthews 18.58 200 10-Dec-19 09-Dec-22 n/a n/a £2,000 £10.00 E £2,500 £12.50
Unit 14 Liam Vickery T/A D & L Ceramics 18.58 200 16-Jan-17 15-Jan-23 16-Jan-20 Rolling £2,000 £10.00 D £2,500 £12.50
Unit 15 Complete Coaching Associates Ltd 65.59 706 01-Jan-19 31-Dec-23 n/a n/a £8,900 £12.61 C £8,825 £12.50
Unit 15A Plus Store A-Spec Environmental Ltd 18.30 197 07-Aug-20 14-Jun-23 n/a n/a £3,176 £16.12 D £2,462 £12.50
Unit 15B Regency Kitchens & Bathrooms Ltd 20.44 220 01-Jan-18 31-Dec-23 31-Dec-20 Rolling £2,720 £12.36 D £2,750 £12.50
Unit 16 Logic Contract Services Ltd 50.17 540 22-May-18 21-May-24 21-May-21 Rolling £4,860 £9.00 C £6,750 £12.50
Unit 17 Global Broadcast Ltd 77.11 830 01-Jul-18 30-Jun-24 30-Jun-21 Rolling £4,565 £5.50 D £10,375 £12.50
Unit 18 Prystine Ltd 29.82 321 01-Mar-16 28-Feb-22 n/a Rolling £2,889 £9.00 E £4,012 £12.50
Unit 19 Landlord Store 5.57 60 n/a n/a n/a n/a £- £- n/a £750 £12.50
Unit A PJW Global Ltd 60.39 650 07-Aug-20 31-Jan-23 n/a n/a £7,150 £11.00 E £8,125 £12.50
Unit B RB Plumbing and Heating South Ltd 118.26 1,273 01-Jan-17 31-Dec-22 01-Jan-20 Rolling £14,003 £11.00 D £15,912 £12.50
Unit C Ryan David James Salmon 13.94 150 08-Jul-19 07-Jul-22 n/a 08-Jan-21 £1,200 £8.00 D £1,875 £12.50
Unit D H.U.F Ltd t/a Papaya Decorating 78.97 850 01-Jan-19 31-Dec-21 n/a n/a £8,500 £10.00 D £10,625 £12.50
Unit E Front Management 41.81 450 01-Oct-18 30-Sep-21 n/a 01-Oct-20 £3,600 £8.00 E £5,625 £12.50
Total 2,094.67 22,547 £231,133 £261,117
WATCHMOOR TRADE CENTRE, WATCHMOOR ROAD, CAMBERLEY, SURREY GU15 3AJ 7
ERVThe lettings of units 7, 8 and 9 in the last 12 months has established an ERV of £11.00 psf for the industrial accommodation. Furthermore, in the last 6 months there have been several lettings and lease renewals nearby that have achieved rents of approximately £15.00 psf. Therefore we understand there is a great opportunity for a purchaser to benefit from further future rental growth.
VAT PROPOSAL
Value added tax will / will not be applicable to the sale of this property. Offers in excess of £3,102,000 (THREE MILLION ONE HUNDRED AND TWO THOUSAND POUNDS), subject to contract and exclusive of VAT.
A purchase at this level will reflect a net initial yield of 7.0% and a potential reversionary yield of 7.90% after allowance for purchaser’s costs of 6.46%.
CONTACT
Stephen RaingoldM: 07775 647 [email protected]
Joseph RantorM: 07976 599 [email protected]
For further information contact the joint agents:
Duncan MacLaren MRICS D: 020 7317 3132M: 07770 648 [email protected]
15/19 Cavendish Place, London W1G 0QE Tel: 020 7580 4333 www.lewisandpartners.com
Suite 4, 56 Queen Anne Street, London W1G 8LA Tel: 020 7317 3131
LEWIS & PARTNERS LLP AND MACLAREN & PARTNERS FOR THEMSELVES AND FOR THE VENDORS OF THIS PROPERTY WHOSE AGENT THEY ARE GIVE NOTICE THAT:-
1. These particulars do not constitute any part of the offer for sale or contract for sale.2. All statements contained in these particulars as to this property are made without responsibility on the part of Lewis & Partners LLP and MacLaren & Partners or the vendors or lessors.3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.4. Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars.5. Any plans or photographs or drawings shown in these particulars are to enable prospective purchasers or tenants to locate the property. The plans are photographically reproduced and therefore not to scale except where expressly stated. The plans, photographs or drawings are for identificationpurposesonly.6. No warranty or undertaking is given in respect of the repair or condition of the properties or any items expressed to be included in the sale.
7. Any properties or drawings of the relevant property or part thereof or the neighbouring areas may not depict the property or the neighbouring areas at the date a prospective purchaser or tenant inspects the property. Prospective purchasers are strongly advised to inspect the property and neighbouring areas.8. Lewis & Partners LLP and MacLaren & Partners have not measured the property and have relied upon clients information. Therefore Lewis & Partners LLP and MacLaren & Partners give no warranty as to their correctness or otherwise and the purchasers must rely on their own measurements.9. All terms quoted are exclusive of value added tax unless otherwise stated.10. The vendors do not make nor do Lewis & Partners LLP and MacLaren & Partners any person(s) in their employment give any warranty whatsoever in relation to this property.11. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment.12. These details were prepared as of February 2021
Adrian Gates Photography & Design 07710 316 991
SUBJECT TO CONTRACT AND EXCLUSIVE OF VAT
