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Commercial properties for sale in Eastleigh, Hampshire

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Under OfferFor rent: £37,000.00 Per AnnumFor sale: £450,000.00
Brookwood Industrial Estate is an established estate made up of a total of 10 units across two terraces.

Junction 13 M3, which leads to M27, is located just over 0.5 miles to the west via Leigh Road. The M27 can also be accessed via Junction 5 approximately 2 miles to the south.
The unit comprises ground floor warehouse/workshop and office space with a mezzanine store.

Externally, the property benefits from an exclusive yard plus allocated parking (12 spaces).

( Agency Pilot Software Ref: 5437 )
Unit 5 Brookwood Industrial Estate, Brookwood Avenue, Eastleigh, SO50 9EY
Type: General Industrial, Industrial
Location: Unit 5 Brookwood Industrial Estate, Brookwood Avenue, Eastleigh, SO50 9EY
Size: 4040 Sq Ft
Images: 4
Brochures: 1
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Under OfferFor sale: POA
The main building is a two storey purpose-built Police Station of traditional load-bearing brick with a tiled pitched roof. To the rear of the site are a pair of semi-detached houses and to the western corner a detached house.

There are also various single storey buildings and portacabins to the rear of the site. There is car parking provision on site, which is accessed from Toynbee Road
and there is an additional access to the west of the site, not currently in use, off Romsey Close.

Internally the main building is configured to provide office space and cells for the former Police Station and will therefore require comprehensive refurbishment
to convert it to an alternative use.

The whole site extends to approximately 0.68ha (1.67acres).
( Agency Pilot Software Ref: 2036603 )
Eastleigh Police Station 30 Romsey Road, 16/20 Leigh Road, SO50 9DG
Type: Land, Mixed Use, Land, Commercial Land, Other Property Types & Opportunities
Location: Eastleigh Police Station 30 Romsey Road, 16/20 Leigh Road, Eastleigh, SO50 9DG
Size: 1.67 Acres
Images: 2
Brochures: 1
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For SalePOA
OR
For Rent£41,900.00 Per Annum
The unit currently comprises a mid terrace steel portal frame industrial/warehouse unit under a pitched asbestos cement sheet roof with 10% natural roof lights. The office accommodation is at ground and is fitted out with carpet flooring, strip lighting and gas central heating.
The unit is available by way of a new Full Repairing and Insuring lease. Lease length to be agreed by way of negotiation.

The unit is located on the Boyatt Wood Industrial Estate which is located off Goodwood Road.
Goodwood Road links to Woodside Avenue providing access to the A335 Leigh Road or A335 Allbrook Way. Allbrook Way links to the M3 at junction 12 and Leigh Road at junction 13.
( Agency Pilot Software Ref: 757801 )
Unit 3 Stanstead Road Trade Park, Goodwood Road, Eastleigh, SO50 4RZ
Type: Warehouse, General Industrial, Industrial
Location: Unit 3 Stanstead Road Trade Park, Goodwood Road, Eastleigh, SO50 4RZ
Size: 4925 Sq Ft
Images: 1
Brochures: 1
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For SalePOA
OR
For Rent£63,800.00 Per Annum
The unit currently comprises a mid-terrace steel portal frame industrial/warehouse unit under a pitched asbestos cement sheet roof with 10% natural roof lights. The office accommodation is at ground and is fitted out with carpet flooring, strip lighting and gas central heating.

Ground Floor - 607 m� (6,530 ft�) First Floor - 91 m� (976 ft�)

# ft Eaves Height (approx), # Loading Doors, 3 Phase Electricity

The unit is located on the Boyatt Wood Industrial Estate which is located off Goodwood Road.
Goodwood Road links to Woodside Avenue providing access to the A335 Leigh Road or A335 Allbrook Way. Allbrook Way links to the M3 at junction 12 and Leigh Road at junction 13.
( Agency Pilot Software Ref: 310711 )
Unit 6 Stanstead Road Trade Park, Goodwood Road, Eastleigh, SO50 4RZ
Type: Warehouse, General Industrial, Industrial
Location: Unit 6 Stanstead Road Trade Park, Goodwood Road, Eastleigh, SO50 4RZ
Size: 7506 Sq Ft
Images: 1
Brochures: 1
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For Sale£345,000.00
LOCATION & DESCRIPTION

Eastleigh is a former railway town about 5 miles to the north of Southampton, with excellent road, rail and air links to the rest of England & the continent. As a result it has built an enviable reputation as a distribution and manufacturing centre. The retail centre of Market Street and the more secondary High Street is supplemented by The Swan Shopping Centre with its Vue based leisure/restaurant extension.

The property itself comprises a two storey retail unit with a well established Charity trading from the ground floor. They have been in the premises since 2014 and utilise all of the rear storage area for the sorting, cleaning and storage of charity donations.

The first floor is a self-contained 1-2 bed flat, let on an Assured Shorthold Tenancy at a rent of £550 per month.

ACCOMMODATION

Ground floor retail unit -

Net Sales 607 sq ft Rear Ancillary 672 sq ft WC. Rear Access, one parking space Total Ground Floor Net Area 1279 sq ft

First floor flat comprising Living Room, Kitchen, Double Bedroom & Bathroom with additional second floor Living Room/Bedroom. This would benefit from some modernisation.

TENANTS
The ground floor is let to Life 2009, a registered charity https://lifecharity.org.uk/ established in 1970, and in 2016 they had a total income of £3.6m.

They have a 10 year lease from November 2014 with a 5 year upward only rent review and the tenant break at the end of the third year was not used. The current rent is £16000 pa exclusive, representing an ITZA rent of just under £31.00 psf. Recent lettings and lease renewals in Market Street have tended to be in the region of £40 psf ITZA so it is our contention that the rent is reversionary and could see an uplift on review.

However, even at £35 psf ITZA the ground floor rent equates to £17750 pa, plus the flat income of £6600 pa.

Total current income therefore is £22600 pa.

PRICE

The freehold is for sale freehold, subject to the subsisting lease, at a price of £335,000. There is no VAT applicable.

EPC: C – 73. Flat – E 51
RATES Ground floor RV £ 17750
FREEHOLD RETAIL INVESTMENT
Type: Retail, Leisure
Location: 3 Market Street, SO50 5RJ
Size: 1279 Sq Ft
Images: 1
Brochures: 1
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