Property Details

OFFICE INVESTMENT FOR SALE - Salisbury

For Sale - Available
Download Marketing Details
  • 20200310_142734
  • 20200310_142530

Property ID: C6409

For Sale £825,000 plus VAT
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.

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