Potential Change of Use to Residential (subject to leases and consents)
Close to Sainsbury’s and Marks & Spencer
VAT-free investment
Close to Alton town centre
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 47
Auction 13th October 2016
Rent £40,000 per Annum Exclusive
Status Sold
Price £385,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
17 miles north-east of Winchester, 20 miles south-west of Guildford
Roads
A3, M3
Rail
Alton Railway Station
Air
London Heathrow Airport, Southampton Airport
Situation
The property is situated on the southern side of Turk Street, between its junctions with Maltings Close and St Mary's Close, a short walk from the town centre. Retailers represented in the town include Sainsbury's Supermarket, Marks & Spencer, Boots the Chemist, Pizza Express, Prezzo, Caffè Nero and branches of Nationwide, HSBC and NatWest banks.
Tenure
Freehold.
Location
Miles
17 miles north-east of Winchester, 20 miles south-west of Guildford
Roads
A3, M3
Rail
Alton Railway Station
Air
London Heathrow Airport, Southampton Airport
Situation
The property is situated on the southern side of Turk Street, between its junctions with Maltings Close and St Mary's Close, a short walk from the town centre. Retailers represented in the town include Sainsbury's Supermarket, Marks & Spencer, Boots the Chemist, Pizza Express, Prezzo, Caffè Nero and branches of Nationwide, HSBC and NatWest banks.
Tenure
Freehold.
Description
The property comprises an office building with office accommodation at basement, ground, mezzanine, first and second floors. The property benefits from car parking for approximately 13 cars.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an office building with office accommodation at basement, ground, mezzanine, first and second floors. The property benefits from car parking for approximately 13 cars.
VAT
VAT is not 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
Reviews
Basement/Ground/ Mezzanine (plus 5 car park spaces)
Offices/ Ancillary
108.60 sq m
(1,169 sq ft)
ATTICUS HOLDINGS LIMITED t/a Financial Discounts Direct (1)
10 years from 25/12/2008 (2)
£15,500
(24/12/2018)
First (plus 5 car park spaces)
Offices/ Ancillary
107.12 sq m
(1,153 sq ft)
FOX & CO (ACCOUNTANTS) LIMITED (3)
10 years from 25/12/2008 (2)
£15,000
(24/12/2018)
Second (plus 3 car park spaces)
Offices/ Ancillary
70.95 sq m
(764 sq ft)
R. RAZACK t/a College of Contract Management United Kingdom
2 years from 08/08/2016
£9,500 (4)
(24/12/2018)
Totals
286.67 sq m
(3,086 sq ft)
£40,000
(1) Atticus Holdings Limited (trading as Financial Discounts Direct Limited) provide a discount dealing and information service to private investors who wish to make their own investment choices and purchase financial products on favourable terms. The business has grown rapidly and is now one of the leading discount brokers in the UK with over £400,000,000 invested on behalf of more than 35,000 clients (Source: www.financialdiscounts.com 12/09/2016). (2) These leases are contracted outside of the Security of Tenure provisions of the Landlord & Tenant Act 1954. (3) Fox & Co was incorporated in 2005 following the merger of two practices which had been established in the Alton and Basingstoke area since 1989 (Source: www.foxco.co.uk 12/09/2016). (4) This rent is inclusive of service charge and building insurance.
