Lease expires in July 2110 (Approximately 94 years unexpired)
Important & Immminent Rent Review in July 2016 - Rent reviewed to Passing Rent plus 20% of the Rack Rental Value of the premises
Notice served proposing new rent of £17,500 per annum exclusive
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 38
Auction 19th May 2016
Rent £10,500 per Annum Exclusive
Status Sold
Price £255,000
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles north-west of Bournemouth, 30 miles south-west of Southampton
Roads
A31, A3049, A350
Air
Bournemouth Airport
Situation
The property is situated on the strategically located Uddens Trading Estate, which sits a short distance from the A31, a major trunk road connecting with the M27. Uddens Trading Estate adjoins Ferndown Industrial Estate, providing the largest industrial area within the East Dorset locality. Other occupiers on the estate include DPD and Farrow & Ball.
Tenure
Freehold.
Location
Miles
9 miles north-west of Bournemouth, 30 miles south-west of Southampton
Roads
A31, A3049, A350
Air
Bournemouth Airport
Situation
The property is situated on the strategically located Uddens Trading Estate, which sits a short distance from the A31, a major trunk road connecting with the M27. Uddens Trading Estate adjoins Ferndown Industrial Estate, providing the largest industrial area within the East Dorset locality. Other occupiers on the estate include DPD and Farrow & Ball.
Tenure
Freehold.
Description
The property comprises a warehouse building arranged on the ground and first floors.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a warehouse building arranged on the ground and first floors.
Six Week Completion
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
Ground First
Warehouse/Ancillary/Office Ancillary
233.96 sq m 60.48 sq m
(2,518 sq ft) (651 sq ft)
SR DAY - LAMFORM (t/a Lamform Kitchen Workshop Specialists)
125 years from 05/07/1985 until 04/07/2110 on a full repairing and insuring lease
£10,500
05/07/2016 and 5 yearly thereafter (1)
Total
294.44 sq m
(3,169 sq ft)
£10,500
(1) The rent is reviewed to the Passing Rent plus 20% of the rack rented value of the premises - please see lease. A rent review on nearby Unit 37 was recently completed (September 2015) at a rent equating to approximately £8 p.s.f.
