133-145 Botley Road, North Baddesley, Southampton, SO52 9EB
5,301 Sq Ft / Industrial / Distribution
For Sale
- £1,395,000.00
Available - Last updated: 21 November 2024
Summary
The property comprises a prominent commercial site consisting of a front car wash unit with ground floor reception / waiting area and first floor offices, plus an attached self-contained industrial unit occupied for the purpose of vehicle workshop and MOT testing station.
The site benefits from a two points of access from Botley Road, one of which is via an easement with the adjacent industrial estate.
The vehicle repair and MOT testing station is let to SJP Independent Garage Specialist Limited for a term of 10 years from 01 November 2022 at a passing rent of £35,000 per annum exclusive, subject to open market upward only rent review and tenant only break option on the 5th anniversary.
The car wash demise is currently let by way of a Tenancy at Will. The occupier is prepared, subject to contract, to enter into a new 10 year lease at a rent of £60,000 per annum exclusive. Alternatively, that section of the site can be purchased with vacant possession.
Site plans available on request.
Key Points
Site size 0.51 acresProminent highly visible roadside siteScope for alternative uses (STP)Freehold TitleOption 1: Fully income generating investment (£95,000p.a.)Option 2: Part income producing vehicle workshop (£35,000 p.a.) and vacant possession of car washLocation
The property is located in a densely populated residential area 2.9 miles east of Romsey Town Centre and 6.3 miles north of Southampton City Centre. The property occupies a prominent position on Botley Road, the main A27 linking Southampton to Romsey. The site is located next to Baddesley Industrial Park.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,395,000.00
| NA |
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