Haworth Castings Budds Lane Industrial Estate Romsey Nr Winchester Hampshire SO51 0HA

Haworth Castings
Budds Lane Industrial Estate
Romsey Nr Winchester
Hampshire
SO51 0HA

Freehold Industrial Investment

Let to Haworth Castings Limited until 2027
Approximately 0.28 hectares (0.69 acres)
Site coverage approximately 55%
Tenant in occupation for over 50 years

Lot
71
Auction
5th December 2018
Rent
£65,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Freehold Industrial Investment

Let to Haworth Castings Limited until 2027
Approximately 0.28 hectares (0.69 acres)
Site coverage approximately 55%
Tenant in occupation for over 50 years

Lot 71
Auction 5th December 2018
Rent £65,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 70 miles south-west of the centre of London; 7 miles north-west of Southampton; 15 miles south-east of Salisbury
Roads: A3057, A27, M27, M3
Rail: Romsey Railway Station
Air: Southampton Airport, Heathrow Airport

Situation

The property is prominently situated in the well established Budds Lane Industrial Estate. The park is located 0.5 miles from Romsey railway station and 4 miles from the M27 (Junction 3). Major nearby occupiers include Elliots Builders Merchant.

Tenure

Freehold.

Location

Miles: 70 miles south-west of the centre of London; 7 miles north-west of Southampton; 15 miles south-east of Salisbury
Roads: A3057, A27, M27, M3
Rail: Romsey Railway Station
Air: Southampton Airport, Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises two industrial buildings with a large yard used for parking and storage. Each building benefits from a vehicle access loading door and an eaves height of approximately 4.5m (14ft) The property benefits from a site area of approximately 0.28 hectares (0.69 acres) with a site coverage of approximately 55%. There is an electricity substation on the site.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Building A: Band E / Building B: Band E - See legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Building A: Band E / Building B: Band E - See legal pack at acuitus.co.uk

Tenancy & Accommodation

Building No.	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Building A	Foundry/ Workshop	807.32 sq m	(8,690 sq ft)	HAWORTH CASTINGS LIMITED (1)	10 years from 31/10/2017 on a full repairing and insuring lease (2)	£65,000	31/10/2022 (30/10/2027)
Building B	Offices/ Storage	840.76 sq m	(9,049 sq ft)	HAWORTH CASTINGS LIMITED (1)		£65,000	31/10/2022 (30/10/2027)
Total		1,648.08 sq m	(17,739 sq ft)			£65,000

(1) Haworth Casting Limited was incorporated in 1967 and has occupied this property since. For the year ending 31st January 2017 Haworth Castings Limited reported a total net worth of £966,295 and is rated by Experian as “Very Low Risk”.
(2) The lease is subject to a schedule of condition and provides for a tenant option to determine the lease on 31/10/2022 on 6 months’ notice in writing.