Western House
Armstrong Road, Daneshill Industrial Estate
Basingstoke
Hampshire
RG24 8QE

Well Located Industrial Investment

  • Let to Western House Limited on a new
  • 15 year lease (subject to option)
  • Let off £5.52 per sq ft
  • Approximately 0.9 hectares (2.22 acres) reflecting a site coverage of approximately 47%
  • Established industrial location 1 mile north of M3 (Junction 6)
  • Neighbouring occupiers include Mars Drinks, DHL, Pickfords, Jewson, Hertz and Booker
  • Lot
    33
  • Auction
    24/Oct/2019
  • Rent
    £250,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • Western House<br>Armstrong Road, Daneshill Industrial Estate<br>Basingstoke<br>Hampshire<br>RG24 8QE
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* More information on the term "price" can be found here

Property Information

Location
Miles
47 miles south-west of Central London
18 miles south of Reading
28 miles north-east of Southampton
Roads
A339, A33, M3 (Junction 6)
Rail
Basingstoke Railway Station
Air
London Heathrow Airport
London Gatwick Airport
Situation

The property is prominently situated within the well established Daneshill Industrial Estate approximately 1 mile to the north-east of Basingstoke town centre and one mile north of the M3 Motorway (Junction 6). Major occupiers on the industrial estate include Mars Drinks, DHL, Pickfords, Jewson, Hertz and Booker.

Tenure

Long Leasehold. Held from the Local Authority for a term of 99 years from 20/05/1974 with a current rent reserved of £83,595 per annum exclusive. The head lease provides for the rent to be reviewed to " Bare Site Value" every 33 years. The next rent review is due on 20th May 2030.

Description

The property comprises a four bay single storey portal frame warehouse with a two storey ancillary office block. The property benefits from a site area of approximately 0.9 hectares (2.22 acres) reflecting a site coverage of approximately 47%. There is a yard area providing car parking and an ample turning circle for articulated lorries. The warehouse benefits from an eaves height of 6m (20ft).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/(Reversion)
Ground
Mezzanine
Ground
First
Warehouse
Warehouse
Office
Office
3,181.09 sq m
47.00 sq m
488.53 sq m
488.53 sq m
(34,241 sq ft)
(506 sq ft)
(5,259 sq ft)
(5,259 sq ft)
WESTERN
HOUSE LIMITED
(1)
15 years from
29/04/2019
£250,00029/04/2024
and
29/04/2029
(28/04/2034)
Totals 
4,205.15 sq m
(45,265 sq ft)
  £250,000 

(1) Western House Limited was incorporated in 1949 and is a designer, developer and wholesaler of glassware. The company is rated by Experian as "Very Low Risk" and on 31st March 2018 reported a net worth of £760,982 (Source: Experian Group 27/09/2018). More information about Western House Limited can be found at www.western-house.com.
(2) The lease provides for a tenant option to determine on 29/04/2029, subject to 6 months' prior written notice.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Baker Davidson Thomas 7 Faraday Office Park
Rankine Road
Basingstoke
RG24 8QB
Neil Davidson 01256 840 777neil.davidson@bdt.uk.com
Seller's Solicitors
38 London Street
Basingstoke
RG21 7NY
Jonathan Pender 01256 854607jonathan.pender@phillips-law.co.uk

Useful Links

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