OPTREX BUSINESS PARK Industrial / Warehouse ... - BDT - UK.COM
OPTREX BUSINESS PARK ROTHERWICK, NR HOOK, HAMPSHIRE RG27 9AY
Industrial / Warehouse Investment FOR SALE FREEHOLD
INVESTMENT SUMMARY • Attractive rural location • Let on 9 leases/licences • Good on-site parking • Current rent £103,984 pax rising to £109,384 pax • 9,595 sq ft in units from 300 sq ft to 2,000 sq ft • Price: £1,400,000 plus VAT
DESCRIPTION
SITE PLAN
Optrex Business Park sits in its own gated self contained site, with good parking provisions in the communal parking areas and in front of some of the units. The properties comprise a mixture of industrial/storage units. Units 8 and 9/10 are of a modern construction with 17ft 4in eaves (5.3m) and full height loading doors. The remaining units, some which have been refurbished, are of a mixed construction and eaves height.
For illustrative purposes only. Not to scale.
9/10
There are eight units and one compound which are all let, with the smallest unit being 300 sq ft and the two largest units 2,000 sq ft each. In total they provide 9,595 sq ft of accommodation. There is planning consent to build two 500 sq ft units on compound 6. The footings have been installed to preserve this consent. In addition there are footings behind units 3 & 4 where planning consent has been granted to demolish and rebuild a 1,000 sq ft and a 1,501 sq ft unit respectively.
6
8
4
3
2
1
5
OPTREX BUSINESS PARK
7 The site boundary continues down access road - see Transfer Plan for full details.
LEASE INFORMATION There are eight tenants on various lease lengths together with containers that have been let out separately. The leases are on internal repairing and insuring terms on leases outside the security of tenure and compensation provisions of the Landlord & Tenant Act.
TENANCY SCHEDULE Unit
Tenant
Lease Term
Lease Start
Lease Expiry
Next Rent Review
Floor Area GIA sq ft sq m
1
Paul Townsend t/a Shine On. Currently being assigned to Auto Curators Ltd
6 years
05/11/2014
04/11/2020
05/11/2017
1,211
113
2
Key Floors Limited Company No: 01614851
6 years
18/04/2013
17/04/19
18/04/16
1,440
3&4
ES Lighting Hire Ltd Company No: 06224715
5 years
29/09/2014
28/09/19
Rent £ pax
Comments
G (176)
£11,000 rising to £13,000 from 05/11/16
• Rent deposit of £2,250 is held • Tenants break on 5/11/17 • 3 parking spaces
134
E (120)
£15,840
• Rent deposit of £2,700 is held • 5 parking spaces • Experian Credit score - low risk
(3) 1,117
104
G (230)
£16,800 rising to £18,000 from 29/09/16
• Rent deposit of £4200 is held • 3 parking spaces • Experian credit score - low risk
527
49
G (150)
1,000
93
E (113)
£11,000
• • • •
A compound
N/A
£6,744
• This is a monthly licence for the use of a compound.
300
28
N/A
£3,300
(4)
EPC
5
Healthcare at Home Ltd Company No: 02759609
5 years
12/06/2015
11/06/20
6
Transport Logistics UK
N/A
01/03/2015
Rolling Licence
7
N Richardson
8
High Pressure Hire Ltd Company No: 02420842
6 years
18/04/11
14/04/17
2,000
186
E (120)
£22,000
• A rent deposit of £2,750 is held • 3 parking spaces • Experian credit score - very low risk
9- 10
Abou Kir Bay Ltd Guarantor Robert Peel
6 years
21/07/14
20/07/20
2,000
186
F (135)
£17,500 rising to £19,500 from 21/07/16 and to £22,500 from 21/07/17
• Tenants break 21/07/17 • A rent deposit of £4,375 rising by £500 at the end of the third year of the lease and by £750 by the fourth year of the lease. • 6 parking spaces
Notes:
1) The landlord recovers a service charge to cover the cost of the grounds maintenance, cctv and sewage system. 2) The landlord recovers the cost of the water used from each tenant.
