Location Estimated District Population: 165,800 Miles: 17 miles south of Reading 48 miles north-east of Southampton 50 miles south-west of Central London
Roads: A30, A339, M3
Position The property is located in an established mixed commercial area with good access to Basingstoke Ring Road and 2 miles south-west from the town centre.
Nearby: Sony, Adidas, Motorola, De La Rue B&Q and McDonald’s.
Present Accommodation (approximate areas) Floor
Accommodati Ground Floor Offices First Floor
Part Second Floor (Front)
Part Second Floor (Rear)
Offices Offices Offices Net Internal Areas Tenant
464.50 sq m (5,000 sq ft) WELLA (UK) LIMITED (1)
591.77 sq m (6,370 sq ft) VINTERS ENGINEERING PLC (2)
294.49 sq m (3,170 sq ft) WELLA (UK) LIMITED (1)
322.36 sq m (3,470 sq ft) WELLA (UK) LIMITED (1)
Total Commercial Area 1,673.12 sq m (18,010 sq ft) Term
Approximately 18 years from 24th June 1993 expiring 25th December 2011
25 years from 1st July 1990 Rent £ £50,410 £95,580 25 years from 14th June 1990 £45,750
Approximately 18 years from 24th June 1993 expiring 25th December 2011
Total Rent £32,960 £224,700
(1) Wella (UK) Ltd is a salon and hair products manufacturer and for the year to 06/10 reported a turnover of £94.7 million, pre-tax profits of £687,000 and total assets of £60.1 million (Source: One Source One-Stop Report). The ground floor has been sublet in its entirety to Mercona (GB) Ltd, a developer, manufacturer and distributer of hair and bodycare products – a part of Emil Kiessling Gmbh.
(2) Vinters Engineering plc, for the year to 12/10, reported a turnover of £20.3 million, pre-tax profits of £77.5 million and a net worth of £338.7 million – a part of the Rolls Royce Group plc (Source: One Source One-Stop Report). A part of the first floor has been sublet.
Description OFFICE BUILDING arranged on the ground, first and second floors. The property benefits from a lift serving all floors and 106 on-site car parking spaces.
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
Rent £224,700 pa
High Yielding Freehold Office Investment
• Let toWella (UK) Limited and Vinters Engineering Limited
• High yielding on Guide Price • Low capital value on Guide Price • Active management opportunities
• 30Working Day Completion available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor McGrigors LLP. t: 0131 777 7379. e: geoffrey.harding@mcgrigors.com Ref: G Harding Esq.