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Unit R Fort Wallington Industrial Estate

For sale: POA|5700 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE5700 Sq Ft
ADDRESSUnit R Fort Wallington Industrial Estate, Military Road, Fareham, PO16 8TT
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON29th November 2019

DESCRIPTION

Key Points

  • Rare Investment Freehold Opportunity
  • Large Yard and Parking Area
  • Recently Refurbished Building
  • Single Tenant Occupying The Whole
  • Close to Junction 11 of M27
  • Secluded Location
  • Summary

    Unique Investment Opportunity

    Description

    The property is a two storey, flat roof structure, sub-divided to provide office and workshop space with a yard and ample parking on site. The building is currently tenanted by Fairways Care UK Ltd.

    Location

    Unit R is on the southern perimeter of Fort Wallington Industrial Estate which is situated very close to junction 11 of the M27 via Pinks Hill Road. The M27 links to Southampton some 20 miles to the west and Chichester and the A3 towards London to the east.

    Terms

    £680,000 + VAT for the Freehold interest, this is subject to a lease to Fairways Care UK Ltd (Registration Company No. 04460658), based on an initial 10 year lease from 11th September 2014 due to expire on 10th September 2024. Current passing rent of £47,400 per annum. There is an outstanding rent review on 11th September 2019. Further lease information available upon request.

    Specifications

    Suspended Ceiling Cat II Lighting Electric Heating Perimeter Trunking uPVC Double Glazing Ample Parking

    Business Rates

    Rateable Value : To be re-assessed Source: voa.gov.uk You are advised to confirm the business rates with the local Council before making any commitment.

    Other Costs

    Legal Costs - Each party to bear their own legal costs incurred in the transaction.

    LOCATION

    Location: Unit R Fort Wallington Industrial Estate, Military Road, Fareham, PO16 8TT

    Fareham (1.3 miles)

    Portchester (1.9 miles)

    Cosham (4.4 miles)

    AGENT'S DETAILS

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