Industrial development for sale
Property description & features
- Tenure: Freehold
- Current ground rent income of £11,100 pax
- 2 outstanding rent reviews from October 2023.
- 0.38 acre freehold site
- Let on 3 leases expiring in 2077 and 2079 with no breaks
- Price – OIRO £270,000
- 4.11% Gross Yield
The premises are located on Airfield Road which forms part of the established Airfield Industrial area of Christchurch. Access to Airfield Road is from Airfield Way which connects to Somerford Road and provides access to the A35 Christchurch bypass and the A337 Lymington Road.
Christchurch town centre is located 1.5 miles distant and provides a number of local and national retailers including M&SFoodhall, WH Smith, Holland Barrett and Travel Lodge.
Tenure
Freehold
Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.
Tenancies
The freehold is subject to the tenancies detailed on the Tenancy Schedule.
Property information from this agent
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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