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Pinks Industrial Estate

For sale: POA|5.47 Acre|General Industrial, Other, Industrial, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE5.47 Acre
ADDRESSPinks Industrial Estate, Wickham Road, Fareham, PO17 5BT
TYPEGeneral Industrial, Other, Industrial, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON3rd September 2020

DESCRIPTION

Key Points

  • Allocated for Residential Development as part of the Welborne Major Development Area
  • Multi let industrial, warehouse and open storage estate producing £160,000 pa
  • Potential for rental growth
  • Summary

    For Sale: Industrial Investment with Residential Development Potential

    Location

    Pinks Industrial Park is located between Wickham and junction 10 of the M27. It lies just over a mile to the south of Wickham and just over a mile to the north of M27. The site’s principal access leads on to the A32 / Wickham Road, but it also has rear access onto Forest Lane.

    Planning

    The site falls within the aegis of Fareham Borough Council and forms part of the allocated Welborne MDA that recently the Planning Committee has resolved to Grant Permission (Ref P/17/0266/OA). The Welborne application is for a New Community of up to 6,000 dwellings together with a District and Village Centres, commercial and employment space, community uses, secondary school, 3 primary schools, green infrastructure including formal and informal open and amenity space. The site was subject to a planning appeal for 72 dwellings (Ref: APP/A1720/W/17/3192431) which was dismissed in September 2018.

    Tenancies

    The property is subject to a number of short-term tenancies, producing £160,000 per annum which will increase on letting vacant areas. A schedule of which is included in the Data room.

    Data Room

    A Technical Information Pack is available and contains information relating to the site. This includes copies of reports prepared for the previous planning application and contamination reports.

    EPC

    EPCs are awaited.

    LOCATION

    Location: Pinks Industrial Estate, Wickham Road, Fareham, PO17 5BT

    Fareham (2.2 miles)

    Portchester (3.4 miles)

    Swanwick (3.8 miles)

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