Vespasian House, Bridport Road Dorchester Dorset DT1 1BX

Vespasian House, Bridport Road
Dorchester
Dorset
DT1 1BX

Landmark Freehold Office Investment in Established Business Location

Fully occupied by the NHS, Dorset Primary Care Trust and HM Revenue & Customs
Situated some 300 metres from Dorset County Hospital and close to Royal Mail Sorting Office and Dorset County Record Office
Affluent Dorset county town
Walking distance from Dorchester West Railway Station
Approximately 2,901.64 sq m (31,233 sq ft) with parking for 96 cars
Five Week Completion Period Available

Lot
27
Auction
24th May 2012
Rent
£217,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Mapeley

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Landmark Freehold Office Investment in Established Business Location

Fully occupied by the NHS, Dorset Primary Care Trust and HM Revenue & Customs
Situated some 300 metres from Dorset County Hospital and close to Royal Mail Sorting Office and Dorset County Record Office
Affluent Dorset county town
Walking distance from Dorchester West Railway Station
Approximately 2,901.64 sq m (31,233 sq ft) with parking for 96 cars
Five Week Completion Period Available

Lot 27
Auction 24th May 2012
Rent £217,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Mapeley

Property Information

Location

Miles: 9 miles north of Weymouth, 24 miles west of Poole, 30 miles south-west of Shaftesbury
Roads: A35, A37, B3150
Rail: Dorchester West (London Waterloo and Paddington)
Air: Bournemouth

Situation

The property is situated in a prominent position on Bridport Road (B3150) in an established business location approximately 300 metres from Dorset County Hospital and surrounded by other notable occupiers including Royal Mail Sorting Office and Dorset County Record Office. Dorchester West Railway Station is within walking distance while Bridport Road provides direct access to the A35 and A37.

Tenure

Freehold.

Location

Miles: 9 miles north of Weymouth, 24 miles west of Poole, 30 miles south-west of Shaftesbury
Roads: A35, A37, B3150
Rail: Dorchester West (London Waterloo and Paddington)
Air: Bournemouth

Situation

Tenure

Freehold.

Description

The majority of the property has been refurbished to a high standard recently by Dorset Primary Care Trust to provide open plan office accommodation with suspended ceilings, recessed category 2 lighting, supplementary air conditioning and perimeter trunking. The property benefits from WCs on each floor, two 8-person passenger lifts and a barrier-controlled car park for 96 cars. The property has a site area of some 0.474 hectare (1.17 acres).

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	Reviews/(Reversion)
Ground – East	Office & 10 parking spaces	308.16 sq m	(3,317 sq ft)	DORSET COUNTYHOSPITAL NHSFOUNDATION TRUST	Approx. 8 years & 11 months from 03/01/2008 (1)	£24,040	(25/12/2017)
Ground – West	Office & 10 parking spaces	388.61 sq m	(4,183 sq ft)	DORSET PRIMARYCARE TRUST	15 years from 29/04/2010 (2)	£29,154	29/04/2015 and 2020 (28/04/2025)
First	Office & 30 parking spaces	739.23 sq m	(7,957 sq ft)	DORSET PRIMARYCARE TRUST	15 years from 29/04/2010 (2)	£55,000	29/04/2015 and 2020 (28/04/2025)
Second – East	Office & 6 parking spaces	206.71 sq m	(2,225 sq ft)	THE WEST DORSETGENERAL HOSPITALNHS TRUST	10 years from 25/03/2003	£15,000	(25/03/2013)
Second – East & Ground Floor Telecoms Room	Office & 6 parking spaces	(153.29 sq ft)	(1,650 sq ft)	MAPELEY STEPSPROPERTIES LTD(occupied by HMRC& Valuation Office)	10 years from completion (3)	£11,570	01/2017 (01/2022)
Second – West	Office & 10 parking spaces	365.85 sq m	(3,938 sq ft)	DORSET PRIMARYCARE TRUST	Approx. 14 years & 10 months from and including 09/06/2010 (2)	£27,212	09/06/2015 and 2020 (28/04/2025)
Third – East	Office & 10 parking spaces	370.59 sq m	(3,989 sq ft)	DORSET PRIMARYCARE TRUST	Approx. 13 years & 10 months from 01/06/2011 (2)	£27,564	23/05/2016 and 2021 (28/04/2025)
Third – West	Office & 10 parking spaces	369.20 sq m	(3,974 sq ft)	DORSET PRIMARYCARE TRUST	Approx. 14 years & 10 months from 03/06/2010 (2)	£27,460	03/06/2015 and 2020 (28/04/2025)
Land adjoining Bridport Road	Substation			SOUTHERNELECTRIC POWERDISTRIBUTION PLC	99 years from 25/05/2011	Peppercorn	(25/05/2110)
Totals		2,901.64 sq m	(31,233 sq ft)			£217,000

(1) The tenant benefits from an option to determine on 2nd January 2013 on 6 months' written notice.
(2) The tenant benefits from an option to determine on 29th April 2015 and 29th April 2020 on 6 months' written notice.
(3) A reversionary lease will come into effect on completion of the sale. The tenant will benefit from a rolling option to determine, subject to 9 months' prior written notice.