Commercial Property, Industrial Parks, Industrial Units, Light Industrial
The property is located on the north side of Fitzherbert Spur, Farlington, an established industrial estate situated around 1 kilometer north of the A27(M) and its junction with Eastern Road.
The property benefits from good accessibility by road with the A27 linking directly with the M27 South Coast motorway and A3(M) to London. More locally, the Eastern Road to the south provides good access for Southsea with the option of using the M275 for access into Portsmouth. To the North, the Eastern Road joins the Havant Road providing local access to Drayton and Cosham to the West and Bedhampton to the East.
Other occupiers in the vicinity include Portsdown Office Limited, Omnico, APC Coatings, Hopelake Foods and First Wessex Property Services. Other occupiers in Fitzherbert Road include Howdens, Magnet, Sainsburys and Homebase.
The property compromises part of a terrace of industrial/warehousing units of steel portal frame construction between an insulated clad roof with concrete slab elevation. The property has been substantially improved by the current owner, including the installation of internal administrative offices and a significant area of mezzanine floor for additional production space plus heating and double glazing.
The property is to be let from completion on a full repairing and insuring Lease to Davtrend Limited for a term of 10 years at a rental of £22,500 pax subject to a rent review after 5 years. We are instruction to offer the freehold investment in the sum of 275,000.
Each party to bear their own legal costs incurred in this transaction.
All arrangements to view must be made by prior appointment with Sole Agents GARNER WOOD on 023 9262 9000.
Property reference: cpoyh8ctq1
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Garner Wood Limited. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.