FREEHOLD INVESTMENT FOR SALE

11,250 sq ft – MODERN OFFICES

10 YEAR LEASE TO WHOLLY OWNED

SUBSIDIARY OF BAE SYSTEMS

Units 7 & 8 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT

• Fully Let to In-Space Missions Ltd (a wholly owned subsidiary of BAE Systems).
• 10 Year Lease from September 2021
• Rent £151,875 per annum exclusive (£13.50 sq ft)
• Edge of Town Business Park Location
• Close Proximity to Mainline Railway Station (London Waterloo 1 Hour)
• Easy Access to Main A31

Accommodation

(Measured in accordance with the RICS Code of Measuring Practice)

Unit 7 – 6,000 sq ft (557.4 sq m)

Unit 8 – 5,250 sq ft (487.7 sq m)

Total  – 11,250 sq ft (1,045 sq m)

Note: The Units are interconnected and occupied as one by the tenant under the terms of a single lease.

Rates

Interested parties are advised to contact the Rating Authority, East Hampshire District Council.

Lease

The accommodation is let to Messrs In-Space Missions Ltd on a 10 year lease from September 2021 at a rent of £151,875 per annum exclusive, subject to 5 yearly rent review.  There is a one-off tenant option to break at the end of the 5th year of the term.

Tenant

As announced on the 14th September 2021, In-Space Missions Ltd was acquired by BAE Systems and therefore trades as a wholly owned subsidiary.

Terms

FREEHOLD with price guide on application.

Note

We Act on behalf of the freeholder of the adjoining premises, Unit 9 Oriel Court which is let on a similar basis, also to In-Space Missions Ltd at £60,000 per annum exclusive.  This investment is also available for sale.

Viewing

Strictly by appointment with Glanfield Holmlund, Telephone 01420 544117, Email: glanfield.holmlund@talk21.com

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