Offices For Sale , Unit 3 Meadow View Business Park, Winchester Road, Upham, Southampton, SO32 1HJ

Description

Meadow View Business Park is located within the South Downs National Park on the edge of the village of Upham. The site is accessed via a private road off B2 117 Winchester Road, providing connections to Winchester and Bishops Waltham and in close proximity to the B3037 junction leading to Fair Oak. The location offers convenient access to the M27 motorway with junction 7, 5.6 miles south west and the M3 leading north to Winchester and Basingstoke. The property comprises a two storey office building with timber clad elevations under a pitched roof. The accommodation is open-plan and benefits from fibre broadband, perimeter trunking, air conditioning (heating and cooling). There is separate access for ground and first floor.

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating - TBC

Rating

Rateable Value TBC
Source www.voa.org.uk The 2020/2021 standard multiplier is 0.512 (XXX payable per £1). The 2020/2021 small business multiplier is 0.499 (XXX payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms

The property is available freehold subject to the benefit of the two commercial leases at a guide price of £500,000. A purchase at this level reflect a Gross Yield of 8% and a Net Initial Yield of 7.62%
following purchasers costs of 4.9%
( Agency Pilot Software Ref: 6989 )