BARNES WALLIS COURT WELLINGTON ROAD HIGH WYCOMBE BUCKINGHAMSHIRE HP12 3PS - Allsop
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
BARNES WALLIS COURT
WELLINGTON ROAD
HIGH WYCOMBE
BUCKINGHAMSHIRE HP12 3PS
SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
BARNES WALLIS COURT, WELLINGTON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE HP12 3PS SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
INVESTMENT CONSIDERATIONS
■■ Unbroken Business Space Parade situated approximately ■■ Multi let to five tenants providing a net income ■■ Offers are sought in excess of £2,410,000 (Two Million
1 mile south west of High Wycombe town centre of £173,075 per annum Four Hundred and Ten Thousand Pounds) subject
■■ Barnes Wallis Court is located on Wellington Road which ■■ AWULT of 4.48 years to expiry and 1.92 years to break to contract and exclusive of VAT. A purchase at this
is part of the well-established Cressex Business Park level reflects a net initial yield of 6.75%, allowing
■■ Long leasehold for a term of 125 years from 23rd June for purchaser’s costs of 6.36%. This represents
■■ Easy access to junction 4 of the M40 which is situated 2115 (approximately 97 years unexpired) a low capital value of £130psf.
approximately one mile to the south ■■ The property benefits from a total of 57 car parking
■■ The parade comprises six well proportioned business spaces, to the front plus rear of the parade
space units arranged over ground and first floors
totalling approximately 18,476 sq ft (1,716.7 sq m)
A5
A1(M) A602
A44 M1 A131
A34 Aylesbury A130
Harpenden
Hertford
A40 BARNES WALLIS COURT, WELLINGTON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE HP12 3PS SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
A414 M11
A41 Hemel Harlow A12
OXFORD Hatfield
Hempstead St Albans
A4142 Thame
M10 A414 Chelmsford A138
J21 W A414
A420 WY
A404 Chesham Epping Chipping CO
MB
A4010 J20 ER
ILL
AY
D
J23 Ongar
A R CH W
EH
J25
J19 M25 J27 OXF
AM
ORD
SH
HIGH M25
RD
SANDS
ER
Watford A1 Enfield
WYCOMBE
AM
M1 INDUSTRIAL M11 A130 High Wycombe Station
ESTATE
A355 A413 Billericay
HIGH WYCOMBE
J28 TOWN CENTRE
Wickford
Harefield
M40
D
A404 A10
ND ROA
UE
A127 A40
Ruislip A12 J29 Basildon
N
A 40
Marlow
AVE
Romford
LA NE E
J16 Hampstead
LONDON
Wembley The Rye
D E S B OROUGH
Hurley Maidenhead Uxbridge A40 Southend-on-Sea
A34
SLOUGH Canvey
A13
NEW R
M25 Island
A404(M) Southall London
TON ROAD
OA D A
Eton J15
M4 City LA
D
CORONATION ROA
04
A4
NG
Hounslow
NC
Windsor A2 AS
4010
NE
TE
LL
LLI
READING Clapham RR
WE
LA
M4 Heathrow
HI
OA
NS Dartford D D AWS
OW
OR HI L
RL
L
A329(M) D Gravesend LAN RAF Sheerness
H
Egham Ashford OA
MA
E
Kingston Fernie DAWS HILL
R
Bracknall BOOKER
A20 J2
W
Fields Park
LO
Upon Thames
R
C RESSEX ROAD
Ascot Bromley
MA
J12 A23
M3 EX
ROA
D
J3 Gillingham
A322 SS
E
Rochester
Walton-on-Thames CR Croydon
A232 A21 A4010 M2
Sutton M25 M20
Sandhurst M25 M40 Sittingbourne
Epsom
Snodland
J10
Woking A217
A339 Biggin Hill
J9
A22 M26 M20
J5
M3
BASINGSTOKE Fleet M25
A331 A3 Maidstone
J8 J7 J6 Cressex Business Park
A34 Oxted
Aldershot A26
LOCATION GUILDFORD Dorking
Reigate SITUATION
Redhill
High Wycombe is one of the first major commercial centres outside Famham
High Wycombe train station provides direct access to London The parade is located on a private road at the
A21 town centre. The park provides for a wide range
A24 northern end of Wellington Road, approximately of occupiers including tenants from the financial
of Greater London to the north west and is situated approximately Marylebone, Oxford and Birmingham Moor Street with quickest M23 Tonbridge
A303of junction 4 of the M40. Central London is Godalming
one mile north journey times of approximately 23 minutes, 39 minutes and 1 hour Horley200m north of its junction with Lancaster Road. services, IT, manufacturing and distribution sectors,
Paddock
Access to the A404 is approximately 600m Royal
to the as well as Wycombe Trade
Wood Park.
approximately 31 miles to the east, Reading approximately 18 22 minutes respectively. Staplehurst
Gatwick east which provides access to the M40Tunbridge
to the south
miles to the south west and Oxford 26 miles to Alton
the north west. Witley
London Heathrow Airport, situated approximately 18 miles to the Nearby occupiers include Pandect, Hazlemere
Cranleigh Wells
and the town centre and train station to the north.
The town benefits from excellent transport links and road south east, handled a record 77.9 million passengers in 2017 and Group, Dome Print and Interform
A229 amongst others.
