3A & 3C Fort Fareham Estate Newgate Lane Fareham Hampshire PO14 1BY

3A & 3C Fort Fareham Estate
Newgate Lane
Fareham
Hampshire
PO14 1BY

Freehold Ground Rent Investment

Freehold Ground Rent of approx. 0.67 Ha (1.64 Acres)
Unexpired term of 114 years
Let to Grospher Investments Ltd until April 2138 with 2018 Rent Review outstanding
Let to T Ware Developments Ltd until April 2138 with 5 yearly Open RPI Rent Reviews
Located within well established industrial estate
VAT Free Investment

Lot
12
Auction
25th September 2024
Rent
£47,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Ground Rent Investment

Freehold Ground Rent of approx. 0.67 Ha (1.64 Acres)
Unexpired term of 114 years
Let to Grospher Investments Ltd until April 2138 with 2018 Rent Review outstanding
Let to T Ware Developments Ltd until April 2138 with 5 yearly Open RPI Rent Reviews
Located within well established industrial estate
VAT Free Investment

Lot 12
Auction 25th September 2024
Rent £47,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Ground Rent
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4.5 miles west of Portsmouth, 11 miles east of Southampton
Roads: M27, A27.
Rail: Fareham Railway Station
Air: Southampton Airport

Situation

The property is situated within the well established Fort Fareham Industrial Estate just off Newgate Lane (B3385).

Tenure

Freehold.

Location

Miles: 4.5 miles west of Portsmouth, 11 miles east of Southampton
Roads: M27, A27.
Rail: Fareham Railway Station
Air: Southampton Airport

Situation

The property is situated within the well established Fort Fareham Industrial Estate just off Newgate Lane (B3385).

Tenure

Freehold.

Description

The property comprises a site of approximately 0.67 Ha (1.64 Acres) upon which sits two office buildings, car parking and a series of arches.

VAT

VAT is not applicable to this lot.

Description

The property comprises a site of approximately 0.67 Ha (1.64 Acres) upon which sits two office buildings, car parking and a series of arches.

VAT

VAT is not applicable to this lot.

Tenancy & Accommodation

Plot	Site Area Approx. Ha	Site Area Approx. Acre	Tenant	Term	Rent p.a.x.	Review	Reversion
Plot 3A	0.67	(1.64)	GROSPHER INVESTMENTS LIMITED	125 years from 05/08/2013	£22,000	05/08/2018 and 5 yearly (1)	04/08/2138
Plot 3C	0.17	(0.41)	T WARE DEVELOPMENTS LIMITED	116 years from 11/04/2022	£27,000	01/12/2025 and 5 yearly thereafter (2)	04/08/2138

(1) The rent reviews are to Open Market and negotiations for the 2018 rent review remain ongoing, further details are available within the legal pack.
(2) The rent reviews are open RPI linked reviews compounded annually.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.