Rare Freehold Industrial Investment
Summary
- North of Gosport Town Centre
- Tenant prepared to enter into new Lease
- Established Industrial Location
- Would suit a variety of uses in the future.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Workshop | 2,705 | 251.30 | Under Offer |
| 1st - Mezzanine Offices | 319 | 29.64 | Under Offer |
| Ground - Office | 315 | 29.26 | Under Offer |
| Total | 3,339 | 310.20 |
Location
Quay Lane is situated to the north of Gosport Town Centre and is approached via the recently constructed link road from Fareham Road (A32) north of Fort Brockhurst.
The premises are located centrally within the Estate forming part of a terrace of similar units fronting Portsmouth Harbour.
Get directions from Google Maps
Mainline Stations
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Portsmouth Harbour37 mins
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Portchester47 mins
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Portsmouth and Southsea48 mins
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Fratton62 mins
Underground Station
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Reading870 mins
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Twyford911 mins
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Tadworth990 mins
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Tattenham Corner1001 mins
Further Information
Price £250,000
Rates Payable £12,672 per annum
EPC Rating This property has been graded as C (62)
Description
The subject property is a mid terrace freehold industrial unit of brick construction under a pitched corrugated asbestos roof with approximately 30% roof lighting.
The main workshop has a concrete floor and opens into a front forecourt via a sectional roller shutter door which is full height. The tenant has extended the mezzanine to over 50% of the unit and has been trading successfully within the unit for sometime and is prepared to enter into a new lease agreement, further details upon request.
Terms
Freehold is available at a price of £250,000 subject to a new lease to the current tenant, UK Makerspace Ltd who will take a new 7 year FRI lease at a rent of £16,000 per annum with a rent review and break option at 3.5 years.
Rateable Value
Rateable Value £24,750
You are advised to make your own enquiries to the local authority in this regard before making a committment.
Other Costs
Legal Costs - Each party to be responsible for their own legal costs incurred in the transaction.
VAT - the property is elected for VAT
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