Open Storage Yard Investment For Sale in Horley, Surrey

This property is marketed by:
Bonsors / SHW

0.40 ACRES - 17,609 SQ FT Freehold Open Storage Investment Producing £75,000.  

OIEO £885,000 / 8.02% Lock’d Self Storage, Balcombe Road, Horley, RH6 9HT 

Key Features

• Horley is strategically located between Gatwick Airport and the M25
• Prominent town centre location close to railway station
• Easy access to the A25 and A217 as well as Junction 9 of the M23
• Comprises a total site area of 0.40 acres (17,609 sq. ft).
• 15-year Lease, 5-yearly rent reviews to OMRV.
• Potential for future development
• Current annual income £75,000 pax
• Offers are invited in excess of £885,000. A purchase at this level will show a net initial yield of 8.02%

Description

The entire site is entirely laid to concrete and is arranged as a self-storage facility, providing drive-up container units of various sizes for personal and business storage. The facility features secure access (pin code entry), 24/7 and monitored CCTV, all operated by the tenant.

Location

Horley is located around 25 miles south of central London, 5 miles north of Crawley and 7 miles south of Redhill, while Reigate is 6 miles to the northwest. Horley Station provides direct routes to London Victoria and London Bridge in approximately 30-40 minutes. The town is also well connected by road with easy access to Junction 9 of the M23 that connects the M25 to the north and Brighton to the south. Horley town centre has a variety of shops, cafes, supermarkets, restaurants, and pubs. It includes major retailers alongside independent shops. The property is located along the Balcombe Road to the east of the town centre, in an established industrial location adjacent to The Bridge Industrial estate and The Gatwick Metro Centre.