Rolling Licence
N/A
Tenants break on 12/06/18 Rent deposit of £2,750 is held 3 parking spaces Experian Credit score - very low risk
LOCATION The Optrex Business Park is located alongside Tylney Park Golf Club, with access being gained from the drive leading to the golf club, which is at the southern end of the village of Rotherwick, near Hook. The property is only a short distance from the Tylney Hall Hotel offering excellent local amenities. Hook is approximately 4 miles distant, Reading 13 miles and the M3 Junction 5, 3 miles away, therefore there is easy access to both the M3 and M4 motorways. British Rail services at Hook connect with London Waterloo and Basingstoke.
TENURE The property is available freehold subject to the tenancies.
A33
BRAMLEY
TO READING/M4
A327 B3011
HARTLEY WINTNEY
ROTHERWICK
A340
STROUDS GREEN LANE
HOOK ROAD
A323
A33 Tylney Park Golf Club Tylney Hall
TO LONDON/M25
A323
B3016
A30
PRICE
WINCHFIELD STATION HOOK STATION
BASINGSTOKE
There is a public footpath down the entrance road but not through the site. Rights of access will be required through the site to the adjoining field.
M3
A30
HOOK
OPTREX BUSINESS PARK A339
RIGHTS OF ACCESS
A30
B3349
5
FARNBOROUGH
Our client is seeking offers in excess of £1,400,000 plus VAT.
M3 A340
BASINGSTOKE
A287
VIEWING
TO SOUTHAMPTON
Strictly through the sole agents: M3 B3349 A340
Brian Pickett [email protected]
UPTON GREY
SATNAV: RG27 9AY
Richard Thomas [email protected]
Misrepresentation Act 1967: These particulars are for guidance only and do not form part of any contract, nor can their accuracy be guaranteed. Finance Act 1989: Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction. Services: The Agents have not tested any of the mechanical, electrical or other service installations, and any occupier must satisfy themselves independently as to the state and condition of such services. Designed and produced by The Looking Glass Design 01344 422222. March 2016
Industrial / Warehouse Investment FOR SALE FREEHOLD
INVESTMENT SUMMARY • Attractive rural location • Let on 9 leases/licences • Good on-site parking • Current rent £103,984 pax rising to £109,384 pax • 9,595 sq ft in units from 300 sq ft to 2,000 sq ft • Price: £1,400,000 plus VAT
DESCRIPTION
SITE PLAN
Optrex Business Park sits in its own gated self contained site, with good parking provisions in the communal parking areas and in front of some of the units. The properties comprise a mixture of industrial/storage units. Units 8 and 9/10 are of a modern construction with 17ft 4in eaves (5.3m) and full height loading doors. The remaining units, some which have been refurbished, are of a mixed construction and eaves height.
For illustrative purposes only. Not to scale.
9/10
There are eight units and one compound which are all let, with the smallest unit being 300 sq ft and the two largest units 2,000 sq ft each. In total they provide 9,595 sq ft of accommodation. There is planning consent to build two 500 sq ft units on compound 6. The footings have been installed to preserve this consent. In addition there are footings behind units 3 & 4 where planning consent has been granted to demolish and rebuild a 1,000 sq ft and a 1,501 sq ft unit respectively.
6
8
4
3
2
1
5
OPTREX BUSINESS PARK
7 The site boundary continues down access road - see Transfer Plan for full details.
LEASE INFORMATION There are eight tenants on various lease lengths together with containers that have been let out separately. The leases are on internal repairing and insuring terms on leases outside the security of tenure and compensation provisions of the Landlord & Tenant Act.
