Approximate site area of 2.51 hectares (6.20 acres)
Includes car parking for approximately 100 cars
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 18
Auction 19th May 2016
Rent £289,136 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Insolvency Practitioners Deloitte
Property Information
Location
Miles
7 miles south-east of Chichester, 24 miles west of Brighton, 37 miles south of Guildford
Roads
A3 A27 A280 A529
Rail
Bognor Regis Railway Station
Air
London Gatwick Airport
Situation
The property is situated to the north of Bognor Regis on Heath Place. It is adjacent to Castlegrove Business Park and Ash Grove Industrial Park. The estate is in close proximity to the A29 and the A259 and both provide direct access to the A27.
Tenure
Freehold.
Location
Miles
7 miles south-east of Chichester, 24 miles west of Brighton, 37 miles south of Guildford
Roads
A3 A27 A280 A529
Rail
Bognor Regis Railway Station
Air
London Gatwick Airport
Situation
The property is situated to the north of Bognor Regis on Heath Place. It is adjacent to Castlegrove Business Park and Ash Grove Industrial Park. The estate is in close proximity to the A29 and the A259 and both provide direct access to the A27.
Tenure
Freehold.
Description
The property comprises a detached industrial building which has been subdivided into three units. Parking is provided to the north and west of the unit for some 100 cars. The property benefits from a total approximate site area of 2.51 hectares (6.20 acres).
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability. NB. The tenant benefits from a pre-emption right. The contract is conditional on the tenant being served a pre-emption notice upon exchange of contracts. The tenant has 30 working days to respond to the pre-emption notice. For further details please refer to the special conditions.
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 detached industrial building which has been subdivided into three units. Parking is provided to the north and west of the unit for some 100 cars. The property benefits from a total approximate site area of 2.51 hectares (6.20 acres).
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability. NB. The tenant benefits from a pre-emption right. The contract is conditional on the tenant being served a pre-emption notice upon exchange of contracts. The tenant has 30 working days to respond to the pre-emption notice. For further details please refer to the special conditions.
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)
Part Ground
Industrial
4,020.74 sq m
(43,280 sq ft)
URT COMPOSITES LIMITED (1)
10 years from 01/03/2011
£175,000
01/03/2016 (28/02/2021)
Part Ground & Part First
Industrial
2,605.86 sq m
(28,050 sq ft)
URT COMPOSITES LIMITED (1)
Approx 9 years & 4 months from 31/10/2011
£114,136
31/10/2016 (28/02/2021)
Part Ground & Part First
Industrial
1,669.52 sq m
(17,971 sq ft)
VACANT
Totals
8,296.12 sq m
(89,301 sq ft)
£289,136
(1) URT Composites Limited is a subsidiary of URT Group Limited, a high-quality manufacturer of composite parts and structures who works with clients in a wide brange of industries: defence, motorsport, automotive, aerospace, marine and leisure (Source: www.urtgroupltd.com). For the year ending 30th June 2015, URT Composites Limited reported a turnover of £6,841,586, pre-tax profits of £98,785 and a total net worth of £436,464 (Source: Experian Group 20/04/2016
