2 July 2025: Wednesday 02 July 2025 - 9:00am
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    Key features

    • Multi-Let Industrial Investment
    • Seven Units and Associated Yard Space
    • Attractive WAULT of 7.22 Years to Expiry
    • Value-Add Asset Management Potential
    • 17,884 sq ft (1,661.33 sq m)
    • Site Area - 0.99 acres (0.40 hectares)
    • Low Site Cover of 32%
    • Investment Let at £180,500 p.a. (8.59% GIY on Guide Price)

    Description

    The property comprises a multi-let industrial investment opportunity strategically located in an established industrial location in Alton.

    Arranged as seven industrial/workshop units, the property provides 17,884 sq ft (1,661.33 sq m) of accommodation and boasts an impressive site area of 0.99 acres (0.4 hectares) with a low site cover of 32%.

    The property is fully let to four tenants with an attractive Weighted Average Unexpired Lease Term (WAULT) of 7.22 years and is producing a total £180,500 per annum.

    The tenants include Brewers Limited who occupy on a lease expiring 2026, the property may therefore benefit from asset management potential via implementation of the outstanding rent review and upcoming renewal of this lease, with the current rent reflecting a low £12.43 per sq ft, with Units 2, 3, 6 & 7 let at £14.84 per sq ft.

    The property sits within an established industrial location within Alton with the surrounding area comprising other industrial uses including trade counter, open storage, distribution, workshops and retail warehousing. Nearby occupiers include Toolstation, Fedex and Howdens. The property is less than 0.3 miles from Alton train station and within 0.5 miles of the A31, a major arterial route linking the A3 and M3.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please see the below Tenancy Schedule and Legal Pack for more information.

    Rent

    £180,500 per annum

    Notes

    We understand the property is elected for VAT.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Accommodation / Tenancy Schedule

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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