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
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

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
  • 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

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.

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

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

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)
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.

Property Documents

  • Site Plan
    Updated Date
    06.11.19
    File Size
    680 KB
    View PDF
  • Catalogue Page
    Updated Date
    06.11.19
    File Size
    867 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Carter Jonas 9 - 10 Jewry Street
Winchester
SO23 8RZ
Paul Russell 01962 876 830paul.russell@carterjonas.co.uk
Seller's Solicitors
Paris Smith LLP Number 1 London Road
Southampton
SO15 2AE
Rachel Montgomery 02380 482 228rachel.montgomery@parissmith.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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