ARRK Europe Limited Langrish Petersfield Hampshire GU32 1RL

  • ARRK Europe Limited<br>Langrish<br>Petersfield<br>Hampshire<br>GU32 1RL

ARRK Europe Limited
Langrish
Petersfield
Hampshire
GU32 1RL

Freehold Industrial Investment

  • Let to ARRK Europe Limited and ARRK Product Development Group Limited (guaranteed by ARRK Corporation)
  • Affluent Meon Valley and South Downs National Park Location
  • Long term residential potential (subject to consents)
  • Tenant in occupation (in different guises) for some 70 years
  • Rent Review in 2018
  • Approximate 3,578 sq m (38,512 sq ft) and 0.85 hectares (2.1 acres) 42% site coverage
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    33
  • Auction
    10th December 2015
  • Rent
    £245,690 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Industrial Investment

  • Let to ARRK Europe Limited and ARRK Product Development Group Limited (guaranteed by ARRK Corporation)
  • Affluent Meon Valley and South Downs National Park Location
  • Long term residential potential (subject to consents)
  • Tenant in occupation (in different guises) for some 70 years
  • Rent Review in 2018
  • Approximate 3,578 sq m (38,512 sq ft) and 0.85 hectares (2.1 acres) 42% site coverage
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 33
  • Auction 10th December 2015
  • Rent £245,690 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Industrial, Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
60 miles south-west of London, 20 miles north of Portsmouth, 30 miles south-east of Guildford
Roads
A3, A272, A31
Rail
Petersfield Railway Station
Air
Southampton Airport
Situation

Petersfield is an affluent and popular London commuter town in the South Downs National Park, some 60 miles south-west of London. The property is adjacent to residential property to the north and an office building to the south. Langrish House Hotel is situated some 100 metres away.

Tenure

Freehold.

Location
Miles
60 miles south-west of London, 20 miles north of Portsmouth, 30 miles south-east of Guildford
Roads
A3, A272, A31
Rail
Petersfield Railway Station
Air
Southampton Airport
Situation

Petersfield is an affluent and popular London commuter town in the South Downs National Park, some 60 miles south-west of London. The property is adjacent to residential property to the north and an office building to the south. Langrish House Hotel is situated some 100 metres away.

Tenure

Freehold.

Description

The property comprises a series of industrial buildings benefiting from an eaves height of 6.2m (20ft) and 7.45m (24ft) and high quality ancillary air conditioned office accommodation. The property further benefits from a site area of 0.85 hectares (2.1 acres), with a site coverage of 42% providing on-site car parking. The seller understands that the tenant has invested about £3.5m in the site in the last 3 years.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 series of industrial buildings benefiting from an eaves height of 6.2m (20ft) and 7.45m (24ft) and high quality ancillary air conditioned office accommodation. The property further benefits from a site area of 0.85 hectares (2.1 acres), with a site coverage of 42% providing on-site car parking. The seller understands that the tenant has invested about £3.5m in the site in the last 3 years.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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)
Ground
Ground
First 		Industrial
Office/Ancillary
Canteen
2,910.49 sq m
633.07 sq m
51.57 sq m
(31,329 sq ft)
(6,814 sq ft)
(555 sq ft)
 ARRK EUROPE LIMITED and ARRK
PRODUCT DEVELOPMENT GROUP
LIMITED (Guaranteed by ARRK
Corporation) (1)		 16 years from 29/11/2003 on
a full repairing and insuring
lease (2)		 £245,689 29/11/2018
(28/11/2019)
  Substation
SOUTHERN ELECTRIC PLC 21 years from 28/01/1998 £1 28/01/2019
Totals  
3,595.13 sq m
(38,698 sq ft)
     £245,690

(1) ARRKS’s origins date back to 1948 in Japan. The ARRK Corporation in Japan remains the parent company to all other ARRK Companies. Today, the ARRK Corporation employs around 5000 people and they are suppliers to Bentley, Aston Martin, Range Rover and Vauxhall (www.arrkeurope.com). For the year ending 31st December 2014, Arrk Europe Limited reported a turnover of £60,030,000, pre-tax profits of £1,966,000 and a total net worth of £8,519,000. (Source: www.riskdisk.com 05/11/2015).
(2) The lease is subject to a schedule of condition.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Sherrards Sherrards Solicitors, 7 Swallow Place
London
W1B 2AG
James Gordon 020 7478 9011james.gordon@sherrards.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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