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4 Station Road West 12,182 SF 100% Leased Industrial Building Aldershot GU12 5QD $1,194,544 ($98.06/SF)
INVESTMENT HIGHLIGHTS
- Detached Industrial Premises with Good Parking/Loading & Exterior Space
- 2 Full Sized Electric Loading Doors – Width 4.8 Metres & Height 4.5 Metres
- Excellent Potential for Various Types of Industrial Users
- Eaves Height 5.1 Metres, Pitch Height 6.7 Metres
- Potential to split the Building into Two Separate Units if required
EXECUTIVE SUMMARY
Our client’s ground lease interest in the premises is for sale with a guide of “Offers in the Region of £895,000”.
Our client owns a “rack rented” ground lease granted 1st June 1981 for a term of 125 years (approximately 81 years remaining) incorporating 5 yearly upward only (not downward) open market rent reviews, with the rent review based on 29% of the open market value of the property. The next rent review is due as from the 31st July 2027. The current ground rent is £33,996 per annum.
Please note that within the rent review mechanism, the property is to be valued on the basis of a 25 year lease which we believe will make it difficult for the landlord to justify future rent uplifts as 25 year leases are rarely taken within the current market, and for this type and size of building.
Our client owns a “rack rented” ground lease granted 1st June 1981 for a term of 125 years (approximately 81 years remaining) incorporating 5 yearly upward only (not downward) open market rent reviews, with the rent review based on 29% of the open market value of the property. The next rent review is due as from the 31st July 2027. The current ground rent is £33,996 per annum.
Please note that within the rent review mechanism, the property is to be valued on the basis of a 25 year lease which we believe will make it difficult for the landlord to justify future rent uplifts as 25 year leases are rarely taken within the current market, and for this type and size of building.
PROPERTY FACTS
| Price | $1,194,544 | Property Type | |
| Price Per SF | $98.06 | Rentable Building Area | 12,182 SF |
| Sale Type | Investment | No. Stories | 1 |
| Tenure | Long Leasehold | Year Built | 1980 |
| Price | $1,194,544 |
| Price Per SF | $98.06 |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Property Type | |
| Rentable Building Area | 12,182 SF |
| No. Stories | 1 |
| Year Built | 1980 |
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4 Station Road West
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