Heath Place off Ash Grove Bognor Regis West Sussex PO22 9SL

  • Heath Place<br>off Ash Grove<br>Bognor Regis<br>West Sussex<br>PO22 9SL

Heath Place
off Ash Grove
Bognor Regis
West Sussex
PO22 9SL

Substantial Freehold Industrial Investment

  • Majority let to URT Composites Limited
  • Tenant did not exercise their 2016 break option
  • Approximately 8,296.12 sq m (89,301 sq ft)
  • Approximate site area of 2.51 hectares (6.20 acres)
  • Includes car parking for approximately 100 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    18
  • Auction
    19th May 2016
  • Rent
    £289,136 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
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Substantial Freehold Industrial Investment

  • Majority let to URT Composites Limited
  • Tenant did not exercise their 2016 break option
  • Approximately 8,296.12 sq m (89,301 sq ft)
  • Approximate site area of 2.51 hectares (6.20 acres)
  • Includes car parking for approximately 100 cars
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 18
  • Auction 19th May 2016
  • Rent £289,136 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Industrial, Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte

Property Information

Location
Miles
7 miles south-east of Chichester, 24 miles west of Brighton, 37 miles south of Guildford
Roads
A3 A27 A280 A529
Rail
Bognor Regis Railway Station
Air
London Gatwick Airport
Situation

The property is situated to the north of Bognor Regis on Heath Place. It is adjacent to Castlegrove Business Park and Ash Grove Industrial Park. The estate is in close proximity to the A29 and the A259 and both provide direct access to the A27.

Tenure

Freehold.

Location
Miles
7 miles south-east of Chichester, 24 miles west of Brighton, 37 miles south of Guildford
Roads
A3 A27 A280 A529
Rail
Bognor Regis Railway Station
Air
London Gatwick Airport
Situation

The property is situated to the north of Bognor Regis on Heath Place. It is adjacent to Castlegrove Business Park and Ash Grove Industrial Park. The estate is in close proximity to the A29 and the A259 and both provide direct access to the A27.

Tenure

Freehold.

Description

The property comprises a detached industrial building which has been subdivided into three units. Parking is provided to the north and west of the unit for some 100 cars. The property benefits from a total approximate site area of 2.51 hectares (6.20 acres).

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability. NB. The tenant benefits from a pre-emption right. The contract is conditional on the tenant being served a pre-emption notice upon exchange of contracts. The tenant has 30 working days to respond to the pre-emption notice. For further details please refer to the special conditions.

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 detached industrial building which has been subdivided into three units. Parking is provided to the north and west of the unit for some 100 cars. The property benefits from a total approximate site area of 2.51 hectares (6.20 acres).

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability. NB. The tenant benefits from a pre-emption right. The contract is conditional on the tenant being served a pre-emption notice upon exchange of contracts. The tenant has 30 working days to respond to the pre-emption notice. For further details please refer to the special conditions.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review (Reversion)
Part Ground Industrial
4,020.74 sq m
(43,280 sq ft)
 URT COMPOSITES
LIMITED (1)		 10 years from 01/03/2011 £175,000 01/03/2016
(28/02/2021)
Part Ground & Part First Industrial
2,605.86 sq m
(28,050 sq ft)
 URT COMPOSITES
LIMITED (1)		 Approx 9 years & 4 months from 31/10/2011 £114,136 31/10/2016
(28/02/2021)
Part Ground & Part First Industrial
1,669.52 sq m
(17,971 sq ft)
 VACANT      
Totals  
8,296.12 sq m
(89,301 sq ft)
     £289,136

(1) URT Composites Limited is a subsidiary of URT Group Limited, a high-quality manufacturer of composite parts and structures who works with clients in a wide brange of industries: defence, motorsport, automotive, aerospace, marine and leisure (Source: www.urtgroupltd.com). For the year ending 30th June 2015, URT Composites Limited reported a turnover of £6,841,586, pre-tax profits of £98,785 and a total net worth of £436,464 (Source: Experian Group 20/04/2016

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade, Abbey Square
Reading
RG1 3BE
Gaye King 0207 071 7341gaye.king@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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