TENANCY SCHEDULE Unit
Tenant
Lease Term
Lease Start
Lease Expiry
Next Rent Review
Floor Area GIA sq ft sq m
1
Paul Townsend t/a Shine On. Currently being assigned to Auto Curators Ltd
6 years
05/11/2014
04/11/2020
05/11/2017
1,211
113
2
Key Floors Limited Company No: 01614851
6 years
18/04/2013
17/04/19
18/04/16
1,440
3&4
ES Lighting Hire Ltd Company No: 06224715
5 years
29/09/2014
28/09/19
Rent £ pax
Comments
G (176)
£11,000 rising to £13,000 from 05/11/16
• Rent deposit of £2,250 is held • Tenants break on 5/11/17 • 3 parking spaces
134
E (120)
£15,840
• Rent deposit of £2,700 is held • 5 parking spaces • Experian Credit score - low risk
(3) 1,117
104
G (230)
£16,800 rising to £18,000 from 29/09/16
• Rent deposit of £4200 is held • 3 parking spaces • Experian credit score - low risk
527
49
G (150)
1,000
93
E (113)
£11,000
• • • •
A compound
N/A
£6,744
• This is a monthly licence for the use of a compound.
300
28
N/A
£3,300
(4)
EPC
5
Healthcare at Home Ltd Company No: 02759609
5 years
12/06/2015
11/06/20
6
Transport Logistics UK
N/A
01/03/2015
Rolling Licence
7
N Richardson
8
High Pressure Hire Ltd Company No: 02420842
6 years
18/04/11
14/04/17
2,000
186
E (120)
£22,000
• A rent deposit of £2,750 is held • 3 parking spaces • Experian credit score - very low risk
9- 10
Abou Kir Bay Ltd Guarantor Robert Peel
6 years
21/07/14
20/07/20
2,000
186
F (135)
£17,500 rising to £19,500 from 21/07/16 and to £22,500 from 21/07/17
• Tenants break 21/07/17 • A rent deposit of £4,375 rising by £500 at the end of the third year of the lease and by £750 by the fourth year of the lease. • 6 parking spaces
Notes:
1) The landlord recovers a service charge to cover the cost of the grounds maintenance, cctv and sewage system. 2) The landlord recovers the cost of the water used from each tenant.
Rolling Licence
N/A
Tenants break on 12/06/18 Rent deposit of £2,750 is held 3 parking spaces Experian Credit score - very low risk
LOCATION The Optrex Business Park is located alongside Tylney Park Golf Club, with access being gained from the drive leading to the golf club, which is at the southern end of the village of Rotherwick, near Hook. The property is only a short distance from the Tylney Hall Hotel offering excellent local amenities. Hook is approximately 4 miles distant, Reading 13 miles and the M3 Junction 5, 3 miles away, therefore there is easy access to both the M3 and M4 motorways. British Rail services at Hook connect with London Waterloo and Basingstoke.
TENURE The property is available freehold subject to the tenancies.
A33
BRAMLEY
TO READING/M4
A327 B3011
HARTLEY WINTNEY
ROTHERWICK
A340
STROUDS GREEN LANE
HOOK ROAD
A323
A33 Tylney Park Golf Club Tylney Hall
TO LONDON/M25
A323
B3016
A30
PRICE
WINCHFIELD STATION HOOK STATION
BASINGSTOKE
There is a public footpath down the entrance road but not through the site. Rights of access will be required through the site to the adjoining field.
M3
A30
HOOK
OPTREX BUSINESS PARK A339
RIGHTS OF ACCESS
A30
B3349
5
FARNBOROUGH
Our client is seeking offers in excess of £1,400,000 plus VAT.
M3 A340
BASINGSTOKE
A287
VIEWING
TO SOUTHAMPTON
Strictly through the sole agents: M3 B3349 A340
Brian Pickett [email protected]
UPTON GREY
SATNAV: RG27 9AY
Richard Thomas [email protected]
Misrepresentation Act 1967: These particulars are for guidance only and do not form part of any contract, nor can their accuracy be guaranteed. Finance Act 1989: Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction. Services: The Agents have not tested any of the mechanical, electrical or other service installations, and any occupier must satisfy themselves independently as to the state and condition of such services. Designed and produced by The Looking Glass Design 01344 422222. March 2016
