Lease expires in November 2071 (approximately 55 years unexpired)
Rent reviews in November 2035 and November 2056 - rent reviewed to Market Value of Land (1)
Site area of approximately 0.15 acres
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 22
Auction 19th May 2016
Rent £4,200 per Annum Exclusive
Status Sold
Price £123,000
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 area of approximately 0.15 acres, upon which has been constructed a warehouse/workshop comprising approximately 2,742 sq ft on the ground and first floors.
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 area of approximately 0.15 acres, upon which has been constructed a warehouse/workshop comprising approximately 2,742 sq ft on the ground and first floors.
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.
Tenancy & Accommodation
Floor
Use
Site Area
Tenant
Term
Rent p.a.x
Reviews
Ground First
Workshop/Ancillary/Office Office
0.15 acres
S.QUICK ESQ (t/a Ferndown Auto Centre)
99 years from 27/11/1972 until 26/11/2071 on a full repairing and insuring lease
£4,200
27/11/2035 (1) 27/11/2056 (1) reviewed to Market Rental Value of the land
Totals
0.15 acres
£4,200
(1) The rent is reviewed to the current market value of the land, excluding the buildings and any other improvements carried out by the tenant - please see lease. Recent rent reviews (November 2014/April 2015) at Units 1-3 Aerial Park and Unit 36 Uddens Trading Estate were completed at approximately £30,000 per acre.
NB: The floor areas stated above are VOA floor areas (www.voa.gov.uk).
