Tongham Road, Aldershot, GU12 4AA
|Property Type||Warehouse & Industrial|
|Size||9,842 sq ft|
|Energy Performance Rating||Upon enquiry|
Paragon Court currently provides 2 separate industrial units of 3,875 and 5,967 sq ft, which were previously occupied as a single overall building, and capable of single use in the future.
The building occupies a self-contained plot of circa 0.68 acres on the Blackwater Way Trading Estate, with easy access to the A331 at the Aldershot intersection (within half a mile) and within approx 1.5 miles of the town centre.
Unit 2 (front) comprises a factory area with separate offices to the front, and with a side storage building, with Unit 2 (rear) providing a factory area with side offices, with both buildings having loading door access off the yard area.
The site is self-contained, and capable of full security fencing, if required.
Unit 1 is currently held under a lease terminating 20 September 2022 (but potentially available for occupation at an earlier date), with Unit 2 held under a lease unit 31 December 2022. The lease on Unit 1 creates an income of £32,000 pa (circa £5.00 psf, with the lease on Unit 2 creating an income of £23,500 pa (approx £6.00 psf).
The premises are held under a ground lease from Rushmoor Borough Council for 99 years from 31 December 1971, at a current ground rent of £22,500 pa.
Rushmoor Borough Council have indicated that they are interested in a ground lease restructure (subject to negotiation).
As such, the site offers opportunities for onward investment, or for partial / full occupation.
The accommodation comprises of the following
|Name||Building type||Sq ft||Sq m|
|Unit - Unit 1||Industrial / Warehouse||5,967||554.35|
|Unit - Unit 2||Industrial / Warehouse||3,875||360|
Offers in the region of £750,000 for the benefit of the ground leasehold interest, and subject to the existing rents payable of £55,500 pa exclusive, but with ground rent payable to RBC of £22,500 pa (net existing income £33,000 pa).
Unit 1 - Rateable value £37,250 pa / Rates payable £19,072 pa
Unit 2 - Rateable value £24,250 pa / Rates payable £12,416 pa
Each party to meet their own costs incurred in the transaction.
Unit 1 - F (150)
Unit 2 - E (111)
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