Important Reversion on expiry of ground rent lease in March 2026(Approximately 10 years unexpired)
Previous rent reviews in ground lease reviewed to Market Rental Value of the Land
Unit 37 rent review recently completed at a rent equating to approximately £8 p.s.f.
4,904 sq ft on site area of approximately 0.25 acres
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 50
Auction 19th May 2016
Rent £6,650 per Annum Exclusive
Status Sold
Price £205,000
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 warehouse building arranged on the ground floor only. The approximate site area is 0.25 acres.
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 warehouse building arranged on the ground floor only. The approximate site area is 0.25 acres.
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.
20 years from 01/04/2006 on a full repairing and insuring lease
£6,650 (1)
31/03/2026 (2)
Totals
455.58 sq m
(4,904 sq ft)
£6,650
(1) Previous rent reviews in ground lease to Market Rental Value of the Land. (2) The ground lease expires in March 2026. A rent review on nearby Unit 37 was recently completed (September 2015) at a rent equating to approximately £8 p.s.f.
