GU34 Units 7 & 8 Riverside, Omega Park, Alton

Two modern industrial/warehouse units

Riverside comprises high quality industrial/warehouse units built in 2007 and constructed to modern standards within an attractive landscaped setting adjoining the Caker Stream Road.

Steel portal frame construction with insulated profiled metal cladding

10% roof lights providing excellent natural lighting

Up and over loading doors - 3m wide x 4m high

Generous eaves height - 6.9m to 8.5m

Mezzanine floors (installed by tenant) covering approximately 50% of ground floor area

6 allocated parking spaces plus loading area

Single lease to Alliance Automotive UK LV Ltd

Term: 10 years expiring 10th September 2028

Rent: £33,578 per annum exclusive

Terms: Full repairing and insuring lease

The property is registered for VAT

Alliance Automotive UK - Leading wholesaler of automotive parts and accessories with:

Substantial national presence - Over 800 distributor outlets across UK and Ireland and 20 regional distribution centres

Robust financials (YE December 2023):

Turnover: £505.2 million

Post-tax profit: £28.5 million

Net current assets: £61.1 million

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers where legislation requires us to do so.

Each party to be responsible for the payment of their own legal costs incurred in the sale.

Riverside forms the final phase of the Omega Park development and is well located for access to both the town centre and the A31.

Companies with headquarters buildings on Omega Park include Altair and Ceratech. Other nearby major occupiers include Coors, Laleham Healthcare and Tectonics.

The A31 provides fast access to the Blackwater Valley towns and M3 via the A331. To the south west theA31 also links with Winchester and Southampton via the M3.

Alton itself lies at the centre of East Hampshire with a catchment population of over 100,000. The townhas a well established commercial centre and substantial industrial base.

Prime location in the affluent Hampshire market town of Alton

Secure income stream let to Alliance Automotive UK Ltd - a substantial national operation with over 800 outlets

Attractive yield of 6.7% net initial

Lease security with approx 3 years remaining to expiry

Excellent connectivity via A31 to M3, London Waterloo rail link

Quality specification with mezzanine floors and trade counter facilities