Offers in region of
£290,000
(£101.51/sq. ft)
Industrial for sale2 Mount Pleasant Industrial Estate, Mount Pleasant Road, Southampton SO14
2,857 sq. ft
EPC Rating: A
Just added
Freehold
About this property
Secure Yard
Convenient Location
Suitable for a Variety of Uses
Modern Industrial Unit
Lease to Marine Machine UK Limited till 27th March 2033
Description
The property is semi-detached industrial unit of a steel portal frame structure and benefits from having roller shutter loading door, separate pedestrian access, strip lighting and WC with wash-hand basin on the both the ground and first floors.
The unit also benefits from having a secure yard, with direct access from the estate road.
Eaves height 4.91m
Loading height 3.96m width 3.76m
Location
The subject unit is at the entrance of Mount Pleasant Industrial Estate and easily accessed from either Mount Pleasant Road to the west or Radcliffe Road to the south. Both these roads link to arterial routes out of the city and link to the M27 motorway network.
Terms
Available for sale at a price of £290,000.00 subject to a 10 year Fri lease to Marine Machine UK Ltd till 27th March 2033 at a rent of £21,500 pa, subject to a open market upwards only rent review on 28th March 2028. At the quoting price this represents a gross yield of 7.41%.
Business Rates
Rateable Value £23,250
You are advised to confirm this figure with the local authority before making a commitment to lease.
Other Costs
A service charge is payable to cover costs such as maintenance and repair of common parts, landscaping, management fees. Additionally Building Insurance is also payable.
Each party to be responsible for their own legal costs incurred in the transaction.
Unless stated, all prices and rents are quoted exclusive of VAT.
The property is semi-detached industrial unit of a steel portal frame structure and benefits from having roller shutter loading door, separate pedestrian access, strip lighting and WC with wash-hand basin on the both the ground and first floors.
The unit also benefits from having a secure yard, with direct access from the estate road.
Eaves height 4.91m
Loading height 3.96m width 3.76m
Location
The subject unit is at the entrance of Mount Pleasant Industrial Estate and easily accessed from either Mount Pleasant Road to the west or Radcliffe Road to the south. Both these roads link to arterial routes out of the city and link to the M27 motorway network.
Terms
Available for sale at a price of £290,000.00 subject to a 10 year Fri lease to Marine Machine UK Ltd till 27th March 2033 at a rent of £21,500 pa, subject to a open market upwards only rent review on 28th March 2028. At the quoting price this represents a gross yield of 7.41%.
Business Rates
Rateable Value £23,250
You are advised to confirm this figure with the local authority before making a commitment to lease.
Other Costs
A service charge is payable to cover costs such as maintenance and repair of common parts, landscaping, management fees. Additionally Building Insurance is also payable.
Each party to be responsible for their own legal costs incurred in the transaction.
Unless stated, all prices and rents are quoted exclusive of VAT.
Mortgage calculator
Monthly repayment
£1,450 per month
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