8,664 sq ft on an approximate site area of 1.11 acres
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 55
Auction 19th May 2016
Rent £60,000 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles north of Swindon, 26 miles south-west of Oxford, 34 miles south-east of Gloucester
Roads
A361, A419, M4 (Junction 15)
Air
Bristol Airport
Situation
The property lies on the northern side of the strategically located Blackworth Industrial Estate, which sits adjacent to the A361, approximately one mile north of Highworth town centre. Other occupiers on the estate include Simpsons Subaru, ThyssenKrupp and Office Furniture 4U.
Tenure
Freehold.
Location
Miles
8 miles north of Swindon, 26 miles south-west of Oxford, 34 miles south-east of Gloucester
Roads
A361, A419, M4 (Junction 15)
Air
Bristol Airport
Situation
The property lies on the northern side of the strategically located Blackworth Industrial Estate, which sits adjacent to the A361, approximately one mile north of Highworth town centre. Other occupiers on the estate include Simpsons Subaru, ThyssenKrupp and Office Furniture 4U.
Tenure
Freehold.
Description
The property comprises a detached office/warehouse building arranged on the ground and first floors. The property benefits from on-site parking and an approximate site area of 1.11 acres.
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 detached office/warehouse building arranged on the ground and first floors. The property benefits from on-site parking and an approximate site area of 1.11 acres.
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
Review
Ground First
Offices/Storage Offices
362.31 sq m 442.55 sq m
(3,900 sq ft) (4,764 sq ft)
THAMES WATER UTILITIES LIMITED (1)
5 years from 24/02/2016 (2) on a full repairing and insuring lease (3)
£60,000
24/02/2019
Totals
804.86 sq m
(8,664 sq ft) (4)
£60,000
1) For the year ending 31st March 2015, Thames Water Utilities Limited reported a turnover of £2,026,800,000, pre-tax profits of £335,800,000 and a total net worth of £1,438,600,000. (Source: Experian Group 05/04/2016) (2) The lease is subject to a rolling tenant option to determine at any time after 24th August 2018, subject to 6 months’ prior written notice. (3) The lease is subject to a schedule of condition. (4) The property has a total gross internal floor area of approximately 931.04 sq m (10,022 sq ft).
NB: The lease is contracted outside the Security of Tenure provisions of the 1954 Landlord & Tenant Act.
