Unit 1 2 & 6, Woodside Road, Eastleigh, Hampshire
, SO50 4ET
, United Kingdom Price: Buy: POA
Size: 255 to 863 sqm Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH632975 Property Ref/Agent: 7010
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 8, 2021
Eastleigh is situated at the junction of the M27 and M3 approximately 5 miles north of Southampton. Junction 13 of the M3 is within 1 miles of the subject property. Eastleigh town centre and railway stations is located 1.25 miles to the east, Southampton Airport and Southampton Parkway mainline railway station is 2.5 miles to the South. Situated below the embanked M3 at the end of Woodside
Road, an industrial cul-de-sac, the property comprises a pair of purposed built industrial units built circa 1980 and constructed on a 6m eave steel portal frame, clad full height in profile sheet.
The development comprises two blocks totalling units set around a concrete surfaced loading and parking area. Both units benefit from single roller shutter loading door and integral two storey office
accommodation with aluminium framed double glazed windows.
Unit 1 Ground Floor Warehouse / Office
- 2,468 sq.ft
First Floor Office - 282 sq.ft
Total - 2,750 sq.ft
Unit 2 Ground Floor Warehouse / Office
- 2,468 sq.ft
First Floor Office - 282 sq.ft (26.29 sq.m)
Total 2,750 sq.ft
Unit 6 Ground Floor
- 2,503 sq.ft
First Floor Office - 1,286 sq.ft
Total - 3,789 sq.ft
All interested parties are advised to make their own enquiries with Eastleigh Borough Council.
Asset rating Unit 1 E102
Unit 2 E106
Unit 6 D76
Rateable Value Unit 1 - £20,250
Unit 2 - £20,750
Unit 6 - £20,250
The 2020/2021 standard multiplier is 0.499(49.9p payable per £1). This determines
what business rates are payable. All parties are advised to make their own enquiries
The properties are available freehold either individually or together with a guide price of:
Unit 1 is available freehold at £350,000. A purchase at this level reflects a gross yield of 5.86% and a net initial yield of 5.66% assuming purchasers costs of 3.5%.
Unit 2 is available freehold at £360,000. A purchase at this level reflects a gross yield of 6.25% and a net initial yield of 6.03% assuming purchasers costs of 3.58%.
Unit 6 is available freehold at £440,000 subject to vacant possession.
All three units can be acquired for a guide price of £1,150,000.
Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.
Unit 1 is let to Digital Tachograph Centre Limited for a term of 10 years commencing 29th June 2012 on fully repairing and
insuring terms limited by a schedule of condition at a passing rent of £20,500. The lease is drafted within the 1954 Landlord and
Tenant Act. Unit 2 is let to ADI Gardiner Limited for a term of 6 years commencing 1st of April 2015 on fully repairing and insuring
terms at a passing rent of £22,500 per annum. The lease is drafted within the 'Act'.
Unit 6 is offered with full vacant possession. The lease is currently
being marketed at guide rent of £30,100 PAX
Popular Industrial Estate
Unit 1 Income £20,500 PAX
Unit 2 income £22,500 PAX
Unit 6 vacant (£30,100 ERC)
Can be acquired individually or together
Unit 1 Net Internal Yield - 5.66%
EPC for Unit 1 2 & 6, Woodside Road, Eastleigh, Hampshire
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