Warehouses for sale in the Rushmoor, Farnborough

Commercial Property in Rushmoor available for sale

Explore the Latest Rushmoor, Farnborough Warehouses for Sale

3-7 Wyndham St

Aldershot, GU12 4NY

Industrial for Sale
£900,000
14,658 sq ft

Aldershot Industrial for Sale

The property comprises two detached buildings linked by a yard/loading area. The main building is built under a brick clad portal frame with a corrugated fibre cement roof. The entire area has been fitted with a mezzanine floor providing a mix of storage / office space. The ancillary building is a similar brick / metal clad structure sharing the yard. The building is multi let to a mix of well presented office tenants and warehouse users producing £39,000 pa. Part vacant warehouse space to let at circa £55,000. Tenancy schedule available on request.

Contact:

Traynor Ryan

Property Subtype:

Warehouse

Date on Market:

25/10/2024

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Warehouses for Sale Within 5 miles of the Rushmoor, Farnborough

4 Station Road West

Aldershot, GU12 5QD

Industrial for Sale
£895,000
12,182 sq ft

Aldershot Industrial for Sale - Ash Vale

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.