Unit C5 Cairo Place, Penner Road, Havant, PO9 1QN

The property has 2 floors, rented to individual tenants. Both floors consist of office with ancillary storage, toilets, a kitchenette, and partitioned meeting rooms. The ground floor has benefit of the rear loading area, in addition.

The property has 7 parking spaces on the estate, with rear loading area.

Unit C5 is situated within Havant a town forming part of the south coast conurbation between Southampton and Portsmouth. Nearby occupiers include Kahrs, IVL Leasing, Compass Contract Hire and Motorent. The property benefits from excellent transport communications with the property in easy access of A27 providing access to the national motorway network. Havant train station is situated 1.7 miles away by car.

Freehold available at a price of £500,000, subject to the following leases, ground floor let to Bollscar Builders Limited who took a 5 year lease with no break or rent review from March 2023; and the first floor let to Keel Marine Limited on a 10 year lease, with a break and rent review in 2027. The equated rent comes to £37,000 per annum. Both inside the Landlord and Tenant act 1954.

Ground floor - £20,000
First Floor - £16,500

Source: VOA
You are advised to make your own enquiries with the local council on these figures and possible fees.

Legal Costs - Each party to be responsible for their own legal costs.
VAT - The property is elected for VAT