TO LET - London - Realla
COMMERCIAL PROPERTY CONSULTANTS & CHARTERED SURVEYORS 81 London Road, Southampton, Hampshire SO15 2AA EMAIL [email protected] TEL +44 (0)2380 330442 Basingstoke Camberley Southampton Winchester www.londonclancy.com
T O LE T MODERN QUALITY PRODUCTION INDUSTRIAL/WAREHOUSE FACILITY Incorporating Extensive Office Fit Out And R & D areas 16,900 – 23,794 sq ft (1,570 – 2,211.50 sq m) By Way of Lease Assignment or Short Term Sub Lease
Unit 7 The Quadrangle Abbey Park Industrial Estate Romsey SO51 9DL ACQUISITIONS BUILDING SURVEYING BUSINESS RATES CONSULTANCY DEVELOPMENT INVESTMENTS LEASE RENEWALS LETTINGS PROPERTY AUDIT PROPERTY MANAGEMENT RELOCATION RENT REVIEWS SALES VALUATIONS
LOCATION The Quadrangle forms part of the established Abbey Park Industrial Estate accessed via the A27 and located 3 miles from J3 M27 and 2 miles from Central Romsey. Other occupiers on the estate include Flight Plastics, Affinage, Tally Medical and Cedar Group. DESCRIPTION A semi-detached industrial/warehouse building of portal frame construction that has been extensively fitted out with high quality offices and R & D areas. The unit provides brick elevations to the front of the unit with part brick and profile cladding to the side and rear. AMENITIES • Quality brick elevations to front elevation • Fully fitted kitchen/welfare area • High quality office content • 3 phase power • Heating & lighting to production areas • Eaves 6.6m • Gas heating to offices • Air cooling units to offices • Suspended ceiling recessed lighting to offices • WC cloakrooms and shower room (including disabled) • Wide level loading door & tail gate (for vans/transits) loading doors to rear
FLOOR AREAS (MEASURED GIA FROM SCALED PLANS) Original GF office area 1,873 sq ft 174 sq m Original FF office area 1,866 sq ft 173.4 sq m Ground floor production areas split: Labs/training areas 7,300 sq ft 678 sq m Warehouse/workshop area 5,818 sq ft 540.50 sq m First Floor: Additional high quality office areas undertaken as tenants improvements Area 1 (accessed from first floor landing) 1,791 sq ft 166.38 sq m Area 2 (accessed from far end) 1,173 sq ft 109.90 sq m First floor central storage mezzanine area (floor loading capable of providing additional offices) 2,047 sq ft 190.12 sq m First floor mezzanine area within rear workshop area 1,926 sq ft 178.87 sq m Total 23,794 sq ft 2,211 sq m EPC The properties have Energy Performance Ratings as follows - C-68 TERMS The premises is held on a 10 year full repairing and insuring lease from 25th March 2015 with a rent review on the 25th March 2020 or available on a sub-lease until 2020 at open market rent. RENT PASSING £114,993 per annum exclusive TENANT’S BREAK The lease provides for a tenant’s break on the 24th March 2020 providing not less than 6 months written notice without rental penalty. NEW LEASE Initial discussions with the landlord have indicated a new lease could be made available subject to the financial covenant status of the tenant. RATES Rateable value
£117,000
Source: www.voa.gov.uk
LEGAL COSTS Each party to pay their own legal costs. VIEWING Strictly by appointment through the sole agents: David Heda/Alex Welch London Clancy 02380 330442 Email: [email protected]
MISREPRESENTATION ACT 1967 – LONDON CLANCY FOR THEMSELVES AND FOR THE VENDORS/LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE, GIVE NOTICE THAT: a) These particulars are set out as a general outline only for the guidance of intending purchasers/lessees and do not constitute part of an offer or contract. b) All descriptions, dimensions, references to condition and necessary permissions for use and other details are given in good faith and are believed to be correct, but any intending purchaser or lessee should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of teach of tem. c) We have not tested any of the service installations and any purchaser/lessee must satisfy themselves independently as to the state and condition of such items. d) No person in the employment of London Clancy has any authority to make or give any representations or warranties whatsoever in relation to this property. Finance Act 1989 – Unless otherwise stated, all prices and rents are quoted 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
