LAND AND BUILDINGS AT HARWICK, HARDWICK, STANDLAKE, WITNEY, OXFORDSHIRE OX29 7QF
Contact Clive Thompson • Income producing. Brown & Co Banbury 01295 273555 • Potential redevelopment opportunity subject to planning. [email protected] • EPC Rating: Not applicable • Lake and roadside frontage
FOR SALE £1,500,000 | 8.83 Acres (3.58 Hectares) Property and Business Consultants brown-co.com
LOCATION LEGAL COSTS The property lies immediately to the south of the B4449, between the Each party will be responsible for their own legal costs incurred in villages of Hardwick to the west, and Stanton Harcourt to the east. Witney is documenting the letting. the nearest major conurbation which is approximately 4.5 miles to the north. Witney and the surrounding area is undergoing major expansion both LEASE DETAILS residentially and commercially. The junction of the B4449 and the A415 lies Tenant: Cemex UK Operations – 15 year lease dated 12 th December 2013. within 1 mile to the west of the property and provides direct access to the Expires 11th December 2028 with a passing rent of £20,000. Rent review due A40 trunk road and the main junction for Witney. Oxford lies approximately 12 th December 2023, with mutual option to break the lease 12 th December 12 miles to the east via the A40 with links to the M40 motorway at junction 2023 9.
Tenant: Fergal Contracting Co Ltd – 10 year lease, expiring on 3 rd April 2023. DESCRIPTION Passing rent £5,500 per annum last reviewed April 2018. The subject land has been used mostly in association with the quarrying of gravel and has 2 existing occupiers. One to the rear being Fergal Contracting ANTI MONEY LAUNDERING LEGISLATION Co Ltd which have used the site for crushing of demolition rubble to provide In accordance with the most recent Anti Money Laundering Legislation, aggregate for the construction industry and there are also associated buyers will be required to provide proof of identity and address to the selling material storage areas. The front portion of the site is occupied by CEMEX agent once an offer has been submitted and accepted (subject to contract) UK Operations Ltd and includes a small industrial unit with fencing around prior to solicitors being instructed. this part of the property. There are a number of containers on the site which are used by the occupier for general storage purposes. The remainder of the VIEWING & FURTHER INFORMATION site (approxiamately 35%) is unused as is an area of made up ground with lake frontage. Strictly by appointment with sole selling agent:
ACCOMMODATION Clive Thompson 01295 273555 The property comprises the following approximate site/ floor areas:- [email protected] Sq ft Sq m Sq ftSq ft Sq mSq m Cemex Warehouse 2,234 207.54
Site Area AcresAcresAcres Sq mSq m Front site – Cemex (Blue) 1.54 6,251 Access area (Pink) 0.08 344 Unused front site (Green) 0.85 3,441 Rear site – Fergal (Red) 4.06 16,422 Undeveloped site (Yellow) 2.30 9,321
Total: 8.83 acres (3.577 hectares)
SERVICES We are informed that part of the site has mains water and electricity. Potential purchasers should make their own enquiries as to these provisions.
BUSINESS RATES The current rateable value * Concrete batching plant and premises - £30,250 * Secondary aggregate processing plant and premises: £15,250 2019/20 multiplier 0.504 Any purchaser should verify these figures with the local authority.
TERMS The freehold interest is offered subject to the existing leases to CEMEX UK Operations and Fergal Contracting Co Ltd at a price of £1,500,000. We are checking the VAT position on the sale of the property with the current owners but we believe VAT is not chargeable in respect of this transaction.
IMPORTANT NOTICES
Brown & Co for themselves and for the Vendors or Lessors of this Property give notice that: 1. These particulars are intended to give a fair and accurate general outline only for the guidance of intending Purchasers or Lessees and they do not constitute an offer or contract or any part of an offer or contract. 2. All descriptions, dimensions, references to condition and other items in these Particulars are given as a guide only and no responsibility is assumed by Brown & Co for the accuracy of individual items. Intending Purchasers or Lessees should not rely on them as statements or representations of fact and should satisfy themselves as to the correctness of each item by inspection or by making independent enquiries. In particular, dimensions of land, rooms or buildings should be checked. Metric/imperial conversions are approximate only. 3. Intending Purchasers or Lessees should make their own independent enquiries regarding use or past use of the property, necessary permissions for use and occupation, potential uses and any others matters affecting the property prior to purchase. 4. Brown & Co, and any person in its employ, does not have the authority, whether in these Particulars, during negotiations or otherwise, to make or give any representation or warranty in relation to this property. No responsibility is taken by Brown & Co for any error, omission of mis-statement in these particulars. 5. No responsibility can be accepted for any costs or expenses incurred by intending Purchasers or Lessees in inspecting the property, making further enquiries or submitting offers for the Property. 6. All prices are quoted subject to contract and exclusive of VAT, except where otherwise stated. 7. In the case of agricultural property, intending purchasers should make their own independent enquiries with the RPA as to Single Payment Scheme eligibility of any land being sold or leased. 8. Brown & Co is the trading name of Brown & Co – Property and Business Consultants LLP. Registered Office: Granta Hall, Finkin Street, Grantham, Lincolnshire NG31 6QZ. Registered in England and Wales. Registration Number OC302092. These particulars were prepared on 17-Sep-19.
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