Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry
Established industrial area
Approximate site area of 0.309 hectares (0.763 acres)
Imminent Rent Review
Lot 18
Auction 24th May 2012
Rent £31,425 per Annum Exclusive
Status Sold
Price £500,000
Sector Ground Rent
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Behalf of Southampton City Council
Property Information
Location
Miles
1 mile east of Southampton city centre, 19 miles north-west of Portsmouth
Roads
B3038, A3024, A33
Rail
Southampton Rail Station
Air
Southampton International Airport
Situation
The property is situated in an established industrial location on the north side of Bond Street. Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry.
Tenure
Freehold.
Location
Miles
1 mile east of Southampton city centre, 19 miles north-west of Portsmouth
Roads
B3038, A3024, A33
Rail
Southampton Rail Station
Air
Southampton International Airport
Situation
The property is situated in an established industrial location on the north side of Bond Street. Nearby occupiers include Double Take Motorcycles, Oil Spill Response and MX Wholesale Cash & Carry.
Tenure
Freehold.
Description
The property comprises a parcel of land on which has been built
two adjoining industrial units, with a total approximate site area of
0.309 hectares (0.763 acres).
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 a parcel of land on which has been built
two adjoining industrial units, with a total approximate site area of
0.309 hectares (0.763 acres).
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)
Site Area
Tenant
Term
Rent p.a.x
Reviews
23-35
Industrial
934.23 sq m
(10,056 sq ft)
0.387 Acres
W H ROWE &SON LTD (1)
89 years from 01/02/1970 until 30/06/2059
£16,325
01/02/2036 (2)
37-47
Industrial
567.73 sq m
(6,111 sq ft)
0.376 Acres
W H ROWE &SON LTD (1)
82 years from 30/06/1977 until 30/06/2059
£15,100
30/06/2012 and five yearly thereafter (2)
Totals
1,501.96 sq m
(16,167 sq ft)
0.763 Acres
£31,425
(1) Established in 1932, W H Rowe has acquired a reputation for being one of the most reliable volume producers of high quality aluminium castings in the UK today. (Source: www.whrowe.com 03/04/2012) The tenant also occupies the adjoining property. (2) The rent is to be reviewed to the open market rental value of the property, without the benefit of the buildings on site.
