Freehold Modern Office and Residential Investment
Freehold Modern Office and Residential Investment
The property is located in the heart of Liphook at the junction of Station Road and Newton Road within a mixed retail and residential area. Liphook Mainline Railway Station offers regular services to London Waterloo.
Freehold.
The property is located in the heart of Liphook at the junction of Station Road and Newton Road within a mixed retail and residential area. Liphook Mainline Railway Station offers regular services to London Waterloo.
Freehold.
The property is an attractive and prominent modern office building comprises office accommodation on the ground and first floors and part of the second floor. The other part of the second floor is a self-contained one bedroom flat. The property benefits a car park accommodating some 38 cars.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property is an attractive and prominent modern office building comprises office accommodation on the ground and first floors and part of the second floor. The other part of the second floor is a self-contained one bedroom flat. The property benefits a car park accommodating some 38 cars.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | (Reversions) | |
|---|---|---|---|---|---|---|---|
| Ground |
Office |
148.64 sq m |
(1,600 sq ft) |
DREAMS COME TRUECHARITY (1) |
5 years from 11th November 2011 (2) |
£14,400 (3) | (2021) |
| Ground | Office |
100.24 sq m |
(1,079 sq ft) |
VACANT POSSESSION |
|||
| Ground | Office |
44.22 sq m |
(476 sq ft) |
VACANT POSSESSION |
|||
| First and Part Second |
510.87 sq m |
(5,499 sq ft) |
METOC PLC (4) |
10 years from 18th April 2004 | £63,200 | (2014) |
|
| Part Second | Residential Flat |
36.05 sq m |
(388 sq ft) |
INDIVIDUAL |
Assured Shorthold Tenancy – 1 year from 1st July 2011 |
£7,200 | |
| Totals | 840.02 sq m |
(9,042 sq ft) |
£84,800 | ||||
(1) Dreams Come True are a national charity that brings joy to terminally and seriously ill children by making their treasured dreams come
true. (www.dreamscometrue.org.uk)
(2) The lease provides for a tenant only option to determine the lease on 11th October 2014.
(3) The current rent reserved under the terms of the lease is £11,200 per annum exclusive. The lease provide for fixed increases in rent as follows; £12,800 per annum exclusive on 11th November 2012, £14,400 per annum exclusive on 11th November 2013, £16,000 per annum
exclusive on 11th November 2014 and £17,600 per annum exclusive on 11th November 2015. The seller will pay the buyer the difference between the current rent reserved of £11,200 per annum exclusive and £14,400 per annum exclusive from completion of the sale until 11th November 2013.
(4) Intertek METOC is a leading international consultancy providing specialist technical services in the marine, coastal and river environments. (www.metoc.co.uk)
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