3A & 3C Fort Fareham Estate Newgate Lane Fareham Hampshire PO14 1BY

  • 3A & 3C Fort Fareham Estate<br>Newgate Lane<br>Fareham<br>Hampshire<br>PO14 1BY

3A & 3C Fort Fareham Estate
Newgate Lane
Fareham
Hampshire
PO14 1BY

Freehold Ground Rent Investment

  • Freehold Ground Rent of approx. 0.67 Ha (1.64 Acres)
  • Unexpired term of 114 years
  • Let to Grospher Investments Ltd until April 2138 with 2018 Rent Review outstanding
  • Let to T Ware Developments Ltd until April 2138 with 5 yearly Open RPI Rent Reviews
  • Located within well established industrial estate
  • VAT Free Investment
  • Lot
    12
  • Auction
    25th September 2024
  • Rent
    £47,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Freehold Ground Rent Investment

  • Freehold Ground Rent of approx. 0.67 Ha (1.64 Acres)
  • Unexpired term of 114 years
  • Let to Grospher Investments Ltd until April 2138 with 2018 Rent Review outstanding
  • Let to T Ware Developments Ltd until April 2138 with 5 yearly Open RPI Rent Reviews
  • Located within well established industrial estate
  • VAT Free Investment
  • Lot 12
  • Auction 25th September 2024
  • Rent £47,000 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Ground Rent
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
4.5 miles west of Portsmouth, 11 miles east of Southampton
Roads
M27, A27.
Rail
Fareham Railway Station
Air
Southampton Airport
Situation

The property is situated within the well established Fort Fareham Industrial Estate just off Newgate Lane (B3385).

Tenure

Freehold.

Location
Miles
4.5 miles west of Portsmouth, 11 miles east of Southampton
Roads
M27, A27.
Rail
Fareham Railway Station
Air
Southampton Airport
Situation

The property is situated within the well established Fort Fareham Industrial Estate just off Newgate Lane (B3385).

Tenure

Freehold.

Description

The property comprises a site of approximately 0.67 Ha (1.64 Acres) upon which sits two office buildings, car parking and a series of arches.

VAT

VAT is not applicable to this lot.

Description

The property comprises a site of approximately 0.67 Ha (1.64 Acres) upon which sits two office buildings, car parking and a series of arches.

VAT

VAT is not applicable to this lot.

Tenancy & Accommodation

Plot Site Area Approx. Ha Site Area Approx. Acre Tenant Term Rent p.a.x. Review Reversion
Plot 3A 0.67 (1.64) GROSPHER INVESTMENTS LIMITED 125 years from 05/08/2013
£22,000
05/08/2018 and 5 yearly
(1)
04/08/2138
Plot 3C 0.17 (0.41) T WARE DEVELOPMENTS LIMITED 116 years from 11/04/2022
£27,000
01/12/2025 and 5 yearly thereafter
(2)
04/08/2138

(1) The rent reviews are to Open Market and negotiations for the 2018 rent review remain ongoing, further details are available within the legal pack.
(2) The rent reviews are open RPI linked reviews compounded annually.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    25.09.24
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Stevens & Bolton LLP Wey House, Farnham Road
Guildford
GU1 4YD
Joanne Purnell 01483 302264joanne.purnell@stevens-bolton.com  Laura Van Eyken +44 (0)1483 406982Laura.Vaneyken@stevens-bolton.com

Useful Links

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

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