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Lot 49

6 Week completion

SITUATION

The property is located on a tree-lined business park in Bramley, approximately 13 miles from Reading and 6 miles from Basingstoke. Bramley Mainline Station offers direct service to Reading in 17 minutes and to Basingstoke in 9 minutes. Frequent trains from Reading to Paddington Station in London take under 30 minutes. Bramley will also benefit from the opening of the Elizabeth Line Crossrail hub in Reading in 2018. The office park also benefits from excellent road connections to the M3 (Junctions 6 and 7) and the M4 (Junction 11) via the A33.

PROPERTY

Comprising a mid terrace Office Building arranged over ground and first floors with Parking for 10 Cars.

ACCOMMODATION

Ground Floor Offices
Area Approx 1,100 sq ft
Plus Kitchen & WCs
First Floor Offices
Area Approx 1,175 sq ft
Plus Kitchen

Total Area Approx 2,275 sq ft

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease (subject to a photographic schedule of condition and excluded from sections 24-28 of the L&T Act 1954) to Rubicon Workflow Solutions Ltd as IT support providers (Visit: www.rubicon-solutions.co.uk) for a term of 10 years from 11th November 2015 at a current rent of £23,000 per annum exclusive.

Rent Review and Tenant's Break November 2020

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

10 Campbell Court, Campbell Road, Bramley, Tadley, Hampshire RG26 5EG