Property Description

INVESTMENT SUMMARY * Freehold Business Unit Investment * Located on established industrial estate Surrounding occupiers include Graham Plumbers Merchant, Royal Mail, Crown Decorating Centre, Focal Point Fires plc and Heating Plumbing Supplies * Let to Avon Magnetics Ltd * RENT - £42,500 p.a. * PRICE - £600,000 - Net initial yield 6.75% The property comprises a mid-terrace two storey business unit incorporating manufacturing and light assembly accommodation at ground and first floor levels together with office and ancillary staff accommodation. 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.  Accommodation Ground Floor Warehouse   316.89 sq. m.              ( 3,411 sq. ft.)  First Floor Offices       316.89 sq. m.               ( 3,411 sq. ft.) TOTAL                     616.89 sq. m.           ( 6,822 sq. ft.)

Measurements

• Net Internal Floor Area

Unit 8 Avon Trading Park Reid Street Christchurch - Avon Magnetics Limited

Measurement	imperial	metric
Industrial/Warehouse	3,411 sq.ft	317 sq.m
1st Floor Offices	3,411 sq.ft	317 sq.m
Total Floor Area	6,822 sq.ft	634 sq.m

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Agent's Disclaimer

Sale Terms

Offers are sought in excess of £600,000 subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 6.75% after allowing for usual purchaser’s costs of 5.8%, and a capital value of £88 per sq ft.

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Tenant, lease and rent summary

Reid Street Christchurch BH23 2BT

Unit	Tenant	Rental Income	Lease Dates
Unit 8 Avon Trading Park	Avon Magnetics Limited	£42,500 £6.23 psf	282019 -start 272029 -expiry 27thFebruary2026 -break
Total Rent		£42,500

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Covenant Information and other comments:

Avon Magnetics Limited

Avon Magnetics Limited has been trading in it's current form since 1992 and is one of the UK's leading designers and manufacturers of transformers, inductors and associated forms of wound magnetic components. To the year ended 31st March 2018 the Company reported Net Assets of £1,695,729.

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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.

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