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 24th October 2019
Rent
Status Sold Prior
Price
Sector Industrial/Warehouse
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
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.
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
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).
(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.