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1 Lyon Road, Hersham, 1 Lyon Road, Walton-on-Thames, KT12 3PU

15,525 sq ft (1,443 sq m)

Description

The property comprises a detached 2-storey warehouse and office building constructed in the late 1950’s / early 1960’s.  The warehouse is of a concrete frame with brick elevations under a pitched overclad roof.  The exterior of the front of the building has been re-clad in an attractive steel cladding system.  

  • Greater London single let 15,525 sq ft (1,443 sqm) warehouse & office property with 22 car spaces. 
  • Situated on the established Hersham Trading Estate being some 4 miles from J10 of the M25  
  • Let to Advanced Logistics for Aerospace (UK) Limited, (Dun & Bradstreet rating 2A 2 - lower than average risk), a wholly owned subsidiary of ALA SpA, an Italian Public Limited Company. ·
  • Tenant holds a FRI 10 year lease from 25th March 2018 granted inside the Landlord & Tenant Act. 
  • A Tenants only break option on 25th March 2023, subject to no less than 6 months’ prior notice. 
  • One upward only rent review to market value on 25th March 2023. 
  • Passing rent of £155,250 per annum, reflecting £10.00 per sq ft overall. 
  • Site area of 0.36 acres which reflects a site cover of approx 59%. 
  • Freehold 
  • VAT elected.  We understand the purchase can be treated as a Transfer of a Going Concern (TOGC).  
  • Reversionary rent and strong levels of occupational demand in the area, thereby providing excellent prospects for future rental growth.   

 

Amenities

  • Fluorescent Lighting
  • Gas Fired Central Heating
  • Kitchen
  • Comfort Cooling
  • Parking
  • Male and Female Toilets
  • 3 Phase Power
  • Forecourt
  • Electric Roller Shutter Door

Accommodation

Floor Size
Ground Floor Warehouse 7,632 sq ft (709 sq m)
Ground Floor Store 175 sq ft (16 sq m)
Garage Store 226 sq ft (21 sq m)
First Floor Offices 7,492 sq ft (696 sq m)
Total 15,525 sq ft (1,443 sq m)

Viewing

Viewing strictly by prior appointment with the sole agent:

Bob Cattaneo

T: 020 8546 2166
E: Email Agent

Andrew Armiger

T: 020 8546 2166
E: Email Agent

Adam Soliman

T: 020 8546 2166
E: Email Agent