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AGENT'S DETAILS


Unit 5, Rotherbrook Court

For sale: £540,000.00|2933 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£540,000.00
SIZE2933 Sq Ft
ADDRESSUnit 5, Rotherbrook Court, Bedford Road, Petersfield, GU32 3QG
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON15th September 2020

DESCRIPTION

Key Points

  • Fitted Kitchen & Partitioned Offices
  • 11 Allocated Parking Spaces
  • Suspended Ceilings
  • CCTV
  • Double Glazing
  • Cat 5e Cabling
  • Producing £40,000 pax
  • Net Yield of 7%
  • Summary

    Modern Office Investment

    Description

    This is a self-contained two-storey mid-terraced unit with a mix of open plan & cellular offices, built to a high specification.

    Viewings

    Strictly by prior appointment

    Location

    Petersfield is an attractive market town strategically located on the A3 London to Portsmouth trunk road, approximately 18 miles to the north of Portsmouth and 25 miles to the south of Guildford. Petersfield benefits from a fast and frequent train service to London Waterloo (1 hour) and to Portsmouth (35 mins). Rotherbrook Court is situated on the well established Bedford Road Business Park. It is within a short distance of Petersfield town centre with its range of shops, restaurants and other amenities.

    Terms

    The whole is let by way of two effective full repairing leases producing a total income £40,000 pax The Ground floor is let to Breheny Civil Engineering Limited for a term ending on the 31st July 2022 at £20,000 pax. The First floor is let to Tradmet Limited for a term ending on the 31st July 2027 at £20,000 pax with a rent review on the 24th August 2022. There is a tenant only break on the 24th August 2022. Price £540,000

    Specifications

    * Fully accessible carpeted raised floor with floor boxes * Kitchens on both floors * Suspended ceilings with Cat II lighting * Disabled WC & separate male & female WC's * Aluminium framed anti-sun double glazed windows * Carpeted & raised floors with Cat 5e cabling * Fire & Intruder Alarms * Central Heating * CCTV * Door entry system * 11 allocated car parking spaces

    Other Costs

    Each Party to be responsible for their own legal costs incurred in the transaction. Unless stated otherwise, all prices are quoted exclusive of VAT.

    LOCATION

    Location: Unit 5, Rotherbrook Court, Bedford Road, Petersfield, GU32 3QG

    Petersfield (0.6 miles)

    Liss (3.9 miles)

    Rowlands Castle (7.5 miles)

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