Former Maltbys Engineering Site, Newman Lane

Key Features

• Suitable for owner occupier/developer or investor.
• Freehold site of circa 3 acre site.
• Existing manufacturing/storage buildings of 52,400sq ft.
• Let on a short term lease to Elstead Group Ltd at £300,000 p.a.x. Lease term 4 years from Dec 2021 expiring on 8/12/2025.
• Lease outside of the Landlord and Tenant Act 1954 relating to tenants security of tenure.
• Landlords break at 6 months notice at anytime. Tenants break notice is 9 months prior to 8/12/2024.
• 8m min eaves to main building, 3.6m min eaves to rear detached unit.
• 800 amp power supply - estimated 550kva (TBC).
• Buildings require substantial refurbishment or demolition for a new development.
• Gas radiant heating and high bay lighting to main production area.

Description

The properties comprise two production buildings previously occupied by Maltby Engineering Ltd and more recently let to the neighbouring occupier Elstead Group Ltd. The main building of 46,400 sq ft is located in the centre of the site and to the rear there is a detached production unit of circa 6,000 sq ft. Concrete surfaced yards surround the units.

The main production building, which is in the centre of the site, is constructed in 5 bays with 4 loading doors to the front yard ( depth 26m approx.) A small first floor office suite is located to the front of the building. There is also a mezzanine storage floor adjoining the offices. The main building has a min eaves to haunch of 8m, and there is a 10 tonnes gantry crane system running along the bays. There are 5 loading doors to the rear yard .

To the rear of the site there is a detached production unit with a min eaves of 3.6m. Concrete surfaced yards surround the units.

Available area

Location

Alton is an affluent Hampshire market town. The town lies approximately, 26 miles south of Reading and 50 miles south west of Central London. Located in centre of the established Mill Lane Industrial Estate which is the main employment area for Alton. Alton Retail Park is close to the site with Wickes, Pets at Home and Aldi stores. Also adjoining a new Lidl, Home Bargains and Costa Coffee has just been developed

- A331 0.5 mile
- Alton railway station 0.8 miles
- Alton town centre 1 miles
- Basingstoke 14 miles
- Guildford 18 miles
- M25 J10 25 miles
- Southampton Docks 35 miles

Specifications

8m min eaves to main building.
3.6m min eaves to rear detached unit.
800 amp power supply - estimated 550kva (TBC).
Gas radiant heating and high bay lighting to main production area.




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Planning

The site is located in a key employment area. The property was used by Maltby Engineering for industrial and production uses. More recently the property has been occupied by Elstead Group Ltd for warehouse use for the storage of lighting products.

There is an Article 4 Direction for the Mill Lane estate, and this site, which removes permitted development rights from employment to residential.