Units 17-24 Test Valley Business Centre, Test Lane, Southampton, Hampshire
, SO16 9JW
, United Kingdom Price: Property no longer available.
Size: 8442 sq ft784 sqm Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH636014 Property Ref/Agent: 550
*Please use the agent ref when calling the agent directly.
The property comprises a terrace of 8 industrial units with WC's and kitchenette on the ground floors & some first floor mezzanine office/storage spaces. All the units are let and occupied (please see attached tenancy schedule).
Gas and 3 phase electric are available. The units have manual roller shutter loading doors which are 3.0m wide x 2.95m high.
The roof of the entire block was overclad and insulated in February 2020.
There is allocated forecourt parking in front and to the side of the units.
Current total rental income £75,430 per annum exclusive
Potential to increase rent to approximately £84,000 pax
Initial Yield 6.40% approx. (acquisition costs excluded)
Potential Reversionary Yield 7.1% approx. (acquisition costs excluded)
Potential break up value
Roof overclad and insulated in February 2020
EPC for Units 17-24 Test Valley Business Centre, Test Lane, Southampton, Hampshire
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