£275,000
(£132.15/sq. ft)
Light industrial for saleHogwood Lane Industrial Estate, Finchampstead, Wokingham RG40
2,081 sq. ft
Sold STC
About this property
Fully Let Industrial/Business Unit
Producing £18,250 per annum
Let Until 23rd June 2026
EPC Rating ‘C’ 61
5.3m Eaves Height
First Floor Offices
4 Parking Spaces
Heating & Air Conditioning
Kitchenette And W.C.
Location
The Falcon Business Park is located on Ivanhoe Road on the Hogwood Lane Industrial Estate, Finchampstead, Wokingham. The estate is actually located approx. 4 miles south west of Wokingham, south east of Reading and approx. 8 miles north west of Camberley. Finchampstead is only approx. 6 miles from Junction 11 of the M4 motorway, approx. 5 miles from the A329M and approx. 5 miles from Junction 4a of the M3 motorway.
The Hogwood Lane Industrial Estate is a very established commercial location with over 70 industrial/warehousing units/occupiers. In addition, a range of new units are also being constructed on site.
Description
Unit B5 is one of a development of rarely available small industrial/business units on the Falcon Business Park with an eaves height of 5.3m, a full height loading door, a concrete floor throughout, 3 phase power, W.C.’s, a kitchenette/break out area and additional first floor office space. The current tenant has improved and decorated the unit to provide a good quality industrial/business use facility with a high office content. The unit has gas fired heating/some air conditioning and lighting throughout.
Tenant & lease/rent
The unit is let to Roscan Electronics Ltd on a 5 year lease from June 2021 which expires in June 2026. The lease incorporates a landlord and tenant break clause at the end of the 3rd year (June 2024) and an upward only rent review at the start of year 4. The rent payable is £18,250 per annum exclusive plus VAT. Further details about the lease can be obtained from the sole agents.
Roscan Electronics Ltd is an established and successful electronics manufacturing company established in 1997, further information is available from the sole agents. There is a rent deposit in place in the sum of a quarters rent (£4,562.50) plus VAT.
Areas
Ground Floor Industrial/Warehouse 1,156 sq ft 107.4 sq m
Original First Floor Office Area 572 sq ft 53.1 sq m
Additional First Floor Mezzanine Office Area 353 sq ft 32.8 sq m
Total Approximate Floor Area 2,081 sq ft 188.3 sq m
The above areas have been calculated on a gross internal basis from measurements taken on site.
For sale/price
The existing 999 year ground lease (virtual freehold) is to be sold with the existing lease in place, generating an income of £18,250 per annum exclusive. A price of £275,000 (plus VAT) is being quoted, which equates to a return of approx. 6.45% after deducting purchasers costs at 2.9%.
Business rates/outgoings
The tenant is responsible for the payment of Business Rates and all other outgoings. We understand the Rateable Value for the unit is £16,250.
Viewing arrangements
Arrangements to look at the property can be made by contacting the sole agents, DB Real Estate.
The Falcon Business Park is located on Ivanhoe Road on the Hogwood Lane Industrial Estate, Finchampstead, Wokingham. The estate is actually located approx. 4 miles south west of Wokingham, south east of Reading and approx. 8 miles north west of Camberley. Finchampstead is only approx. 6 miles from Junction 11 of the M4 motorway, approx. 5 miles from the A329M and approx. 5 miles from Junction 4a of the M3 motorway.
The Hogwood Lane Industrial Estate is a very established commercial location with over 70 industrial/warehousing units/occupiers. In addition, a range of new units are also being constructed on site.
Description
Unit B5 is one of a development of rarely available small industrial/business units on the Falcon Business Park with an eaves height of 5.3m, a full height loading door, a concrete floor throughout, 3 phase power, W.C.’s, a kitchenette/break out area and additional first floor office space. The current tenant has improved and decorated the unit to provide a good quality industrial/business use facility with a high office content. The unit has gas fired heating/some air conditioning and lighting throughout.
Tenant & lease/rent
The unit is let to Roscan Electronics Ltd on a 5 year lease from June 2021 which expires in June 2026. The lease incorporates a landlord and tenant break clause at the end of the 3rd year (June 2024) and an upward only rent review at the start of year 4. The rent payable is £18,250 per annum exclusive plus VAT. Further details about the lease can be obtained from the sole agents.
Roscan Electronics Ltd is an established and successful electronics manufacturing company established in 1997, further information is available from the sole agents. There is a rent deposit in place in the sum of a quarters rent (£4,562.50) plus VAT.
Areas
Ground Floor Industrial/Warehouse 1,156 sq ft 107.4 sq m
Original First Floor Office Area 572 sq ft 53.1 sq m
Additional First Floor Mezzanine Office Area 353 sq ft 32.8 sq m
Total Approximate Floor Area 2,081 sq ft 188.3 sq m
The above areas have been calculated on a gross internal basis from measurements taken on site.
For sale/price
The existing 999 year ground lease (virtual freehold) is to be sold with the existing lease in place, generating an income of £18,250 per annum exclusive. A price of £275,000 (plus VAT) is being quoted, which equates to a return of approx. 6.45% after deducting purchasers costs at 2.9%.
Business rates/outgoings
The tenant is responsible for the payment of Business Rates and all other outgoings. We understand the Rateable Value for the unit is £16,250.
Viewing arrangements
Arrangements to look at the property can be made by contacting the sole agents, DB Real Estate.
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