prominent long leasehold industrial/warehouse investment for sale
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Enclosed yard
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Site area approximately 0.6 acres (0.24 ha)
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M3 (Junction 6) approx 1.5 miles
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Prominent and popular location
PROMINENT LONG LEASEHOLD INDUSTRIAL/WAREHOUSE INVESTMENT FOR SALE 6 Rutherford Road, Daneshill Industrial Estate, BASINGSTOKE, Hampshire RG24 8PD
6 RUTHERFORD ROAD
FARADAY ROAD WADE ROAD GRESLEY ROAD
LOCATION
TENANT
The Daneshill Industrial Estate is situated on the northern side of Basingstoke near the Northern Ring Road. Junction 6 of the M3 is about 1.5 miles and the A33 Reading Road close by. Reading is about 17 miles, as is Newbury. Basingstoke benefits from a mainline Railway Station (London Waterloo about 47 minutes).
The Tenant is Wicks & Wilson Limited, which became part of The Crowley Company in 2011. Crowley offer a complete range of digital and analog solutions for imaging technology and film processing. Address: 5111 Pagasus Court, Suite M, Frederick, Maryland 21704 Wicks & Wilson have been involved in the micrographics and digitization industries for 4 decades and are seen as World Leaders in the design and manufacture of micrographic scanning equipment.
DESCRIPTION The property is a detached steel portal frame building on a site of about 0.6 acres surrounded by palisade fencing.
GROUND LEASE The Ground lease is for a term of 125 years from 12th April 1990, and therefore has some 99 years left unexpired. It is subject to 5 yearly upward rent reviews, the next one being due on 23rd April 2020. l The current Ground rental payable is £14,600 pa ex. l The rent review gearing is 20% of the rack rental value. l The Use Classes are defined as being B1,B2 and B8. The fifth Schedule defines the gross internal floor area as being no less than 10,659 sq ft.
NEW BLACKDAM INTERCHANGE
PRICE Our Clients are seeking offers in excess of £750,000 plus VAT subject to contract for the long leasehold interest, subject to and with the benefit of the existing occupational lease.
VIEWING By appointment through the Sole Agents.
OCCUPATIONAL LEASE ACCOMMODATION Factory/warehouse approx.
8,244 sq ft
Offices and ancillary approx.
2,802 sq ft
TOTAL GIA approx. Mezzanine EPC
D
11,046 sq ft
90
983 sq ft
This is for a term of 10 years from 9th April 2015, therefore 9 years left unexpired. There is a Tenant’s right to break at the end of the 5th year, on the giving of 6 months prior notice. It is on an FRI basis, but subject to a Schedule of Condition. Current rent payable is £38,409 pa ex rising to £76,818 pa ex from 9th October 2016. From 8th April 2020 until 8th April 2021 the rent will be 75% of the greater of the rack rental value or rent payable during the previous review period. Therefore effectively 3 months rent free if the Tenant does not exercise the break. If they do exercise the break then the Tenant pays £19,204.50 plus VAT. From 9th April 2021 the rent is to be the higher of the rack rental value or the previous passing rent. The net income from 9th October 2016 will therefore be £62,218 pa.ex. VAT is payable in addition to the rent.
Jim London [email protected] Misrepresentation Act 1967: The particulars contained in this brochure are believed to be correct, but they cannot be guaranteed and they are expressly excluded from any contract. Finance Act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchaser or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction.
Compiled April 2016
Enclosed yard
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Site area approximately 0.6 acres (0.24 ha)
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M3 (Junction 6) approx 1.5 miles
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Prominent and popular location
PROMINENT LONG LEASEHOLD INDUSTRIAL/WAREHOUSE INVESTMENT FOR SALE 6 Rutherford Road, Daneshill Industrial Estate, BASINGSTOKE, Hampshire RG24 8PD
6 RUTHERFORD ROAD
FARADAY ROAD WADE ROAD GRESLEY ROAD
LOCATION
TENANT
The Daneshill Industrial Estate is situated on the northern side of Basingstoke near the Northern Ring Road. Junction 6 of the M3 is about 1.5 miles and the A33 Reading Road close by. Reading is about 17 miles, as is Newbury. Basingstoke benefits from a mainline Railway Station (London Waterloo about 47 minutes).
The Tenant is Wicks & Wilson Limited, which became part of The Crowley Company in 2011. Crowley offer a complete range of digital and analog solutions for imaging technology and film processing. Address: 5111 Pagasus Court, Suite M, Frederick, Maryland 21704 Wicks & Wilson have been involved in the micrographics and digitization industries for 4 decades and are seen as World Leaders in the design and manufacture of micrographic scanning equipment.
DESCRIPTION The property is a detached steel portal frame building on a site of about 0.6 acres surrounded by palisade fencing.
GROUND LEASE The Ground lease is for a term of 125 years from 12th April 1990, and therefore has some 99 years left unexpired. It is subject to 5 yearly upward rent reviews, the next one being due on 23rd April 2020. l The current Ground rental payable is £14,600 pa ex. l The rent review gearing is 20% of the rack rental value. l The Use Classes are defined as being B1,B2 and B8. The fifth Schedule defines the gross internal floor area as being no less than 10,659 sq ft.
NEW BLACKDAM INTERCHANGE
PRICE Our Clients are seeking offers in excess of £750,000 plus VAT subject to contract for the long leasehold interest, subject to and with the benefit of the existing occupational lease.
VIEWING By appointment through the Sole Agents.
OCCUPATIONAL LEASE ACCOMMODATION Factory/warehouse approx.
8,244 sq ft
Offices and ancillary approx.
2,802 sq ft
TOTAL GIA approx. Mezzanine EPC
D
11,046 sq ft
90
983 sq ft
This is for a term of 10 years from 9th April 2015, therefore 9 years left unexpired. There is a Tenant’s right to break at the end of the 5th year, on the giving of 6 months prior notice. It is on an FRI basis, but subject to a Schedule of Condition. Current rent payable is £38,409 pa ex rising to £76,818 pa ex from 9th October 2016. From 8th April 2020 until 8th April 2021 the rent will be 75% of the greater of the rack rental value or rent payable during the previous review period. Therefore effectively 3 months rent free if the Tenant does not exercise the break. If they do exercise the break then the Tenant pays £19,204.50 plus VAT. From 9th April 2021 the rent is to be the higher of the rack rental value or the previous passing rent. The net income from 9th October 2016 will therefore be £62,218 pa.ex. VAT is payable in addition to the rent.
Jim London [email protected] Misrepresentation Act 1967: The particulars contained in this brochure are believed to be correct, but they cannot be guaranteed and they are expressly excluded from any contract. Finance Act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchaser or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction.
Compiled April 2016
