Property Details

OFFICE INVESTMENT FOR SALE - Salisbury

C6409
For Sale - Available
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  • 20200310_142734
  • 20200310_142530

Property ID: C6409

For Sale £825,000 plus VAT
OLD LIBRARY HOUSE • 4 DEAN PARK CRESCENT • BOURNEMOUTH BH1 1LY
TELEPHONE: 01202 551 821 • FAX: 01202 557 310 • DX 7614 BOURNEMOUTH
www.ellis-partners.co.uk
ALSO AT BRIGHTON
Ellis and Partners Ltd No. 04669426.
Ellis and Partners (Bournemouth) Ltd No. 6522485. Ellis and Partners (Brighton) Ltd No. 6522566
Registered in England and Wales. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY
1075

Features

  • Purchaser can take over the office park management and service charge
  • Units 2 & 4 freehold available

Address

  • Units 2 & 4 Oakridge Office Park, Southampton Road, Whaddon, Salisbury, Wilts, SP4 3HT

SITUATION AND DESCRIPTION

The historic Cathedral City of Salisbury has a population of 41,682  and a district population of 1175,000 (2011 census)

Whaddon  and Alderbury are approximately 5 miles to the south east of Salisbury City centre just off the A36 at the junction of the Alderbury Bypass.   Oakridge Office Park is located next door to Whaddon Business Park

Oakridge Office Park comprises a development of 7 self contained office units with a ground floor foot print of 11,570 sq.ft. (1,075 sq.m.) and 39 parking spaces  on site.

Units 1, 3, 5,,6 and 7 have been sold on a freehold basis.   Units 2 and 4 have been retained by the developer who built them originally.

Unit 2 is entirely on ground floor and has been partitioned to form a reception area at the front leading to a meeting room  and an open plan office area to the rear.  The accommodation includes a kitchen and cloakrooms

Unit 4 ground has been partitioned into a number of individual offices, cloakrooms and kitchenette and  with a more open plan office area in the middle.  There is a central staircase and lift to access the first floor. the first floor is a mix of open office areas and individual rooms.  The tenants have extended the first floor so that is covers the entire ground floor footprint.

ACCOMMODATION
Unit 2  – Ground Floor only
1,623sq.ft. (150.77 sq.m.) Approx
6 Parking spaces

Unit 4 Ground and First Floors
3,965 sq.ft (368.35 sq.m.) Approx.
This includes 370 sq.ft. of mezzanine flooring installed by the tenants
13 Parking spaces

RATEABLE VALUE
Unit 2—£17,250
Unit 4—£33,250

PLANNING
Planning consent was granted 25th January 2005 for the erection of 7 Class B1 office units and creation of a new access.   Planning Reference S/2004/2316

Interested parties should make their own enquiries to Salisbury District Council Planning department. Contact details below

Development Management, Wiltshire Council Bourne Hill Salisbury, SP1 3UZ.   Tel: 0300 456 0114.
Email  developmentmanagement@wiltshire.gov.uk

EPC RATINGS
Unit 2—B
Unit 4—B

TENANCIES

Unit 2
The premises are held by way of a 6 year lease from 10th December 2016 ending 9th December 2022 to Gaudi Limited (company Registration No. 06502014) at a rental of £21,650 p.a.
Rent reviews 9th December 2019 and 9th December 2022
Tenant must keep the demised premises clean and tidy and in good repair and condition.
Service charge obligation 13%.
Permitted user is Class B1 offices .
Tenant break clause on 9th December 2019.
Rent deposit £4,262.50 plus VAT

Unit 4
The premises are held by way of a 10 year lease  from 17th April 2014 to Andante Travels Limited (Company Registration No. 01969761) at a rental of £40,000 p.a.
Rent review on 17th April 2019
Tenant must keep the demised premises clean and tidy and in good repair and condition.
Service charge obligation 29.1%
Permitted User clause is Class B1 offices
Tenant Break clause 17th April 2019
Rent deposit £8,150 plus VAT

PRICE

£825,000 plus VAT for the freehold investment subject to and with the benefit of the existing leases and rental income.

Alternatively offers for the two units may be considered.
Unit 2 – £275,000 plus VAT
Unit 4 – £550,000 plus VAT

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Particulars PDF
Property Map
  • 20200310_142530
The Agents for themselves and for the Vendor of this property, whose agents they are, give notice that: (1) These particulars do not constitute, nor constitute any part of , an offer or a contract. (2) All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or Vendor. (3) None of the statements contained in these particulars as to this property are to be relied on as statements or representatives of fact. (4) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The Vendor does not make or give and neither the Agents nor any person in their employ has any authority to make or give, any representation or warranty whatsoever in relation to this property.
These particulars are issued on a strictly Private & Confidential basis and on condition that the information given is for private use of the recipient and any professional adviser consulted by the recipient and, further, that any information contained within these Particulars is not divulged to third parties. To comply with the Property Misdescriptions Act of 1991 these Particulars are intended only as a guide and must not be relied upon as statement of fact, your attention is drawn to the following important notice.
IMPORTANT NOTICE
  1. In compliance with the Property Misdescriptions Act 1991 these particulars are prepared for the guidance only of prospective purchasers, they are intended to give a fair overall description of the property or premises concerned but are not intended to constitute part of an offer or a contract.
  2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact.
  3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise or that any services or facilities are in good working order.
  4. Any photographs appearing in this brochure may not show all the property and show only certain aspects of the property at the time when the photographs were taken. Certain aspects of the property may have changed since these photographs were taken, it should not be assumed that the property remains precisely as depicted in these photographs. Furthermore, no assumption should be made in respect of parts of the property, which are not shown in the photographs.
  5. Any measurements, areas or distances referred to herein are approximate only.
  6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of a part of the property, this is not intended to be a statement that any necessary planning, building regulation or other consents have been obtained. Any intending purchaser must verify these matters.
  7. Any statements regarding Leasehold Interests have been prepared with due diligence but we will not necessarily have had sight of original legal documentation. It will be the responsibility of the intended lessee or purchaser to confirm that these details are correct with the vendors or landlord’s legal representatives.
  8. Descriptions of the property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of a statement of fact.
You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends that you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.commercialleasecodeew.co.uk
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