Shop/Retail unit For Sale or To Let in Fareham

Rare Investment Freehold Opportunity

Unit R Fort Wallington Industrial Es Military Road Fareham Hampshire PO16 8TT

Ground Floor: 530 sq.m/5,700 sq.ft
Total Floor Area: 530 sq.m/5,700 sq.ft




Last updated: 03 Aug 2020 Ref: UnitRFort

Property 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. * EPC Rating D86.

Specification and floor areas

  • Net Internal Floor Area
Measurementimperialmetric
Ground Floor5,700 sq.ft530 sq.m
Total Floor Area 5,700 sq.ft 530 sq.m

Financials

For sale and to let: (subject to contract)

  • Rent on application
  • Price £680,000 equating to £119 psf
  • £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 info

Agent's Disclaimer

For the Lessors or Vendors of this instruction, whose Agents they are, give notice that; These particulars are set out as general guidance only to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Lessees, Purchasers or Third Parties 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 Holloway Iliffe & Mitchell has any authority to make any representation or warranty whatsoever in relation to this property.


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

Property 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.

Map



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Agents Contact Details

Name: Tom Holloway
Company: Holloway Iliffe & Mitchell
Address: 10 Acorn Business Park Northarbour Road Portsmouth Hampshire PO6 3TH
Email:
Email the agent
Direct Dial: (023) 9237 7800
Mobile: (023) 9237 7800





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