Industrial/Workshop Investment Poole - Unit 12, Freeland Park

Overview

Reference: 6339/SJT
Type: Investment
Contract: For Sale
Location: Lytchett Matravers
Area: 1057ft2
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Industrial/Workshop investment in Poole – 1,057 sq ft

Location

Lytchett Matravers is a large village situated approximately 7 miles to the north-west of Poole and 5 miles to the north of Wareham.

The village has a population of approximately 3,900 and has convenient road access to the A35 to the south and A350 to the north.

Freeland Park is situated on Wareham Road close to its junction with the High Street and Huntick Road. Access to Freeland Park is from Wareham Road, immediately to the north of a small residential development known as Abbott’s Meadow.

The development is bounded to the west by residential development and the north and east by open countryside. The development therefore benefits from a high level of natural amenity.

Description

Freeland Park is a modern, high quality development of 19 office and light industrial units laid out in a courtyard format to reflect the semi-rural location.

Unit 12 Freeland Park is a mid-terrace industrial/workshop unit forming part of a block of three properties. The property is of portal frame construction with brick elevations under a pitched roof with replica slate tiles and natural timber windows.  Features include:-

*  First floor office

*  Reception/office with lighting

*  Lighting and electrical sockets to workshop area

*  WC with wash hand basin

*  Sectional up and over loading door

*  Natural stained timber windows and personnel doors

*  3 allocated car parking spaces plus additional visitor parking spaces on the development.

Accommodation 

Ground floor

Workshop inc reception/office and wc       706 sq ft       65.6 m²

First floor

Office                                                                351 sq ft       32.6

TOTAL GROSS INTERNAL AREA                 1,057 sq ft       98.2 m²

Services 

We recommend all prospective occupiers should make their own enquiries as to the availability and capacity of the various utility services.

Tenure

The property is for sale freehold.

Tenancy

The property is let by way of a 3 year full repairing and insuring lease from 1st April 2015 to DSDL Automatic Installations Ltd at a passing rent of £8,250 plus VAT per annum exclusive.

Price

£125,000 exclusive of VAT for the benefit of the freehold interest reflecting a gross yield of 6.6%.

VAT 

VAT is payable on the purchase price. 

Planning 

The development has planning consent for Class B1 use including offices, studios and light industrial. The planning consent restricts business and associated activities to only taking place on site between the following hours:-

*  7 am – 9 pm  Monday to Friday

*  7 am – 1 pm  Saturdays

*  No time Sundays or Bank Holidays

Rates

The District Valuer’s website provides the following information:-

Rateable Value: £5,500  (6 September 2010)

Source:  www.voa.gov.uk

Map


Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.