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Southampton Road

For sale: £625,000.00|610 Sq M|General Industrial, Industrial

PROPERTY DETAILS

FOR SALE£625,000.00
SIZE610 Sq M
ADDRESSSouthampton Road, Portsmouth, PO6 4RJ
TYPEGeneral Industrial, Industrial
TENUREFor Sale Freehold
POSTED ON9th August 2019

DESCRIPTION

Key Points

  • Could suite trade counter (STP)
  • Close to Junction 12 of M27
  • Sale and Lease Back opportunity
  • New key point...
  • New key point...
  • Summary

    Freehold Industrial Property

    Description

    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.

    Viewings

    Location

    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.

    Terms

    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.

    Specifications

    Forecourt loading bays Allocated parking 3 phase electrics

    Notes

    Promo

    Public_website_link

    Business Rates

    Business Rates: Unit 1: £21,500 Unit 2: £21,500

    Other Costs

    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

    LOCATION

    Location: Southampton Road, Portsmouth, PO6 4RJ

    Portchester (1.1 miles)

    Cosham (1.4 miles)

    Hilsea (2.3 miles)

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