Unit 9, Hardley Industrial Estate

share

bookmark

Key Points

Summary

FOR SALE: Part Income Providing Long Leasehold Industrial Unit/Warehouse - 11,285 sqft (1,048,39 sqm) on a site of approximately 0.37 acres

Description

Unit 9 Hardley Industrial Estate comprises a three bay detached industrial unit with ground and first floor offices under a flat roof. The premises are constructed with inner blockwork, profile clad and brick exterior under a corrugated asbestos sheet roof. Access to each bay is via a sliding door. At the end of the bays are two storey offices/ancillary accommodation with ground floor reception and WCs to the first floor. A concrete park to the front of the premises is accessed directly off Lime Kiln Lane. Long Leasehold For Sale: Long Leasehold for 125 years – Commencing 4 February 1974 (approx. 78 years remaining). Subject to 14 yearly rent reviews. Current ground rent is £14,000 per annum. The next rent review is due in 2030. Long Leasehold Price: The guide price is £500,000 exclusive of VAT and all other costs. Lease Information: Abco Workshop - The accommodation known as Abco Workshop and Two Storey Offices & Ancillary is vacant. This space is available to let on a new lease at £50,000 pax . Allair Workshop & Gary Hunter Workshop – Assumed Business Tenancies - There is an Assumed Business Tenancy on both of these units. The rent paid by Allair Workshop is £1,422.50 per month (£17,070 per annum). The rent paid by Gary Hunter Workshop is £750 per month (£9,000 per annum). The rent is exclusive of rates and services. We understand the tenants are not currently charged for building insurance, which is £3,300 payable for the whole building.

Location

Unit 9 is located on Lime Kiln Lane, part of the Hardley Industrial Estate. Lime Kiln Lane links with the A326 Long Lane going south towards Fawley and Calshot, or north onto the Hythe and Marchwood Bypass. The A326 provides a mix of single and dual carriageway access to Junction 2 of the M27.