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Solent Business Park
PO15 7AF Fareham
Ref: 10981

  • 57,778.00 - 55,778.00 ft² (5,367.75 - 5,181.94 m²)
  • 8,500,000
  • 9.21 Initial Yield

Description

Description

• Freehold Office Investment Opportunity - Six Detached Offices

Investment Summary

  • Strategic location between Southampton and Portsmouth benefiting from easy access to the M27 and M3.
  • 6 detached offices on Solent Business Park.
  • The office buildings total 57,778 sq ft of high quality accommodation in a landscaped setting.
  • Multi-let to tenants including British Telecommunications PLC, Shoosmiths Services Ltd, Matchtech Group (UK) Ltd and CFBT Education Trust.
  • Matchtech (30% of income) have recently signed a 10 year lease and are spending in excess of £1.3m on their building.
  • Numerous asset management opportunities, including letting up the vacant space and regearing leases with existing tenants.
  • Net income of £834,917.50 per annum (£14.45 psf).
  • Average weighted unexpired lease term of 4.18 years to lease expiries and 2.37 years to breaks.
  • Offers are sought in excess of £8,500,000 (Eight Million, Five Hundred Thousand Pounds)

Location

Location

Solen Business Park is the South Coast’s principal business park. It is located equidistant between Southampton and Portsmouth, some 10 miles to the north westandsouth east respectively. TheParklies adjacent to Junction 9 of theM27 motorway, approximately 80 miles south west of London and 20 miles southeastof Winchester.

Energy Rating

Energy Rating

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Contact

Contact
Oliver Paine
Nella Pang
Ross Wigley
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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