10892 Sq ft --- Investment --- For Sale
The property is located on Blackwater Way on one of the established industrial locations within Aldershot, approximately 2 miles east of Aldershot town centre and mainline railway station. The property has very good access to the Blackwater Valley Relief Road (A331) with links to the M3, A3 and A31, providing good access to Farnham and Guildford. Aldershot is midway between Farnborough and Farnham.
A cleared site of approximately ¼ acre (10,892 sq ft) in a secure palisade fenced area used by the tenant for storage of motor vehicles, including damaged motor vehicles. The site is flat and regular in size with tarmacked surface.
We are instructed to sell our client’s long leasehold interest which was originally granted for a term of 125 years from 29th September 2003 at a current rent of £7,830 per annum exclusive, subject to rent reviews every 10 days to a cleared site value.
The plot is leased to BHW Automotive Limited for a term of 10 years from 22nd July 2013 paying a net rent from 22nd July 2018 of £17,000 per annum exclusive.
BHW pay the ground rent of £7,830 per annum directly to Rushmoor Borough Council.
The tenant of the site also occupies and runs their main business in the adjoining warehouse. Under the 125 year ground lease, there are full access rights to the plot of land over the adjoining premises from Blackwater Way. Further details are available on request of the various arrangements.
We are seeking a price in excess of £200,000 to receive the benefit of the net income of £17,000 per annum exclusive.
Strictly by arrangement with sole letting agents.