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.