Units 6 & 7 Uddens Trading Estate Wimborne Dorset BH21 7LQ

Units 6 & 7 Uddens Trading Estate
Wimborne
Dorset
BH21 7LQ

Freehold Industrial/Warehouse Ground Rent Investment

Let to Belmore Estates Limited
Lease expires in June 2115 (over 98 years unexpired)
5 yearly rent reviews to Market Rental Value of the Land
Site Area of Approximately 0.51 acres
Established Industrial Estate
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
34
Auction
13th October 2016
Rent
£15,300 per Annum Exclusive
Status
Sold
Price
£355,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Industrial/Warehouse Ground Rent Investment

Let to Belmore Estates Limited
Lease expires in June 2115 (over 98 years unexpired)
5 yearly rent reviews to Market Rental Value of the Land
Site Area of Approximately 0.51 acres
Established Industrial Estate
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 34
Auction 13th October 2016
Rent £15,300 per Annum Exclusive
Status Sold
Price £355,000
Sector
Ground Rent
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
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 Farrow & Ball, DPD and Bayquest.

Tenure

Freehold.

Location

Miles: 9 miles north-west of Bournemouth 30 miles south-west of Southampton
Roads: A31, A3049, A350
Air: Bournemouth Airport

Situation

Tenure

Freehold.

Description

The property comprises a site of approximately 0.51 acres, upon which has been constructed a detached industrial/warehouse building comprising approximately 10,766 sq ft on the ground and first floors. The property has been divided into five separate units. The property benefits from parking for over 20 cars as well as a rear yard for loading.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Site Area	Tenant	Term	Rent p.a.x	Review
Ground/First	Industrial/ Warehouse/ Ancillary	0.51 acres	BELMORE ESTATES LIMITED (1) ON ASSIGNMENT FROM ACRELON LIMITED (2)	125 years from 01/07/1990 until 30/06/2115	£15,300 (increased from £13,200 per annum in 2015)	01/07/2020 and five yearly thereafter reviewed to Market Rental Value of the land
Totals		0.51 acres			£15,300

(1) For the year ending 30th June 2015, Belmore Estates limited reported a total net worth of £1,186,958 (Source: Experian Group 06/09/2016). We understand the property has been sublet to five tenants at a total sublet rent of £38,650 per annum.
(2) For the year ending 30th September 2015, Acrelon Limited reported a net worth of £723,892 (Source: Experian Group 06/09/2016).