Sold

Eastleigh – Modern Office Investment Opportunity

Turnpike House, Tollgate, Chandlers Ford, Eastleigh, SO53 3TG

Property Type:
Commercial
Sub Type:
Office
Tenure:
Freehold

Description

  • Modern office building prominently situated within Tollgate Business Park.
  • Detached self-contained building providing 8,392 sq ft (779.6 sq m).
  • Let on a new 10 year lease (TOB year 5) to the strong covenant of Kier Construction Ltd (5A1).
  • Rent Passing of £160,000 pa (£19.07 psf).
  • Notable nearby office tenants include KPMG, RSM, Blake Morgan LLP, One Insurance Solution, EMCOR, Ageas Insurance, Aviva Health Insurance, Utilita as well as B&Q UK Headquarters.
  • Secure car parking for 55 cars providing an excellent parking ratio of 1:153 sq ft.
  • Site area of 0.68 acres (0.28 ha).
  • Freehold.
  • We are instructed to seek offers of £2,250,000 subject to contract and exclusive of VAT.
    This equates to an attractive net initial yield of 6.70% allowing for purchaser’s costs of 6.33%.

Joint Agent

Simon Neilson
Neilson Property Consultants