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AGENT'S DETAILS


Unit 1 2 and 6 City Grove Trading Estate, Woodside Road, Eastleigh, SO50 4ET

For sale: £350,000.00|2750 - 9289 Sq Ft|General Industrial, Industrial

PROPERTY DETAILS

FOR SALE£350,000.00
SIZE2750 - 9289 Sq Ft
ADDRESSUnit 1 2 and 6 City Grove Trading Estate, Woodside Road, Eastleigh, SO50 4ET
TYPEGeneral Industrial, Industrial
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON7th September 2020

DESCRIPTION

Description

Eastleigh is situated at the junction of the M27 and M3 approximately 5 miles north of Southampton. Junction 13 of the M3 is within 1 miles of the subject property. Eastleigh town centre and railway stations is located 1.25 miles to the east, Southampton Airport and Southampton Parkway mainline railway station is 2.5 miles to the South. Situated below the embanked M3 at the end of Woodside
Road, an industrial cul-de-sac, the property comprises a pair of purposed built industrial units built circa 1980 and constructed on a 6m eave steel portal frame, clad full height in profile sheet.
The development comprises two blocks totalling units set around a concrete surfaced loading and parking area. Both units benefit from single roller shutter loading door and integral two storey office
accommodation with aluminium framed double glazed windows.

Accommodation

Unit 1 Ground Floor Warehouse / Office - 2,468 sq.ft (229.29 sq.m)
First Floor Office - 282 sq.ft (26.29 sq.m)
Total - 2,750 sq.ft (256.28 sq.m)
Unit 2 Ground Floor Warehouse / Office - 2,468 sq.ft (229.29 sq.m)
First Floor Office - 282 sq.ft (26.29 sq.m)
Total 2,750 sq.ft (256.28 sq.m)
Unit 6 Ground Floor - 2,503 sq.ft (232.57 sq.m)
First Floor Office - 1,286 sq.ft (119.56 sq.m)
Total - 3,789 sq.ft (352.10 sq.m)

Planning

All interested parties are advised to make their own enquiries with Eastleigh Borough Council.

EPC Text

Asset rating Unit 1 E102
Unit 2 E106
Unit 6 D76

Rating

Rateable Value Unit 1 - £20,250
Unit 2 - £20,750
Unit 6 - £20,250
The 2020/2021 standard multiplier is 0.499(49.9p payable per £1). This determines
what business rates are payable. All parties are advised to make their own enquiries
for confirmation.

Terms

The properties are available freehold either individually or together with a guide price of:

Unit 1 is available freehold at £350,000. A purchase at this level reflects a gross yield of 5.86% and a net initial yield of 5.66% assuming purchasers costs of 3.5%.

Unit 2 is available freehold at £360,000. A purchase at this level reflects a gross yield of 6.25% and a net initial yield of 6.03% assuming purchasers costs of 3.58%.

Unit 6 is available freehold at £440,000 subject to vacant possession.

All three units can be acquired for a guide price of £1,150,000.
( Agency Pilot Software Ref: 7010 )

LOCATION

Location: Unit 1 2 and 6 City Grove Trading Estate, Woodside Road, Eastleigh, SO50 4ET

Eastleigh (0.6 miles)

Chandlers Ford (0.9 miles)

Southampton Airpt Parkway (1.7 miles)

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