T O LE T MODERN QUALITY PRODUCTION INDUSTRIAL/WAREHOUSE FACILITY Incorporating Extensive Office Fit Out And R & D areas 16,900 – 23,794 sq ft (1,570 – 2,211.50 sq m) By Way of Lease Assignment or Short Term Sub Lease
Unit 7 The Quadrangle Abbey Park Industrial Estate Romsey SO51 9DL ACQUISITIONS BUILDING SURVEYING BUSINESS RATES CONSULTANCY DEVELOPMENT INVESTMENTS LEASE RENEWALS LETTINGS PROPERTY AUDIT PROPERTY MANAGEMENT RELOCATION RENT REVIEWS SALES VALUATIONS
LOCATION The Quadrangle forms part of the established Abbey Park Industrial Estate accessed via the A27 and located 3 miles from J3 M27 and 2 miles from Central Romsey. Other occupiers on the estate include Flight Plastics, Affinage, Tally Medical and Cedar Group. DESCRIPTION A semi-detached industrial/warehouse building of portal frame construction that has been extensively fitted out with high quality offices and R & D areas. The unit provides brick elevations to the front of the unit with part brick and profile cladding to the side and rear. AMENITIES • Quality brick elevations to front elevation • Fully fitted kitchen/welfare area • High quality office content • 3 phase power • Heating & lighting to production areas • Eaves 6.6m • Gas heating to offices • Air cooling units to offices • Suspended ceiling recessed lighting to offices • WC cloakrooms and shower room (including disabled) • Wide level loading door & tail gate (for vans/transits) loading doors to rear
FLOOR AREAS (MEASURED GIA FROM SCALED PLANS) Original GF office area 1,873 sq ft 174 sq m Original FF office area 1,866 sq ft 173.4 sq m Ground floor production areas split: Labs/training areas 7,300 sq ft 678 sq m Warehouse/workshop area 5,818 sq ft 540.50 sq m First Floor: Additional high quality office areas undertaken as tenants improvements Area 1 (accessed from first floor landing) 1,791 sq ft 166.38 sq m Area 2 (accessed from far end) 1,173 sq ft 109.90 sq m First floor central storage mezzanine area (floor loading capable of providing additional offices) 2,047 sq ft 190.12 sq m First floor mezzanine area within rear workshop area 1,926 sq ft 178.87 sq m Total 23,794 sq ft 2,211 sq m EPC The properties have Energy Performance Ratings as follows - C-68 TERMS The premises is held on a 10 year full repairing and insuring lease from 25th March 2015 with a rent review on the 25th March 2020 or available on a sub-lease until 2020 at open market rent. RENT PASSING £114,993 per annum exclusive TENANT’S BREAK The lease provides for a tenant’s break on the 24th March 2020 providing not less than 6 months written notice without rental penalty. NEW LEASE Initial discussions with the landlord have indicated a new lease could be made available subject to the financial covenant status of the tenant. RATES Rateable value
£117,000
Source: www.voa.gov.uk
LEGAL COSTS Each party to pay their own legal costs. VIEWING Strictly by appointment through the sole agents: David Heda/Alex Welch London Clancy 02380 330442 Email: [email protected]
MISREPRESENTATION ACT 1967 – LONDON CLANCY FOR THEMSELVES AND FOR THE VENDORS/LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE, GIVE NOTICE THAT: a) These particulars are set out as a general outline only for the guidance of intending purchasers/lessees and do not constitute part of an offer or contract. b) All descriptions, dimensions, references to condition and necessary permissions for use and other details are given in good faith and are believed to be correct, but any intending purchaser or lessee should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of teach of tem. c) We have not tested any of the service installations and any purchaser/lessee must satisfy themselves independently as to the state and condition of such items. d) No person in the employment of London Clancy has any authority to make or give any representations or warranties whatsoever in relation to this property. Finance Act 1989 – Unless otherwise stated, all prices and rents are quoted 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
