Units 7 & 8 Riverside
Omega Park, Alton, GU34 2UF
| Property Type | Investments / Industrial / Warehouse |
| Tenure | For Sale |
| Size | 3,112 sq ft |
| Price | £475,000 |
| Business Rates | £8,483 per annum |
| Energy Performance Rating | This property has been graded as B (50) |
Two modern industrial/warehouse units
Key Points
- Prime location in the affluent Hampshire market town of Alton
- Secure income stream let to Alliance Automotive UK Ltd - a substantial national operation with over 800 outlets
- Attractive yield of 6.7% net initial
- Lease security with approx 3 years remaining to expiry
- Excellent connectivity via A31 to M3, London Waterloo rail link
- Quality specification with mezzanine floors and trade counter facilities
Description
Riverside comprises high quality industrial/warehouse units built in 2007 and constructed to modern standards within an attractive landscaped setting adjoining the Caker Stream Road.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Unit - 7 Ground Floor | 876 | 81.38 |
| Unit - 7 Mezzanine | 475 | 44.13 |
| Unit - 7 Total Area | 1,351 | 125.51 |
| Unit - 8 Ground Floor | 1,126 | 104.61 |
| Unit - 8 Mezzanine | 635 | 58.99 |
| Unit - 8 Total Area | 1,761 | 163.60 |
Location
Riverside forms the final phase of the Omega Park development and is well located for access to both the town centre and the A31.
Companies with headquarters buildings on Omega Park include Altair and Ceratech. Other nearby major occupiers include Coors, Laleham Healthcare and Tectonics.
The A31 provides fast access to the Blackwater Valley towns and M3 via the A331. To the south west theA31 also links with Winchester and Southampton via the M3.
Alton itself lies at the centre of East Hampshire with a catchment population of over 100,000. The townhas a well established commercial centre and substantial industrial base.
Building Specification
Steel portal frame construction with insulated profiled metal cladding
10% roof lights providing excellent natural lighting
Up and over loading doors - 3m wide x 4m high
Generous eaves height - 6.9m to 8.5m
Mezzanine floors (installed by tenant) covering approximately 50% of ground floor area
6 allocated parking spaces plus loading area
Tenancy
Single lease to Alliance Automotive UK LV Ltd
Term: 10 years expiring 10th September 2028
Rent: £33,578 per annum exclusive
Terms: Full repairing and insuring lease
The property is registered for VAT
Tenant Covenant
Alliance Automotive UK - Leading wholesaler of automotive parts and accessories with:
Substantial national presence - Over 800 distributor outlets across UK and Ireland and 20 regional distribution centres
Robust financials (YE December 2023):
Turnover: £505.2 million
Post-tax profit: £28.5 million
Net current assets: £61.1 million
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers where legislation requires us to do so.
Legal Costs
Each party to be responsible for the payment of their own legal costs incurred in the sale.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents:
