The property comprises a range of industrial and office buildings providing approximately 41,835 sqft of accommodation on a surfaced site of 1.65 acres. The buildings are either let on short term commercial leases or vacant. We understand that the premises have established B2 general industrial planning consent.
Further details are available on request.
In October 2018 Southampton City Council resolved to grant planning permission (subject to a S106 Agreement) for "Demolition of the existing buildings and redevelopment to provide 40 dwellings and a 464 sqm commercial B1b/c building, with accesses from Paynes Road and Pitt Road and associated parking and open space." Ref: 17/02592/OUT.
Further details on the tenancies, planning permission and site surveys are available on request.
( Agency Pilot Software Ref: 291 )
Location
The property is located in Freemantle, approximately 1 mile west of Southampton city centre,withvehicle access from both Pitt Road SO15 3FQ and Paynes Road SO15 3BW, giving good access to the A33 Millbrook Road/Mountbatten Way. The M271 is 1.9 miles distant.
Accommodation
Total Buildings 41,835 sq ft (3,886.47 sq m )
Site Area 1.65 acres ( 0.67 hectares)
Terms
The premises are available for sale either unconditionally or subject to planning. Vacant possession can be provided if necessary. Expressions of interest are invited.
GUIDE PRICE Offers are invited in the region of £1,750,000 for the Freehold.
RATES We have obtained information from the Valuation Office website and we understand that there are six different
Rateable Values of the properties totalling £109,850. We recommend that prospective purchasers verify this with the Valuation Office.
EPC EPC's can be provided where appropriate.
LEGAL COSTS Parties to pay their own legal costs. VAT We are advised that VAT will not be payable.
Specification
- 41,835 sq ft (3,886 sq m) of commercial buildings
- Current income £72,617 per annum with potential to increase
- Resolution to grant planning permission for 40 residential dwellings and a 464 sq m B1 unit
- Vehicle access from Paynes Road and Pitt Road