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AGENT'S DETAILS


FOR SALE - Headquarters Office Building in Prominent Location on Central South Coast - Bespoke Headquarters Building Opportunity

For sale: £2,750,000.00|24139 Sq Ft|Office, Business park, Offices

PROPERTY DETAILS

FOR SALE£2,750,000.00
SIZE24139 Sq Ft
ADDRESSHarbour Court, Compass Road, Cosham, Portsmouth, PO6 4ST
TYPEOffice, Business park, Offices
TENUREFor Sale Freehold
POSTED ON23rd October 2020

DESCRIPTION

Harbour Court is a detached Headquarters style office building set within landscaped grounds. Providing accommodation over three floors.

This bespoke headquarters building opportunity offers:

-Excellent communication links
-Close to local amenities and hotels
-Landscaped grounds
-Short term income
-Net Initial Yield 12.30%
-Capital Value just £114psf

Tenancy:

The property benefits from an existing tenancy agreement to Blake Morgan LLP on a FRI lease basis, expiring 24 March 2021 at a passing rent of £360,000 per annum (£14.91 psf).

Specification:

-Open plan floor plates
-Full accessed raised floors
-Suspended ceilings
-Air conditioning
-WC’s on each floor
-Ground floor reception area
-142 car parking spaces

Accommodation:

The property has been measured in accordance with RICS Code of Measuring Practice 6th Edition and the property has the following net internal floor areas:

Ground Floor:
Office: 1,056.4 sq m (11,370 sq ft)
Reception: 76.0 sq m (818 sq ft)
Storage: 12.8 sq m (139 sq ft)
Total: 1,145.2 sq m (12,327 sq ft)

First Floor:
Office: 1,058.2 sq m (11,389 sq ft)
Storage: 1.6 sq m (18 sq ft)
Total: 1,059.8 sq m (11,407 sq ft)

Second Floor:
Office: 37.6 sq m (405 sq ft)

Overall Total: 2,242.6 sq m (24,139 sq ft)

Tenure:

Available on a freehold basis subject to the existing tenancy agreement. Consideration may be given to a leasehold agreement at the expiry of the current tenancy.

Price:

A guide of £2,750,000 (Two Million Seven Hundred and Fifty Thousand Pounds), equating to £114 per sq ft.

Business Rates:

From our enquiries via www.voa.gov.uk we understand the combined rateable value of the property to be £320,000. However, interested parties are advised to confirm the accuracy of this information.

Legal Costs:

Each party to be responsible for their own legal costs incurred in the transaction.

Energy Performance Certificate:

D-87. (Prior to refurbishment). An Energy Performance Certificate (EPC) is available on request.

Location:

North Harbour Business Park is an established commercial location just 4 miles north west of Portsmouth city centre and located 1 mile from the M27 (Junction 12) connecting the area with key surrounding commercial cities as well as the national motorway network. North Harbour benefits from easy access to two railway stations; Portchester (1 mile west) and Cosham (2 miles east). Both stations provide regular services to London Waterloo as well as surrounding towns. Portsmouth & Southsea railway station is just 5 miles south east providing additional, frequent rail services.

Southampton International Airport is located 18 miles west of North Harbour accessed directly via the M27 (Junction 5). It is the main business airport for the South Coast.

LOCATION

Location: Harbour Court, Compass Road, Cosham, Portsmouth, PO6 4ST

Cosham (1.1 miles)

Portchester (1.4 miles)

Hilsea (1.9 miles)

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