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    Key features

    • By Order of a Major UK Fund Manager
    • Let to Foster Denovo Limited
    • Comprising total accommodation of 757.1 sq m (8,149 sq ft) ona 0.497 Acre Site
    • Potential for redevelopemt under P D into 12 residential units, subject to consent
    • On-Site parking for approx. 42 cars
    • Vat is Applicable to this Lot
    • 6 Week Completion Available
    • Investment let at £225,000 p.a. (12.5% GIY on Guide Price)

    Description

    The property comprises a modern freehold office building which is arranged on ground and first floors and which benfits from air conditioning, suspended ceilings, raised floors and a reception area and partitioned meeting rooms.


    The property benefots from on-site parking for approximately 42 cars

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor Offices 340.4 sq m (3,664 sq ft)

    First Floor Offices 416.7 sq m (4,485 sq ft)


    Total 757.1 (8,149 sq ft) (IPMS-3)


    Site Area 2 Hectares (0.497 Acres)

    Tenancy

    Entirely let to Foster Denovo Limited on an FR&I lease for a term

    of 10 years from 11th June 2019 at £225,000 per annum.


    The lease provides for a rent review in the 5th year.


    • D&B Rating·     2A 2
    • Turnover·      £39,262,000
    • Shareholders Funds £47,535,000
    • (Source: Incans 29.04.2026)


    Website: www.fosterdenovo.com

    Planning

    The property may lend itself to a variety of alternative uses and redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with the local authority:


    A feasability study into a conversion into 12 residential units under permitted development has been explored by the vendor although no pre app has been made.


    https://www.elmbridge.gov.uk/planning


    Weybridge Business Park which is located drectly opposite and benefits from full planning consent for a redevelopment which will provide 11 New Grade-A Industrial Units ranging from 6,000 sq ft - 54,000 sq ft and providing a total of 180,500 sq ft.

    The site has been cleared but no construction has commenced as yet.

    Rent

    £225,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Weybridge and Addlestone are both affluent Surey commuter towns located approximately 20 miles south-west of Central London.

      Guildford is some 15 miles to the south and other towns in the close vicinity include Chobham, Chertsey and Woking.

      The property is situated on the West side Hamm Moor Lane opposie Weybridge Business Park and immediately to the South of the roundabout juction of Addlestone Road, Dashwood Lang Road, Link Road and Hamm Moor Lane

      Transport

      Weybridge Station provides a regular South Western Railway service to London Waterloo (fastest journey - 24 minutes)

      Addlestone Railway station is the next stop west of Weybridge (4-6 Minutes)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums