Property photos
Just added
Freehold
£250,000
(£279.64/sq. ft)
Industrial for sale
Units 9, 10 & 11 Templar Court, Knights Park Road, Basingstoke RG21From 894 - 2,706 sq. ft
Local area information
Property location
Nearby amenities
- Oakridge Infant School 0.5 miles
- Oakridge Junior School 0.5 miles
- Basingstoke 0.8 miles
- Bramley (Hampshire) 4.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Basingstoke to find out more about the local area.
Features and description
- Freehold
Key Points
Sipp / Private Investor Purchase Extremely rare small 'single lot' size investments Units 9 & 10 let under two separate leases to Brett Ruth Auto Ltd Small lot sizes of £250,000 plus VAT (per unit) Modern construction built around 2006
Description
The scheme was constructed around 2006 and was conceived to provide small start-up units for the Basingstoke industrial market with the added benefit of B2 planning consent, which permits motor trade related uses.
The development was designed to form two terraces with parking and loading. The premises were built to a high specification with extremely good eaves height of 7.1 m (max). Each of the units benefit from 2 allocated car parking spaces (6 in total).
Location
Basingstoke is a major centre for commerce and industry with a borough population of approximately 180,000. The Town is 45 miles to the southwest of London adjacent to junctions 6 & 7 of the M3 motorway. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes.
Templar Court is positioned at the end of Knights Park Road off the Houndmills Roundabout. The Houndmills Estate itself lies immediately to the north west of the town centre and railway station, and offers easy links to Ringway North and Ringway West. Bus routes also serve the estate and it is within walking distance from the town centre. Junction 6 of the M3 motorway is within easy direct access.
Viewings
For further information strictly through appointment through the sole agents.
Terms
Units 9 and 10 are let on individual leases as follows:
Unit 9 is let to Brett Ruth Auto Ltd for a new term of 6 years from 1st June 2021 expiring on 31st May 2027 at a current rent of £12,000 pax. The lease was subject to a tenant only break clause on 31st May 2024 (not exercised). The lease also makes provision for an upward only rent review on 1st June 2024, which is unacted. The lease was contracted outside the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 part II as amended.
Unit 10 is let to Brett Ruth Auto Ltd for a term commencing on 14th March 2019, expiring 13th March 2025 at a current rent of £11,500 pax. The lease was contracted outside of the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 part II as amended. The Tenant paid a 3 months rent deposit when taking on the lease (reflecting £2,200) plus equivalent to VAT (2,640).
Unit 11 - is let to k-Tech Automotive Ltd for a term of 6 years from 1st April 2023, expiring 31st March 2029 at a current rent of £14,400 pax. The lease is drawn on a fully repairing and insuring basis and is contracted outside of the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 part II as amended. The lease is subject to a tenant only break clause on 31st March 2026, subject to not less than 6 months prior written notice. The lease is also subject to an upward only rent review on 1st April 2026.
Investment Summary
• All 3 units available as 'individual' lots.
• Brett Ruth Auto Ltd are held under 2 separate leases and have invested significant capex by installing an mot bay into Unit 10
• Extremely rare Basingstoke multi-let freehold industrial investment
• Ideal sipp / private investor purchase
• Small unit scheme (sub 1,000 sq ft) totalling 5,128 sq ft
• Built to a high specification around 2006 with generous eaves height of 7.1 m
• Asset management reversion potential
• Basingstoke is 45 miles to the south west of London served by Junctions 6 and 7 of the M3 motorway, which are both within easy access
• Within walking distance from the town centre
• 45 minute rail service to London Waterloo from Basingstoke station
• Brett Ruth Auto have been in occupation since (2013)
• Comprises a wider estate of 14 units with B2 planning
• Additional management admin profit income
Description
The scheme was constructed around 2006 and was conceived to provide small start-up units for the Basingstoke industrial market with the added benefit of B2 planning consent, which permits motor trade related uses.
The development was designed to form two terraces with parking and loading. The premises were built to a high specification with extremely good eaves height of 7.1 m (max). Each of the units benefit from 2 allocated car parking spaces (6 in total).
Location
Basingstoke is a major centre for commerce and industry with a borough population of approximately 180,000. The Town is 45 miles to the southwest of London adjacent to junctions 6 & 7 of the M3 motorway. There is also a frequent rail service to London Waterloo, timetabled at 45 minutes.
Templar Court is positioned at the end of Knights Park Road off the Houndmills Roundabout. The Houndmills Estate itself lies immediately to the north west of the town centre and railway station, and offers easy links to Ringway North and Ringway West. Bus routes also serve the estate and it is within walking distance from the town centre. Junction 6 of the M3 motorway is within easy direct access.
Viewings
For further information strictly through appointment through the sole agents.
Terms
Units 9 and 10 are let on individual leases as follows:
Unit 9 is let to Brett Ruth Auto Ltd for a new term of 6 years from 1st June 2021 expiring on 31st May 2027 at a current rent of £12,000 pax. The lease was subject to a tenant only break clause on 31st May 2024 (not exercised). The lease also makes provision for an upward only rent review on 1st June 2024, which is unacted. The lease was contracted outside the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 part II as amended.
Unit 10 is let to Brett Ruth Auto Ltd for a term commencing on 14th March 2019, expiring 13th March 2025 at a current rent of £11,500 pax. The lease was contracted outside of the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 part II as amended. The Tenant paid a 3 months rent deposit when taking on the lease (reflecting £2,200) plus equivalent to VAT (2,640).
Unit 11 - is let to k-Tech Automotive Ltd for a term of 6 years from 1st April 2023, expiring 31st March 2029 at a current rent of £14,400 pax. The lease is drawn on a fully repairing and insuring basis and is contracted outside of the Security of Tenure and Compensation Provisions of the Landlord & Tenant Act 1954 part II as amended. The lease is subject to a tenant only break clause on 31st March 2026, subject to not less than 6 months prior written notice. The lease is also subject to an upward only rent review on 1st April 2026.
Investment Summary
• All 3 units available as 'individual' lots.
• Brett Ruth Auto Ltd are held under 2 separate leases and have invested significant capex by installing an mot bay into Unit 10
• Extremely rare Basingstoke multi-let freehold industrial investment
• Ideal sipp / private investor purchase
• Small unit scheme (sub 1,000 sq ft) totalling 5,128 sq ft
• Built to a high specification around 2006 with generous eaves height of 7.1 m
• Asset management reversion potential
• Basingstoke is 45 miles to the south west of London served by Junctions 6 and 7 of the M3 motorway, which are both within easy access
• Within walking distance from the town centre
• 45 minute rail service to London Waterloo from Basingstoke station
• Brett Ruth Auto have been in occupation since (2013)
• Comprises a wider estate of 14 units with B2 planning
• Additional management admin profit income
More information
Listed by
Baker Davidson Thomas
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