Lease expires in June 2115 (over 98 years unexpired)
5 yearly rent reviews to Market Rental Value of the Land
Site Area of Approximately 0.51 acres
Established Industrial Estate
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 34
Auction 13th October 2016
Rent £15,300 per Annum Exclusive
Status Sold
Price £355,000
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre 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 Farrow & Ball, 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 Farrow & Ball, DPD and Bayquest.
Tenure
Freehold.
Description
The property comprises a site of approximately 0.51 acres, upon which has been constructed a detached industrial/warehouse building comprising approximately 10,766 sq ft on the ground and first floors. The property has been divided into five separate units. The property benefits from parking for over 20 cars as well as a rear yard for loading.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 0.51 acres, upon which has been constructed a detached industrial/warehouse building comprising approximately 10,766 sq ft on the ground and first floors. The property has been divided into five separate units. The property benefits from parking for over 20 cars as well as a rear yard for loading.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Review
Ground/First
Industrial/ Warehouse/ Ancillary
0.51 acres
BELMORE ESTATES LIMITED (1) ON ASSIGNMENT FROM ACRELON LIMITED (2)
125 years from 01/07/1990 until 30/06/2115
£15,300 (increased from £13,200 per annum in 2015)
01/07/2020 and five yearly thereafter reviewed to Market Rental Value of the land
Totals
0.51 acres
£15,300
(1) For the year ending 30th June 2015, Belmore Estates limited reported a total net worth of £1,186,958 (Source: Experian Group 06/09/2016). We understand the property has been sublet to five tenants at a total sublet rent of £38,650 per annum. (2) For the year ending 30th September 2015, Acrelon Limited reported a net worth of £723,892 (Source: Experian Group 06/09/2016).
