Exchange House 33 Station Road Liphook Hampshire GU30 7DW

Exchange House
33 Station Road
Liphook
Hampshire
GU30 7DW

Freehold Office and Residential Investment

Multi-let modern office building
Tenants include Metoc Limited (part of Intertek Group) and Dreams Come True charity
Self-contained one bedroom flat at second floor
Affluent Hampshire location
Future residential development potential (subject to consents)

Lot
51
Auction
13th July 2017
Rent
£135,620 per Annum Exclusive
Status
Sold
Price
£1,450,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office and Residential Investment

Multi-let modern office building
Tenants include Metoc Limited (part of Intertek Group) and Dreams Come True charity
Self-contained one bedroom flat at second floor
Affluent Hampshire location
Future residential development potential (subject to consents)

Lot 51
Auction 13th July 2017
Rent £135,620 per Annum Exclusive
Status Sold
Price £1,450,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 48 miles south-west of London, 34 miles south of Reading, 26 miles east of Winchester, 19 miles south-west of Guildford
Roads: A3
Rail: Liphook Rail (64 minutes to London Waterloo)
Air: London Heathrow Airport, London Gatwick Airport

Situation

Liphook is located on the West Sussex border, bypassed by the A3 providing fast access to Petersfield and the M27, and Guildford and the M25. The property is located in the heart of Liphook at the junction of Station Road and Newton Road, adjacent to a Mainline Railway Station which offers regular services to London Waterloo. The surrounding area is mixed retail and residential, including a Sainsbury's supermarket. The area has also recently seen a number of new residential developments.

Tenure

Freehold.

Location

Miles: 48 miles south-west of London, 34 miles south of Reading, 26 miles east of Winchester, 19 miles south-west of Guildford
Roads: A3
Rail: Liphook Rail (64 minutes to London Waterloo)
Air: London Heathrow Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property is an attractive and prominent modern office building comprising office accommodation on the ground and first floors and part of the second floor. The property is currently arranged to provide four selfcontained office suites, a second floor self-contained one bedroom flat and a small basement plant area. The property benefits from a car park to the rear accommodating some 38 cars accessed via Newton Road and Station Road.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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)
Part Ground	Office	28.24 sq m	(304 sq ft)	VISUALIZE OFFICE SOLUTION LIMITED (1)	Licence agreement for 6 months from 01/07/2017	£9,576	(31/12/2017)
Part Ground	Office	51.65 sq m	(556 sq ft)	TEEJET LONDON LIMITED (2)	Licence agreement for 6 months from 01/05/2017	£16,680	(30/11/2017)
Part Ground	Office	192.86 sq m	(2,076 sq ft)	DREAMS COME TRUE (3)	3 years from 11/11/2016 (4)	£29,064	11/11/2017 11/11/2018 (4) (10/11/2019)
First Floor Part Second	Office	510.87 sq m	(5,499 sq ft)	METOC LIMITED (5)	4 years from 15/08/2015	£72,500	(14/08/2019)
Second Floor	Residential	One Bedroom Flat		INDIVIDUALS	Residential tenancy agreement for a term of 1 year from 01/07/2017	£7,800	(01/07/2018)
Total Office Area		783.62 sq m	(8,435 sq ft) (6)			£135,620

(1) Visualize Office Solution Limited deliver accounting, bookkeeping, secretarial and administration services locally in the Hampshire/West Sussex area and throughout the UK (Source: www.visoff.co.uk 05/06/2017).
(2) TeeJet Technologies designs and manufactures products for a wide range of agricultural, turf, and right-of-way spraying and spreading applications (Source: www.teejet.com 05/06/2017).
(3) Dreams Come True children’s charity helps children and young people with serious and life-limiting conditions to fulfil a dream (Source: dreamscometrue.uk.com 05/06/2017).
(4) The lease provides a tenant only break option on 11/11/2018. The lease provides fixed rental increases to £31,140 in 11/11/2017 and £33,216 in 11/11/2018.
(5) For the year ending 31st December 2015, Metoc Limited reported a turnover of £5,213,000, pre-tax profits of £212,000 and a total net worth of £3,399,000 (Source: Experian Group 05/06/2017). Metoc Limited are a subsidiary of Intertek Group Plc, an industry leader in Total Quality Assurance with more than 42,000 employees in 1,000 locations in over 100 countries (Source: www.intertek.com 05/06/2017).
(6) Please note the total floor area stated does not include approximately 683 sq ft of communal hallway on the ground floor, this brings the total area to 9,118 sq ft excluding the entrance foyer, WCs, stairwells and basement plant area.