Under Offer

TypeOpen Storage · Industrial Investments

SO51 2.185 Acres Riverside Yard, Romsey Road, Ower, Romsey

TenureFor sale

2.185 Acres Riverside Yard, Romsey Road, Ower, Romsey, SO511/15

Specification

Land size
Land size2.18acres
Property type
Property typeOpen Storage · Industrial Investments
Tenure
TenureFor sale

Description

Riverside Yard comprises a substantial yard/open storage site extending to approximately 2.185 acres in total, with the net usable area extending to circa 1.245 acres. The total site area is hatched red on the plan, with the net usable area hatched blue.

The site is accessed via a concrete lane, which forms part of the title, and is mainly hardstanding with a small area of unsurfaced ground. Water and electricity are available on site. There is also an old farm building, although this is in derelict condition.

Approximately 25% of the site is currently let, producing an income of £40,250 per annum. The property therefore provides an exciting opportunity for an owner occupier to acquire a sizeable yard/site for their own use, whilst also benefiting from an existing income stream from occupiers on site.

The property also offers an excellent opportunity for investors to increase the overall income by letting the vacant areas of the site to new occupiers.

The current tenancy layout plan and tenancy schedule are included at the end of this brochure.

Approx. 25% let with £40,250 current income

Total site area of circa 2.185 acres

Net usable area of circa 1.245 acres

B8 Planning Consent

Approx. 1 mile from Junction 2 of the M27

Location

Riverside Yard is situated off Romsey Road in Ower, close to the edge of the New Forest and immediately accessible from the A36. The site lies approximately 1 mile from Junction 2 of the M27, providing convenient links towards Southampton, Romsey, Totton and the wider Hampshire motorway network.

Southampton city centre is around 8 miles away, offering access to a broad range of services, amenities and commercial facilities. The location is well suited to occupiers seeking an accessible yard/site with strong road connections across the South Coast.

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