Osier Way Park Street Industrial Estate, Aylesbury, Buckinghamshire, HP20 1EB

Lot Image

Auction sale - Monday 19th February 2018

Result:

Sold for £505,000

Upon the instructions of


  • Freehold
  • Development potential (subject to planning)
  • Producing £15,000 per annum
  • Site area 50,235 sq ft (4,667 sq m)
  • Town centre location

Addendum

Osier Way, Park Street Industrial Estate, Aylesbury
The strip of land adjacent and running parallel to the north of the canal as well as the triangular plot to the west of the site (comprised within title number BM245 960) has been removed from the auction. The rectangular site let to Cemex UK Operations Ltd (partly comprised within title number BM245 960 and the remainder comprised within BM379718) is unaffected and will be offered for sale. The site area is 34,348 sq ft (3,191 sq m) and not as stated.

Details

Location

Summary: The site is situated in a mainly commercial area fronting on to the Grand Union Canal and Park Street.
Miles: Central London 44 miles, Luton 23 miles, Oxford 22 miles.
Roads: M40 (junction 7 & 8a), A41, A418, A4157
Rail: Aylesbury Railway Station
Air: Luton International Airport
Nearby Occupiers: Tesco Superstore

Description

The property comprises a large site that is accessed via Park Street and fronts onto a section of the Grand Union Canal. The majority of the site can be reached via Osier Way and is currently used as concrete batching plant. The site is 50,235 sq ft (4,667 sq m), and has potential for residential and commercial development, subject to obtaining the necessary planning consents.

Tenure

Freehold

Planning

No easements or overages apply to this site. Aylesbury Vale District Council (01296 585858) www.aylesburyvaledc.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 4,667 50,235 £15,000
Osier Way Site Cemex UK Operations Ltd (1) (2) Ground Light Industrial 4,667 50,235 21 years and 10 months from 11/11/2013 £15,000 29/09/2015 (5 yearly)
1) The lease can be determined by the landlord or the lessee by giving not less than 6 months written notice. The lease is inside the Act.
(2) The 2015 rent review remains outstanding. Next review 2020.
(3) The site is also subject to a licence to erect a notice board between the British Waterways Board (now Canal & River Trust) and Rightbar Limited dated 12th December 1996. Further variations dated 30th April 1997. (Original agreement was with Franthorne Investments Limited dated 2nd August 1976).

Contact

Seller's solicitor

Ward Hadaway

Laura Potts

0113 205 6674

laura.potts@wardhadaway.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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