Gatwick Metro Centre, Balcombe Road, Horley

LOCATION

Gatwick Metro Centre is situated on the east side of Balcombe Road close to Horley town centre and A23 London-Brighton Road.  Gatwick Airport is approximately 2 miles to the south and Junction 9 of the M23 approximately 2 ½ miles.

DESCRIPTION

Situated on a well-established and thriving estate comprising of modern industrial/warehouse units of steel portal frame construction. Unit 14 with brick and clad elevations is currently fitted out to a high quality standard with warehouse to the ground floor plus reception office and ancillary space to suit the current occupier.

There is a mezzanine to the right hand side section providing bright and good quality air conditioned dance studios to the first floor currently arranged as three dance studios, two on the mezzanine plus the ground floor. The ground floor is arranged as a smart entrance reception with reception office, well-appointed male and female WCs, kitchen and comms room with internal staircase to the mezzanine. The warehouse area plus skylights provides full height warehousing of approximately 674 sq ft with additional 308 sq ft of warehousing with restricted height below the offices. Warehousing with concreted floor offers 3-phase power, gas fired central heating boiler, powered roller shutter 9’1 high x 6’9 wide.

The mezzanine forms two dance studios with Daikin air conditioning units, matted floor, suspended ceiling and modern lighting. The building also benefits from security entry phone so access can be provided from the mezzanine offices, alarm and CCTV. The current arrangement can easily be altered to provide a different configuration of space to suit the new occupier by rearranging or altering partitioning. Unit 14 benefits from a spacious forecourt providing loading area and parking overall allowing parking for around four cars. In addition, there is a separate parking space behind the Unit that can be rented by separate negotiation.

Ground Floor                                                1446 sq ft  GIA (136.24 sq m)

Mezzanine                                                      720 sq ft  GIA   (66.91 sq m)                  

Warehouse Full Height                                 674 sq ft           (62.63 sq m)        

Warehouse Restricted Height                     308 sq ft           (28.62 sq m)

Warehouse Total                                           982 sq ft           (91.26 sq m)                                                                   

TOTAL GROSS INTERNAL AREA 2166 SQ FT (201.30 sq m)

TENURE AND PRICE

We are instructed to sell the freehold interest subject to the existing lease at a guide price of Offers in the region of £425,000.

VAT

We understand the premises are not subject to VAT.

EXISTING LEASE TERMS

The premises are subject to a 10 year fully repairing and insuring lease granted to Aimee-Marie Bow trading as SSPA Studios for a term of 10 years from 13.3.23 to 12.3.28 at a passing rent of £27,500 pax. The lease is excluded from the LTA 1954 and provides for an upward only rent review at the end of the fifth year of the term and a Tenant break provision at the end of the fifth year of the term also. Robinsons arranged this letting and initially a rent deposit of £11,500 was held but this reduced at the end of the second year of the term to £6875 due to the Tenant proving to be reliable and meeting their rental commitments .

RATES

From Internet enquiries only, the business rates are as follows:-

Rateable Value to present                                      £18,750                                 

Uniform Business Rate                                           £0.49.9 (1 April 2023 to present)

Interested parties should verify this information and any transitional adjustments prior to entering into any contract.

LEGAL COSTS

Each party to bear their own legal costs in the transaction.

ESTATE CHARGE

The Tenant is liable to pay the current Estate management charge (approximately £1500)

EPC

The building has an EPC rating of E (116) and is valid until 27.9.2032. A copy of the EPC is available on request. 

VIEWING                                                          

Strictly by prior appointment with the Landlords sole Agent:

ROBINSONS

www.robinsonsmb.com

Steve Lane 01737 229200

• Excellent industrial investment opportunity
• Two storey unit offering excellent versatility with warehousing and offices
• Currently subject to a 10 year lease granted to SSP Dance Studios from 13.3.23 at £27,500
• Forecourt parking and loading bay with powered roller shutter and reception entrance
• Located in a smart and thriving industrial estate
• Total internal area approx 2166 sq ft GIA (201.30 sq m)