Light Industrial for sale

Unit 6, Phoenix Industrial Park, Chickenhall Lane, Eastleigh, Hampshire, SO50 6PQ

Under Offer 1,154 sq. ft. | £129,000

Property Description

Commercial information

  • Use class orders: B1 Business

Key features

  • Good Access to M27 via J5 & M3 via J13
  • Close Proximity to Southampton Airport and Eastleigh Railway Station
  • SIPP Compliant
  • Rental Growth Potential
  • No SDLT
  • Small Lot Sizes
  • No VAT

Full description

Description:
Phoenix Park is located on Chickenhall Lane close to Barton Park and Barton Farm Industrial Estate on the East side of Eastleigh Town Centre.

It is in an excellent strategic location, with good access to the M27 & M3 motorways as well as Southampton Airport. Eastleigh Railway Station is just a short walk away.

The properties comprise individual light industrial steel portal framed buildings within a terrace understood to have been constructed in the mid/late 1980s.

Both units are understood to have a concrete forecourt area and 3 allocated parking spaces.

Accommodation:
Floor Areas:  Square Foot:  Square Metre:  
Unit 2  1,154  107  
Unit 6  1154  107  
Areas stated are measured on a Gross Internal basis and in accordance with the RICS Code of Measuring Practice 6th Edition.

EPC:
Asset Rating:
Unit 2 - E114
Unit 6 - C70

Tenancies:
Unit 2 is let on a lease dated 11th August 2014 reserving a current rent of 9,000 per annum exclusive, subject to a review in August 2017. Tenant only break on the third anniversary. Lease expires 10th August 2019. The current tenant is Mr. J. Paddock t/a J H P Engineering Services.

Unit 6 is let on a lease dated 28th June 2011 reserving a current rent of 8,960 per annum exclusive with no rent reviews. Lease expires 31st May 2017. The current tenant is Mr P. Jones.
Both leases are Full Repairing and Insuring but limited by Schedules of Condition.

Both leases are excluded from the security of tenure provisions of The Landlord and Tenant Act 1954.

Both leases are subject to service charge for overall estate common areas.

Unit:  Rent:  Price:  Buyers Costs @ 1.8%:  NIY after Buyers Costs:  Capital Values per sq ft:  
2  9,000  129,000  2,322  6.85%  111  
6  8,960  129,000  2,322  6.82%  111  


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

More information from this agent

Nearest stations

  • Pangbourne (37.4 mi)
  • Tilehurst (37.4 mi)
  • Theale (34.5 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

  • Pangbourne (37.4 mi)
  • Tilehurst (37.4 mi)
  • Theale (34.5 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.

Disclaimer - Property reference Unit6phoenixparkeastleigh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Primmer Olds B.A.S., Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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