A31 Crawley The property forms part of Cressex Business Park
communications with the M40 providing direct access to Central is reported to be the seventh busiest airport in the world by total Three Bridges
London and the M25 to the east and Oxford and Birmingham A264
passenger traffic. The airport is set to benefit from a third runway which is considered the principal business location
to the north West. The M4 is approximately 10 miles to the south. which was approved by the government in 2016, and is set to be in High Wycombe. The park benefits from various
completed in 2025. Horsham bus routes and a park and ride scheme from the
A23 Haywards
Heath
BARNES WALLIS COURT, WELLINGTON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE HP12 3PS SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
79
a
79b
Ne
wm
1 an
s Ro
w
81
a
2
95
81
b
3
4
Gr 83
ov
eP
la c
e
Bishops Court
4
1
2
Oak se
Hou
ridg
DESCRIPTION
e
7
The property comprises a parade of six well proportioned
6
business space units arranged over ground and first floors.
The units benefit from roller shutter doors to the front
Dowding with workspace/storage space to the ground floor and
House office space to the first floor. Specification includes
B ar
carpeted floors, perimeter trunking, recessed lighting
nes
and comfort cooling.
Wa
Each of the tenants benefits from allocated parking to
llis
Co
the front and rear of the property. The rear car park
urt
is accessed through the archway in the parade.
Trenchard
House SITE AREA
The property occupies a site area of 1.12 acres
(0.45 hectares).
El
Sub Sta
1
© Crown Copyright, ES 100004106. For identification purposes only.
El S
ub S
ta
BARNES WALLIS COURT, WELLINGTON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE HP12 3PS SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
TENURE TENANCY SCHEDULE
The property is held Long leasehold from Property Tenant Floor area Floor area Passing Rent Rent Lease Lease Expiry Rent EPC L&T Comments
Wycombe District Council for a term of 125 sq m sq ft per sq ft Commence (Break) Review Rating 1954 Act
years from 24th June 1990, expiring 23rd June
Unit 1 Ashley House Plc 270.3 2,909 £31,000 £10.69 01/06/15 30/05/20 D-83 Excluded 11 Car Parking Spaces.
2115. There is a current ground rent payable of
£22,500 per annum. The next review is 24th June Unit 2 Smartcomm Ltd 272.4 2,932 £31,500 £10.86 07/05/14 06/05/19 D-76 Excluded 9 Car Parking Spaces.
2020 and the rent will be reviewed to the higher 10 Car Parking Spaces.
Unit 3 Smartcomm Ltd 314.4 3,384 £33,000 £9.71 07/05/14 06/05/19 D-78 Excluded
of the passing rent or 12.5% of the full open Schedule of condition
market rental value of the scheme at the Unit 4 Ultrafire Surefire 316.1 3,402 £36,300 £10.70 01/04/16 31/03/2026 01/04/21 D-78 Excluded 9 Car Parking Spaces. Guaranteed by
relevant review date, assuming a hypothetical Group Ltd (31/03/2021) Ultra Surefire Limited, Surefire Services
lease term of 25 years. Limited and Surefire Systems Limited.
Photographic schedule of condition.
Unit 5 Brighter Green 272.0 2,927 £32,275 £11.07 24/08/15 23/08/2025 24/04/20 D-76 Excluded 9 Car Parking Spaces. Guaranteed
Engineering Ltd (23/08/2020) by Foresight Group LLP. Schedule
of condition.
Unit 6 PCB Technical 271.5 2,922 £31,500 £10.82 13/06/14 12/06/2024 13/06/19 D-93 Excluded Rent free 13/06/19 - 12/11/19
Solutions Ltd (12/06/2019) 9 Car Parking Spaces
Gross Rent £195,575
Ground Rent -£22,500
Total 1,716.7 18,476 Net Rent £173,075
BARNES WALLIS COURT, WELLINGTON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE HP12 3PS SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
COVENANT INFORMATION
Ashley House Plc Smartcomm Limited PCB Technical Solutions Limited
Ashley House is a leading housing and Smartcomm is a multi-award winning PCB Technical Solutions offer a
health property partner working with company that has been designing, inte- wide range of services including air
providers and commissioners in the grating and supporting audio visual, IT conditioning, ventilation, controls,
public, private and community sectors. and communication solutions since 1995. mechanical & building services,
Foresight Group LLP Ultra Surefire Group Limited along with energy management
control systems.
Brighter Green Engineering is an Ultra Surefire provides fire safety
operations and maintenance contractor management solutions for commercial
specialising in the solar industry with properties as well as service and
operations in the UK. maintenance.
BARNES WALLIS COURT, WELLINGTON ROAD, HIGH WYCOMBE, BUCKINGHAMSHIRE HP12 3PS SOUTH EAST BUSINESS SPACE INVESTMENT OPPORTUNITY
SERVICE CHARGE
The budgeted service charge for the year ending
30th September 2018 is £23,273 which equates to £1.26 psf.
VAT
The property is VAT registered. It is envisaged
that the transaction will be treated as a Transfer
of a Going Concern (TOGC).
DATAROOM
For access to the Allsop dataroom please use the following link:
https://datarooms.allsop.co.uk/register/BWC-HW
PROPOSAL
Offers are sought in excess of £2,410,000 (Two Million Four Hundred For further information or to make arrangements for viewing please contact:
and Ten Thousand Pounds) subject to contract and exclusive of VAT.
Andy Pointon Richard Lea
A purchase at this level reflects a net initial yield of 6.75%, allowing for 020 7543 6720 020 7543 6832
purchaser’s costs of 6.36%. This represents a low capital value of £130psf. andy.pointon@allsop.co.uk richard.lea@allsop.co.uk www.allsop.co.uk
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be
relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings
and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness
of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries.
Allsop is the trading name of Allsop LLP. Design CommandD www.commandHQ.co.uk 04.18
You can also read
