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West Links, Tollgate, Chandler's Ford, Eastleigh, Hampshire, SO53

£435,000

£155.75 per sq ft

Business rates & charges may apply

Keygrove Chartered Surveyors, Southampton
SIZE AVAILABLE

2,793 sq ft

259 sq m

SECTOR

Commercial development for sale

Key features

  • 7.72% Gross Initial Yield
  • Longstanding Tenant
  • 10 Year Lease with 5 Year Break Clause (Subject to Break Penalty)
  • Modern Office
  • Popular Office Location

Description

An opportunity to buy a virtual freehold investment with a new lease to a longstanding tenant, in the popular business district of Chandlers Ford. The property comprises a three-storey self-contained office building with modern, predominantly open plan accommodation and WCs on each floor. There are kitchenette facilities.

The premises benefit from LED lighting, air conditioning, gas central heating, perimeter trunking, raised access flooring and 9 car parking spaces, with tenants able to lease more from the business park if required.

The premises is let to Unilink Software Limited on a new 10-year lease from 2nd July 2025, expiring 1st July 2035, at a rent of £33,600 per annum. There is a tenant-only break option on 2nd July 2030 subject to a break penalty of £8,400. The lease is on full repairing and insuring terms. The rent is subject to an upwards-only review on 2nd July 2030. The lease is available to review upon request.

The tenant offers a very good covenant, with a Credit Safe Risk Score of 95 (placing it in the upper quartile of 7,971 comparable companies) and an International Score of 'A' (very low risk).

Brochures

West Links, Tollgate, Chandler's Ford, Eastleigh, Hampshire, SO53

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chandlers Ford Station1.1 miles
  • Southampton Airport Parkway Station1.5 miles
  • Eastleigh Station1.5 miles

About Keygrove Chartered Surveyors, Southampton

Harbour Lights Maritime Walk, Ocean Village, Southampton, SO14 3TL

Keygrove is a well established and entirely independent firm of Chartered Surveyors specialising in commercial property, operating from a landmark building in Ocean Village, Southampton.

We offer Director level service with an emphasis on accountability. Our independent status allows us to tailor our services to our clients' needs whether starting from a 'blank sheet' or applying our skills and knowledge to an existing project.

We provide our services (see 'what we do' above) to landlords, tenants, investors, owner occupiers and property professionals across the commercial property sector; including offices, industrial, warehouse, retail, motor trade and development land. We do business locally, regionally and nationally with all sizes of organisation.

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