Freehold Industrial Property
The property is an industrial building of steel frame construction with blockwork elevations that have been overclad, under an asbestos sheet roof, providing two individual warehouse units with ancillary office accommodation to the front of the property. Unit 1 comprises a main warehouse area, ground and first floor offices, wc's, kitchen point and store. The property benefits from two loading doors accessible by a shared side access road. Externally the unit benefits from four parking spaces to the front of the building plus and additional four parking spaces to the side of the property. Unit 2 comprises a main warehouse area , ground and first floor offices, wc and store. Externally it benefits from three allocated parking spaces and a forecourt/loading bay.
The subject premises is located on the northern side of Southampton road close to the Hendy Ford Showroom situated to the east. Southampton road has convenient links on to the M27 motorway junction. The M27 also links to the A3 (via A27) to the east and M3 to the west.
The freehold interest is available for sale - guide price £625,000 Unit 1: The freeholders currently occupy unit 1. They will seek either a sale and lease back of the property and would be willing to enter into a new five year lease of Unit 1 at a rent £21,000 per annum., alternatively they would be willing to sell with vacant possession of unit 1 Unit 2: Terms have already been agreed for a new lease of unit 2 to the existing subtenant at a rent of £21,000 per annum. Therefore this could realise a total rental income of £42,000 per annum.
Forecourt loading bays Allocated parking 3 phase electrics
Business Rates: Unit 1: £21,500 Unit 2: £21,500
Each party to be responsible for their own legal costs incurred in the transaction. We understand the property is not elected for VAT, and VAT is not charged on rent
Portchester (1.1 miles)
Cosham (1.4 miles)
Hilsea (2.3 miles)