Industrial for sale in Unit R Fort Wallington Industrial Estate, Military Road, Fareham PO16

From £680,000 (£119.3/sq. ft)
Industrial for sale 5,700 sq. ft*
Interested in this property? Call +44 23 9229 2052 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

  • Rare Investment Freehold Opportunity
  • Large Yard and Parking Area
  • Recently Refurbished Building
  • Single Tenant Occupying The Whole
  • Close to Junction 11 of M27
  • Secluded Location
  • Description

    The property is a two storey, flat roof structure, sub-divided to provide office and workshop space with a yard and ample parking on site.

    The building is currently tenanted by Fairways Care UK Ltd.

    Location

    Unit R is on the southern perimeter of Fort Wallington Industrial Estate which is situated very close to junction 11 of the M27 via Pinks Hill Road. The M27 links to Southampton some 20 miles to the west and Chichester and the A3 towards London to the east.

    Terms

    £680,000 + VAT for the Freehold interest, this is subject to a lease to Fairways Care UK Ltd (Registration Company No. 04460658), based on an initial 10 year lease from 11th September 2014 due to expire on 10th September 2024. Current passing rent of £47,400 per annum. There is an outstanding rent review on 11th September 2019. Further lease information available upon request.

    Specifications

    Suspended Ceiling
    Cat II Lighting
    Electric Heating
    Perimeter Trunking
    uPVC Double Glazing
    Ample Parking

    Business Rates

    Rateable Value : To be re-assessed
    Source:

    You are advised to confirm the business rates with the local Council before making any commitment.

    Other Costs

    Legal Costs - Each party to bear their own legal costs incurred in the transaction.

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Holloway Iliffe and Mitchell, PO6 on +44 23 9229 2052 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Holloway Iliffe and Mitchell, and do not constitute property particulars. Please contact Holloway Iliffe and Mitchell for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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