Lease expires in May 2124 (approximately 108 years unexpired)
Important rent review outstanding from December 2015 - notice served proposing new rent at £10,350 per annum
5 yearly rent reviews to Market Rental Value of the land (1)
Site area of approximately 0.28 acres
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 12
Auction 19th May 2016
Rent £7,000 per Annum Exclusive
Status Sold
Price £167,500
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles north-west of Bournemouth, 30 miles south-west of Southampton
Roads
A31, A3049, A350
Air
Bournemouth Airport
Situation
The property is situated on the strategically located Uddens Trading Estate, which sits a short distance from the A31, a major trunk road connecting with the M27. Uddens Trading Estate adjoins Ferndown Industrial Estate, providing the largest industrial area within the East Dorset locality. Other occupiers on the estate include DPD and Farrow & Ball.
Tenure
Freehold.
Location
Miles
9 miles north-west of Bournemouth, 30 miles south-west of Southampton
Roads
A31, A3049, A350
Air
Bournemouth Airport
Situation
The property is situated on the strategically located Uddens Trading Estate, which sits a short distance from the A31, a major trunk road connecting with the M27. Uddens Trading Estate adjoins Ferndown Industrial Estate, providing the largest industrial area within the East Dorset locality. Other occupiers on the estate include DPD and Farrow & Ball.
Tenure
Freehold.
Description
The property comprises a site of approximately 0.28 acres, upon which has been constructed a warehouse comprising approximately 8,753 sq ft on the ground floor only.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 0.28 acres, upon which has been constructed a warehouse comprising approximately 8,753 sq ft on the ground floor only.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
125 years from 12/05/1999 on a full repairing and insuring lease until 11/05/2124
£7,000 (£25,000 per acre)
22/12/2015 (1) and five yearly thereafter reviewed to Market Rental Value of the land
Totals
0.28 acres
£7,000
(1) The December 2015 rent review is outstanding. Notice has been served at £10,350 per annum. Recent rent reviews (November 2014/April 2015) at Units 1-3 Aerial Park and Unit 36 Uddens Trading Estate, were settled (in November 2014 and April 2015) at approximately £30,000 per acre.
