Pinks Industrial Estate
PO17 5BT Fareham
- Location and Transport
- More like this
For Sale: Industrial Investment with Residential Development Potential
- Allocated for Residential Development as part of the Welborne Major Development Area
- Multi let industrial, warehouse and open storage estate producing £160,000 pa
- Potential for rental growth
The site falls within the aegis of Fareham Borough Council and forms part of the allocated Welborne MDA that recently the Planning Committee has resolved to Grant Permission (Ref P/17/0266/OA). The Welborne application is for a New Community of up to 6,000 dwellings together with a District and Village Centres, commercial and employment space, community uses, secondary school, 3 primary schools, green infrastructure including formal and informal open and amenity space.
The site was subject to a planning appeal for 72 dwellings (Ref: APP/A1720/W/17/3192431) which was dismissed in September 2018.
The property is subject to a number of short-term tenancies, producing £160,000 per annum which will
increase on letting vacant areas.
A schedule of which is included in the Data room.