Office for sale in Heritage Business Park, Heritage Way, Gosport PO12

Key Points

Description

Heritage Business Park was constructed around 2014 and essentially provides a modern industrial estate, which accommodates a broad mix of companies. Units D11 and D14 were constructed as office units, which provide independent self-contained office suites over ground and first floors. Unit D11 is arranged over all ground floor, which is let to Collins Services Ltd, who are electrical wholesalers which also rent the neighbouring unit as a trade counter. Internally, the accommodation is partitioned to form two office areas, together with a small meeting room. The premises has two wc’s (one dda compliant) and a separate modern kitchenette. The accommodation is well fitted to include suspended ceilings and recessed fluorescent lighting, 3 compartment perimeter trunking to include small power and data, and carpets. There are 3 allocated car parking spaces.

Unit D14 is arranged all at first floor with an independent ground floor entrance lobby, which is shared with Unit D11. The accommodation is essentially all open plan, together with one board/meeting room.

Internally the first floor is well fitted to the same specification as the ground floor to include suspended ceiling and recessed LED lighting, carpets, 3 compartment perimeter trunking to include small power/data, modern kitchenette, and two wc’s. There are 3 allocated car parking spaces.

Location

Centrally located on the peninsula, halfway between Fareham and Gosport. The premises benefit from close proximity to the A32 Fareham Road, which is the principal access route through Gosport and provides good links to the south coast via the M27 motorway. Junction 11 of the M27 is within a 10 minute drive, and Southampton airport is 17 miles to the northwest. Gosport town centre and ferry port Portsmouth are located 2 miles to the south.

Heritage Business Park is situated at the junction of A32 and fronts Heritage Way. The development is adjacent to the Brockenhurst Gate Retail Park, which provides good amenities to the estate, which includes occupiers such as Lidl, Marks & Spencer, Foodhall, Home Bargains, Jollies, Iceland, Costa and McDonald’s.

Investment Summary

• Ideal small investor/sipp purchase
• Freehold
• Built to a high specification around 2014
• Situated on the modern Heritage Business Park estate, being the premier industrial area in Gosport
• Total income stream reflecting £18,000 pa
• erv circa £22,000 pax (reflecting 9.36% Gross Yield)
• Spread of risk from two tenants and the ground floor tenant rents the neighbouring industrial unit as an electrical wholesaler and trade counter
• Situated within easy walking distance to the Brockenhurst Retail Park, which includes Lidl, Marks & Spencer, Costa and McDonald’s

Tenancies

D11 – Tenancy Agreement contracted with Collins Services Ltd (Co. Number: - 14877663) for a term of 3 years from the 1st August 2023 at a rent of £10,000 pa plus VAT. The tenancy expires on the 31st July 2026. The tenancy is drawn on an internal repairing and insuring basis and is subject to a service charge for a contribution towards the common areas. The tenant pays all additional running costs, such as business rates, utilities, estates charge and buildings insurance in addition to the rent. Atkinson Electrical Wholesale Limited (Co. Number: - 09564574) act as guarantor to the lease.

D14 - Tenancy Agreement contracted with S Bowling Ltd (Co No. 11599666) for a term of 3 years from the 1st April 2022 at a rent of £8,000 pa plus VAT. The tenancy expires on the 31st March 2025 and is subject to a tenant only rolling break clause on not less than 3 months prior written notice served on the first day of a calendar month (12 months after the start date). The Tenancy is drawn on an internal repairing and insuring basis and is subject to a service charge for a contribution towards the common areas. The tenant pays all additional running costs, such as business rates, utilities, estate charge and buildings insurance in addition to the rent. There is a rent deposit of £2,400 held.