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%.