Property Description
The property was originally constructed as an end of terrace steel portal frame industrial unit incorporating a two storey office and toilet block on the front elevation. The property has a pitched roof covered with plastic coated profiled metal sheeting with elevations comprising part brick work and part plastic coated profiled metal sheeting. The current owner has installed an extended first floor throughout the building to provide additional high standard office accommodation at further floor level.
Measurements
10 Avon Trading Park Christchurch - Focal Point Fires| Measurement | imperial | metric |
|---|
| Industrial/Warehouse | 37,266 sq.ft | 3,462 sq.m |
| 1st Floor Offices | 36,631 sq.ft | 3,403 sq.m |
| Eaves Height | 7′1″ | 2.16m |
| Total Floor Area | 73,897 sq.ft | 6,865 sq.m |
Agent's Disclaimer
Sale Terms
Offers are sought in excess of £615,000 subject to contract and exclusive of VAT. A purchase at
this price would reflect a net initial yield of 6.9% after allowing for
usual purchaser’s costs of 5.8%, and a capital value of £8 per sq ft.
Tenant, lease and rent summary
Avon Trading Park Christchurch BH23 2BT
| Unit | Tenant | Rental Income | Lease Dates |
|---|
| 10 |
Focal Point Fires |
£45,000
£0.61 psf |
No -break |
| Total Rent |
|
£45,000 |
|
Covenant Information and other comments:
Focal Point FiresFocal Point Fires PLC has been trading since 1983 and is the UK's largest manufacturer of fuel effect fires. To the year ended 31st December 2017 the Company reported a turnover of £12,185,000 and an operating profit before tax of £341,600. The company had Net Assets for the year of £1,837,000.
Agent's Disclaimer
There are no plans available to view for this property. Contact the agent for further information
Property Location
The property forms part of the established Avon Trading Park approximately 1 mile to the north-west of Christchurch Town Centre and within easy walking distance of Christchurch Railway Station which provides a direct rail link to London Waterloo.
Map
