Lot 72 Freehold Site And Parking InvestmentAuction Date:
26th July 2023
Ridgeway Office Park, Bedford Road, Petersfield, Hampshire, GU32 3QF
Currently let at £24,000 per annum
The Ridgeway Office Park was completed in 2006 and comprises three blocks of office buildings which have been sold off on a freehold basis. The three office blocks are shown in red on the identification plan attached in the catalogue particulars.
The Lot comprises the freehold interest in the whole estate, subject to the occupational owners of the buildings to include the landscaped area, private road feeding the development and car parks, which include forty car parking spaces.
The parking spaces, which have been fully let since their construction in 2012, are currently let under the terms of five year commercial leases from 29th September 2022 at a combined rental of £24,000 per annum.
The freehold interest includes the estate management of the whole site which is 100% recoverable from the owner occupiers including all costs relating to the private road as well as contributions from neighbouring developments. In addition to the estate management opportunity, there is potential for future redevelopment, subject to all necessary consents being obtainable.
Local Planning Authority
East Hampshire District Council. Tel: 01730 266551. Website: easthants.gov.uk.
Viewing
Interested applicants may view on site at any reasonable time.
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Holloway Iliffe & Mitchell
02392 377800
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
