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Unit 4 Terminus Industrial Estate, PO1

For sale: £325,000.00|1,247 - 1,963 Sq Ft|General Industrial, Other, Warehouse, Industrial, Other Property Types & Opportunities

Property details

FOR SALE£325,000.00
SIZE1,247 - 1,963 Sq Ft
ADDRESSUnit 4 Terminus Industrial Estate, Durham Street, Portsmouth, PO1 1NR
TYPEGeneral Industrial, Other, Warehouse, Industrial, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Leasehold
POSTED ON11th March 2024

Description

Key Points

  • Modern Industrial Unit
  • Secure Investment
  • Let for a 21 Year Term
  • Current Tenant been in Occupation over 20 years
  • Centrally Located within Portsmouth City Centre
  • Summary

    Investment Let to 19 Computer UK Ltd

    Description

    The subject property is a end of terrace, self contained modern industrial unit of portal framed construction under a corrugated asbestos sheet roof. The exterior of the building is brick & block construction up to first floor level and over clad thereafter.

    Internally the building benefits from a mezzanine floor covering approximately half the building which is fitted out as offices and the ground floor is a workshop with trade counter and reception areas.

    Location

    Situated in the heart of Portsmouth on Durham Street which is within a quarter of a mile of Portsmouth City Centre and within close proximity of the main Portsmouth & Southsea Railway Station, Civic Offices and other town centre uses.

    The M27 and A27 Southcoast trunk routes link upto the A3M and M3 is a short distance to the north.

    Durham Street is accessed off Station Street.

    Terms

    The building is held on the balance of a 999 year long leasehold arrangement from September 1998 at a rent of £1 per annum, if demanded, from a lease dated 6th October 1998. The property has a new lease granted to 19 Computing UK Ltd (Company Reg No. 05756440) for a term of 21 years on a full repairing lease with 3 yearly, upward only, open market rent reviews, tenant only break options at the 5th, 10th and 15th year of the term. The passing rent is £22,700 per annum. Quoting price is £325,000.00

    Specifications

    * LED Lighting
    * Roof Lights
    * Manual Roller Shutter Door (3.59m w x 4.14m h)
    * Minimum Eaves Height 4.76m
    * Power Floated Concrete Floor
    * Central Heating
    * Small Kitchenette
    * Forecourt Parking and Loading Area

    Promo

    Secure Long Term Investment

    Other Matters

    Legal Costs - Each party to be responsible for their own costs incurred in the transaction.
    VAT - unless stated otherwise all costs are exclusive of VAT

    Location

    marker
    Location: Unit 4 Terminus Industrial Estate, Durham Street, Portsmouth, PO1 1NR

    Portsmouth & Southsea (0.2 miles)

    Fratton (0.6 miles)

    Portsmouth Harbour (0.9 miles)

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