Freehold industrial/warehouse investment for sale

Key Points

• A modern well specified mid terrace industrial/warehouse unit
• The property is let on IRI terms to Tisics Limited for 15 years from 19th May 2016
• The rent was reviewed to £33,600 per annum in May 2024
• The property is situated on the well established Wade Road industrial area, on the eastern side of Basingstoke

Description

The property comprises a modern, mid-terrace industrial / warehouse unit of steel portal frame construction, with profile metal clad elevations under a pitched, double skin metal clad roof. Unit C is specified with 6.92m eaves height, three phase power supply, electrically operated up and over loading door, disabled access WC and LED lighting. To the front of the building there are 4 allocated parking spaces, and a block paved, shared loading yard.

Location

The property is located on Berrington Way, which forms part of the Wade Road industrial area of Basingstoke. Neighbouring occupiers include Exertis Hammer, Euro Accessories Limited, Thermo-Fisher Scientific and GTK UK Limited.

Access to Basingstoke’s ring road system is about half a mile to the west and in turn provides direct links to Junction 6 of the M3 motorway about 1 mile to the south and the A33 trunk road leading to Junction 11 of the M4 motorway at Reading. Rail connections are also good with a mainline 45-minute rail link to London, Waterloo from the town’s railway station, approximately 1 mile to the southwest.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Tenure

Unit C is let for a term of 15-years from 19th May 2016, expiring on the 18th May 2031 and the rent was recently reviewed to £33,600 per annum. There are tenant only break clauses on the 3rd, 5th, 8th 10th and 13th years of the lease and upward only rent reviews every 2-years, with the next review due on the 19th May 2026. The lease is drawn on IRI terms and the tenant does not have security of tenure.

A service charge is payable for the property and more information available upon request from the agent.

TISICS Limited were established in 2005 and develop high-strength metal composite and innovative net-shape technology to deliver lighter components and greener and cheaper planes, spacecraft and industrial equipment

Legal Costs

Each party is to bear their own legal costs.