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Industrial Unit

Industrial Unit To Let Waterlooville

PROPERTY ID: 69702

PROPERTY TYPE

Industrial Unit

STATUS

Sold

SIZE

34,408 sq.ft

Property Details

34,408 Sq Ft Gia Detached Industrial Building With 135 Car Spaces. 2.46 Acre Site With Low Site Coverage Of 32%. Let To Thomas Sanderson Ltd Until 28 February 2026 Subject To A Break Option In March 2021 (with 12 Months Notice And 12 Months Rent Penalty). Rent Review In March 2021. Fri Terms Limited By Schedule Of Condition. Strong Tenant Covenant - Experian Credit Rating Score Of 100. Leasehold Interest Held From Havant Borough Council At £10,000 Pa With 96 Years Unexpired. Gross Rent: £265,000 Pa. Net Rent (less Ground Rent): £255,000 Pa. Reversionary To £8.50 Psf - £292,500 Pa. Offers Invited In Excess Of £3,300,000 (three Million Three Hundred Thousand Pounds) Subject To Contract And Exclusive Of Vat. Net Initial Yield Of 7.3% And A Reversionary Yield Of 7.9% After Purchaser's Costs Of 6.17%, And A Low Capital Value Of £96 Psf.

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About the Agent

Vail Williams

See Agent's Other Properties

Industrial Unit

POA

Tileasy House, 7 Waterberry Drive, Waterlooville, PO7 7UW
Industrial Unit - Sold
34,408 sq ft
3,197 sqm
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