AGS, Southampton Road

Portsmouth, PO6 4RJ

6,566 sq ft
For Sale
Industrial

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Freehold Industrial Property

Property Type Industrial
Tenure For Sale
Size 6,566 sq ft
Freehold Price £625,000
Business Rates Upon enquiry
Energy Performance Rating This property has been graded as 117 (E)

Key Features

  • Could suite trade counter (STP)
  • Close to Junction 12 of M27
  • Sale and Lease Back opportunity

Location

The subject premises is located on the northern side of Southampton road close to the Hendy Ford Showroom situated to the east. Southampton road has convenient links on to the M27 motorway junction. The M27 also links to the A3 (via A27) to the east and M3 to the west.

Available area

The accommodation comprises of the following

NameSq ftSq mTenureAvailability
Unit - 1 GF Warehouse 2,551.05 237 For sale Available
Unit - 1 Office 139.93 13 For sale Available
Unit - 1 Office no 2 215.28 20 For sale Available
Unit - 1 FF Offices 376.74 35 For sale Available
Unit - 2 GF Warehouse 2,551.05 237 For sale Available
Unit - 2 Office 139.93 13 For sale Available
Unit - 2 Office no 2 215.28 20 For sale Available
Unit - 2 FF Office 376.74 35 For sale Available
Total6,566610  

Description

The property is an industrial building of steel frame construction with blockwork elevations that have been overclad, under an asbestos sheet roof, providing two individual warehouse units with ancillary office accommodation to the front of the property.

Unit 1 comprises a main warehouse area, ground and first floor offices, wc's, kitchen point and store. The property benefits from two loading doors accessible by a shared side access road. Externally the unit benefits from four parking spaces to the front of the building plus and additional four parking spaces to the side of the property.

Unit 2 comprises a main warehouse area , ground and first floor offices, wc and store. Externally it benefits from three allocated parking spaces and a forecourt/loading bay.

Specifications

Forecourt loading bays
Allocated parking
3 phase electrics

Terms

The freehold interest is available for sale - guide price £625,000

Unit 1: The freeholders currently occupy unit 1. They will seek either a sale and lease back of the property and would be willing to enter into a new five year lease of Unit 1 at a rent £21,000 per annum., alternatively they would be willing to sell with vacant possession of unit 1

Unit 2: Terms have already been agreed for a new lease of unit 2 to the existing subtenant at a rent of £21,000 per annum.

Therefore this could realise a total rental income of £42,000 per annum.

Business Rates

Business Rates: Unit 1: £21,500 Unit 2: £21,500

Other Costs

Each party to be responsible for their own legal costs incurred in the transaction.

We understand the property is not elected for VAT, and VAT is not charged on rent