OFFICE INVESTMENT PROPERTIES 5 - 9 ... - Commercial People
OFFICE INVESTMENT PROPERTIES 5 - 9 Summerlea Court, Herriard Business Centre, Herriard, Nr Basingstoke, Hampshire, RG25 2PN FREEHOLD: PRICE ON APPLICATION
www.charterscommercial.co.uk
5-9 SUMMERLEA COURT, HERRIARD BUSINESS CENTRE : HERRIARD, NR BASINGSTOKE, HAMPSHIRE, RG25 2PN Accommodation
Modern office premises with parking
27 parking spaces
Pleasant rural setting
Easily accessible from Basingstoke and Alton
No 5 & 6 Summerlea Court - comprising a net internal area of 1,403 sq ft (130 sq m) at ground floor level and 1,396 sq ft (130 sq m) at first floor level, the space is evenly subdivided between the two units and their is a lockable interconnecting door at first and ground floor level.
Development potential STPP
No 7 - 9 Summerlea Court - comprising a total net internal area of 3,249 sq ft (301 .84 sq m).
6048 sq ft (561.9 sq m) NIA
Location The office premises 5-9 Summerlea Court comprise of two office buildings within the Herriard Business Park, Summerlea Court is situated just off of the A339 Basingstoke to Alton Road, approximately equidistant between the two towns. There is good access to the M3 motorway at Junction 6.
Description Completed in 1995 Units 5-6 Summerlea Court is a detached 2 storey building of brick elevations under a pitched tiled roof. Principally open plan configuration with some stud work partitions at first floor; both units have self contained kitchen and WC facilities. The property is currently vacant. Units 7-9 Summerlea Court comprise of a similar construction and configuration although the premises are now fully occupied by Insignia Medical Systems Limited, since September 2009. The property is occupied on a 3 year Fully Repairing and Insuring Lease granted on 10th September 2015 generating a total income of £30,876.96 per annum.
We have undertaken a measured survey of the properties and identified the following net internal areas:
Each of the offices has the benefit of allocated car parking, intruder alarms, heating, open plan layouts with storage space also provided within the eaves. Each unit has its own self contained kitchen facilities and WCs. In our opinion, the premises provide an exceptional opportunity for owner occupiers, investors or speculative developers to acquire a substantial office property with the benefit of rental income from the existing occupying tenants of £30,876.96 per annum and significant potential to further develop, subject to the appropriate planning consents. The freehold title occupies the total site area of 0.332 acres which has been primarily given over to 27 car parking spaces for the benefit of the occupying office tenants.
Tenure
Freehold. The premises are offered for sale as a package to include the benefit of the existing occupational tenancy for Units 7-9. Units 5-6 are currently offered with vacant possession although all enquiries are invited for a lease of these premises in addition to the purchase of the freehold interest. New leases will be granted on the basis of market rents of £10 per sq ft, realising circa £28,000 per annum, giving a potential total income for the property of £60,000 per annum.
Legal Costs and VAT Each party is expected to bear their own legal costs in this transaction. All prices quoted may be subject to VAT provisions.
Viewing
No direct approach may be made to the current occupiers. All enquiries and appointments to view must be made via Charters Commercial on 01962 888900.
Business Rates
The subject properties have the following ratings in accordance with the VOA Rating List 2010: Unit 5 £10,500 Unit 6 £10,500 Unit 7-9 £22,500 The standard business multiplier for 2015/2016 is £0.493. Further relief may be available. Please make enquiries to the Local Authority in respect of rates payable.
First Floor, Winchester House, Basingstoke Road, Kings Worthy, Winchester, Hampshire, SO23 7QF T: 01962 888900 e: [email protected] www.charterscommercial.co.uk
Disclaimer Property Details: These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate. No person in this firms employment has the authority to make or give any representation or warranty in respect of the company.
www.charterscommercial.co.uk
5-9 SUMMERLEA COURT, HERRIARD BUSINESS CENTRE : HERRIARD, NR BASINGSTOKE, HAMPSHIRE, RG25 2PN Accommodation
Modern office premises with parking
27 parking spaces
Pleasant rural setting
Easily accessible from Basingstoke and Alton
No 5 & 6 Summerlea Court - comprising a net internal area of 1,403 sq ft (130 sq m) at ground floor level and 1,396 sq ft (130 sq m) at first floor level, the space is evenly subdivided between the two units and their is a lockable interconnecting door at first and ground floor level.
Development potential STPP
No 7 - 9 Summerlea Court - comprising a total net internal area of 3,249 sq ft (301 .84 sq m).
6048 sq ft (561.9 sq m) NIA
Location The office premises 5-9 Summerlea Court comprise of two office buildings within the Herriard Business Park, Summerlea Court is situated just off of the A339 Basingstoke to Alton Road, approximately equidistant between the two towns. There is good access to the M3 motorway at Junction 6.
Description Completed in 1995 Units 5-6 Summerlea Court is a detached 2 storey building of brick elevations under a pitched tiled roof. Principally open plan configuration with some stud work partitions at first floor; both units have self contained kitchen and WC facilities. The property is currently vacant. Units 7-9 Summerlea Court comprise of a similar construction and configuration although the premises are now fully occupied by Insignia Medical Systems Limited, since September 2009. The property is occupied on a 3 year Fully Repairing and Insuring Lease granted on 10th September 2015 generating a total income of £30,876.96 per annum.
We have undertaken a measured survey of the properties and identified the following net internal areas:
Each of the offices has the benefit of allocated car parking, intruder alarms, heating, open plan layouts with storage space also provided within the eaves. Each unit has its own self contained kitchen facilities and WCs. In our opinion, the premises provide an exceptional opportunity for owner occupiers, investors or speculative developers to acquire a substantial office property with the benefit of rental income from the existing occupying tenants of £30,876.96 per annum and significant potential to further develop, subject to the appropriate planning consents. The freehold title occupies the total site area of 0.332 acres which has been primarily given over to 27 car parking spaces for the benefit of the occupying office tenants.
Tenure
Freehold. The premises are offered for sale as a package to include the benefit of the existing occupational tenancy for Units 7-9. Units 5-6 are currently offered with vacant possession although all enquiries are invited for a lease of these premises in addition to the purchase of the freehold interest. New leases will be granted on the basis of market rents of £10 per sq ft, realising circa £28,000 per annum, giving a potential total income for the property of £60,000 per annum.
Legal Costs and VAT Each party is expected to bear their own legal costs in this transaction. All prices quoted may be subject to VAT provisions.
Viewing
No direct approach may be made to the current occupiers. All enquiries and appointments to view must be made via Charters Commercial on 01962 888900.
Business Rates
The subject properties have the following ratings in accordance with the VOA Rating List 2010: Unit 5 £10,500 Unit 6 £10,500 Unit 7-9 £22,500 The standard business multiplier for 2015/2016 is £0.493. Further relief may be available. Please make enquiries to the Local Authority in respect of rates payable.
First Floor, Winchester House, Basingstoke Road, Kings Worthy, Winchester, Hampshire, SO23 7QF T: 01962 888900 e: [email protected] www.charterscommercial.co.uk
Disclaimer Property Details: These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate. No person in this firms employment has the authority to make or give any representation or warranty in respect of the company.
