TypeOffice Investments
TenureFor sale
Prominent Roadside Detached Office Investment
The property is a detached three storey office building benefiting from ample allocated parking.
The subject office is self contained over three floors, which benefits from being predominantly open plan with a kitchen area on each floor along with WCs and wash hand basins. There is also parking to the front of the building and secure parking at the rear.
Air conditioned
Gas central heating
Cat 5 network cabling
Kitchen x 3
WC and wash hand basin
Suspended ceilings
Cat 2 lighting
Parking 28 spaces
Subject to a 5 year FRI lease to Hobby House Models (Amplevine House) Ltd at a passing rent of £52,500 pa. The lease expires 17th September 2030 and has a tenant only break option on 17th September 2027. At the current quoting price this represents a
gross yield of 9.55%.
Unless stated, all prices are quoted exclusive of VAT.
Well located office close to M27 & rail network
Fully networked
Secure modern building
Open plan offices over three floors
Let to Hobby House Models (Amplevine House) Ltd with a lease expiring 2030
The subject property overlooks Thomas Lewis Way and is accessed via Dukes Road which in turn leads to Empress Road. Empress Road leads to Thomas Lewis Way (A335) which leads south towards the centre of Southampton and north towards the M27motorway network. Junction 5 of the M27 is 2.5 miles to the north with bus, rail and air travel all within the same distance.
Rental Income £52,500 pa
gross yield 9.55%
lease expiry 17 Sept 2030
tenant break 17 Sept 2027