Commercial Property for sale

Unit 6, Frobisher Industrial Centre, Budds Lane, Romsey, Hampshire, SO51 0EZ

Under Offer 15,083 sq. ft. | £595,000

Property Description

Commercial information

  • 15,083 sq ft (1,401 sq m)
  • Use class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution

Key features

  • Highly Reversionary
  • Low Capital Value per sq ft (39.45)
  • Secure Yard
  • Fully Let
  • Established Industrial Location
  • GIA 15,083 sq ft

Full description

Description:
Budds Lane is a well established industrial estate on the northern edge of Romsey with access from A3057 Stockbridge road. The M3 motorway and Southampton Airport are easily accessible via the M271 and M27. Junction 3 of the M27 is approx. 4 miles.
The property is end terrace and benefits from two storey offices, kitchen and WCs. The property has a 3 phase electricity supply.
Externally there is a concrete service yard with parking for 21 cars.

Accommodation:
Floor Areas:  Square Foot:  Square Metre:  
Ground Floor  13,121  1,218  
Factory, offices, kitchen & WC      
Mezzanine  858  79.71  
First Floor Offices  1,104  102.56  
Total  15,083  1,401.02  
Areas stated are measured on a Gross Internal basis and in accordance with the RICS Code of Measuring Practice 6th Edition.

EPC:
Asset Rating - D78

Tenancies:
Let on a lease dated 16th April 2014 reserving a current rent of 37,000 per annum exclusive, subject to review in April 2017 with a cap of 46,000 per annum. Mutual landlord and tenant break at the third anniversary. Internal repairing lease. Lease expires 15th April 2019. Estimated rental value in reversion circa 75,000 per annum.

Tenant Information:
Motofix Spares Ltd, Comp. No. 07507371. Established Jan 2011. Website: www.motofix-spares.co.uk.

Terms:
Offers sought within the region of 595,000 subject to contract, subject to and with the benefit of the subsisting tenancy.

VAT:
We are advised VAT is not payable on the purchase price.


More information from this agent

Nearest stations

  • Romsey (0.4 mi)
  • Mottisfont & Dunbridge (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Primmer Olds B.A.S., Southampton

61 Cromwell Road, Southampton, SO15 2JE

02382 200593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Romsey (0.4 mi)
  • Mottisfont & Dunbridge (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Primmer Olds B.A.S., Southampton

61 Cromwell Road, Southampton, SO15 2JE

02382 200593 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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