Leases expire in September 2109 and March 2111 (over 93 years unexpired)
Imminent and important rent review on Unit 38 in April 2017 (Unit 37 rent review in September 2015 recently completed at rent equating to £8 p.s.f.)
Recent increase in rent on Unit 37 to £15,156.80 per annum in September 2015 (equating to £8 p.s.f)
Notice served on Unit 38 proposing new rent of £13,500 per annum exclusive
5 yearly rent reviews on both units - rents reviewed to 20% of rack rental value of each premises
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 5
Auction 19th May 2016
Rent £23,956 per Annum Exclusive
Status Sold
Price £580,000
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 Bayquest.
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 Bayquest.
Tenure
Freehold.
Description
The property comprises two buildings each arranged 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 two buildings each arranged 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
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground & First (Unit 37)
Offices/Workshop
880.07 sq m
(9,493 sq ft)
TRUSTEES OF DENTON SIPP - P.HELME (t/a Farrow & Ball)
