Unit 7 Pintail Business Park

165 Christchurch Road Ringwood Hampshire BH24 3AL

Investment Property For Sale: £285,000
Total Floor Area: 1,980 sq.m/21,313 sq.ft
Net Investment Income: £18,500 per annum




Last updated: 15 Mar 2021 Ref: W10576

Property Description

INVESTMENT SUMMARY * Pintail Business Park is a small trade warehouse/business unit development located to the south of Ringwood Town Centre adjoining the B3347 Christchurch Road * 184 sq. m. (1,980 sq. ft.) * Let to Hyphose Limited * Lease for a term of 6 years from 5th July 2016 * Rent £18,500 pa. * Price £285,000 reflecting a net initial yield of 6.3% after purchaser's costs of circa. 3% DESCRIPTION The property comprises an end of terrace business unit constructed in 2016. The unit incorporates a full first floor which has been fitted out to provide high quality office accommodation. TENANCY DETAILS The property is let in its entirety to Hyphose Limited for a term of 6 years from 5th July, 2016. The current passing rent is £18,500 pa. The property is currently occupied by Manta Makes Limited by way of a sublease which expires on 1st July, 2022. The current passing rent under the terms of the sublease is £18,500 pa. The sublease is excluded from the security of tenure provisions contained within Sections 24-28 of the Landlord and Tenant Act 1954. COVENANT Hyphose Limited is a company formed in 1980 as a premier supplier of hose products to the industrial/automotive/marine sectors. For the year ended 31.12.2019 the company had net assets of £371,000. PRICE £285,000 - Reflecting a net initial yield of 6.3% after purchaser\\\'s costs of circa. 3.0%. (** PLEASE click the link to download marketing particulars or contact Simon West for further details -----

Measurements

  • Net Internal Floor Area
Unit 7 Pintail Business Park 165 Christchurch Road Ringwood - Hyphose Limited
Measurementimperialmetric
Industrial/Warehouse10,657 sq.ft990 sq.m
1st Floor Offices10,657 sq.ft990 sq.m
Total Floor Area21,313 sq.ft1,980 sq.m


Agent's Disclaimer

MESSRS COWLING & WEST FOR THEMSELVES AND FOR VENDORS OR LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE GIVE NOTICE THAT: THE PARTICULARS ARE SET OUT AS A GENERAL OUTLINE ONLY FOR THE GUIDANCE OF INTENDED PURCHASERS OR LESSEES, AND DO NOT CONSTITUTE, NOR CONSTITUE PART OF, AN OFFER OR CONTRACT; ALL DESCRIPTIONS, DIMENSIONS, REFERENCES TO CONDITION AND NECESSARY PERMISSIONS FOR USE AND OCCUPATION, AND OTHER DETAILS ARE GIVEN WITHOUT RESPONSIBILITY AND ANY INTENDING PURCHASERS OR TENANTS SHOULD NOT RELY ON THEM AS STATEMENTS OR REPRESENTATIONS OF FACT BUT MUST SATISFY THEMSELVES BY INSPECTION OR OTHERWISE AS TO THE CORRECTNESS OF EACH OF THEM; NO PERSON IN THE EMPLOYMENT OF MESSRS COWLING & WEST HAS ANY AUTHORITY TO MAKE OR GIVEN ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


Sale Terms

Offers are sought in excess of £285,000 subject to contract and exclusive of VAT.




Tenant, lease and rent summary

165 Christchurch Road Ringwood BH24 3AL
UnitTenantRental IncomeLease Dates
Unit 7 Pintail Business Park Hyphose Limited £18,500
£0.87 psf
12022 -expiry
No -break
Total Rent £18,500


Covenant Information and other comments:

Hyphose Limited

Hyphose Limited is a company formed in 1980 as a premier supplier of hose products to the industrial/automotive/marine sectors. For the year ended 31.12.2019 the company had net assets of £371,000.00


Agent's Disclaimer

MESSRS COWLING & WEST FOR THEMSELVES AND FOR VENDORS OR LESSORS OF THIS PROPERTY WHOSE AGENTS THEY ARE GIVE NOTICE THAT: THE PARTICULARS ARE SET OUT AS A GENERAL OUTLINE ONLY FOR THE GUIDANCE OF INTENDED PURCHASERS OR LESSEES, AND DO NOT CONSTITUTE, NOR CONSTITUE PART OF, AN OFFER OR CONTRACT; ALL DESCRIPTIONS, DIMENSIONS, REFERENCES TO CONDITION AND NECESSARY PERMISSIONS FOR USE AND OCCUPATION, AND OTHER DETAILS ARE GIVEN WITHOUT RESPONSIBILITY AND ANY INTENDING PURCHASERS OR TENANTS SHOULD NOT RELY ON THEM AS STATEMENTS OR REPRESENTATIONS OF FACT BUT MUST SATISFY THEMSELVES BY INSPECTION OR OTHERWISE AS TO THE CORRECTNESS OF EACH OF THEM; NO PERSON IN THE EMPLOYMENT OF MESSRS COWLING & WEST HAS ANY AUTHORITY TO MAKE OR GIVEN ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Pintail Business Park immediately adjoins the busy B3347 Christchurch Road approximately 0.5 mile to the south of Ringwood town centre. The units enjoy easy vehicular access via the B3347 Christchurch Road to the A31 dual carriageway which links Ringwood to Southampton and the National Motorway network to the east and Bournemouth and the Poole conurbation to the west. The A338 also provides a direct link to Salisbury to the north. In recent years Ringwood has proved an extremely popular business location demonstrated by the success of developments such as Pintail Business Park and the adjoining Forest Gate Business Park. Local occupiers include Elliotts Builders Merchants, McCarthy & Stone, Eberspacher, Bellway Homes and CoMax UK. Pintail Business Park also immediately adjoins the recently constructed Lidl supermarket.

Map



CowlingWest
Agents Contact Details

Name: David Cowling
Company: Cowling & West
Address: The White House 170 Magna Road Canford Magna Wimborne Dorset BH21 3AP
Email:
Email the agent
Direct Dial: (01202) 558262
Mobile: (01202) 558262





Download pdf brochure Brochure for:  165 Christchurch Road  Ringwood Hampshire  BH24 3AL. Investment Property For Sale: £285,000. Total Floor Area: 1,980 sq.m/21,313 sq.ft. Net Investment Income: £18,500 per annum

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