Block A,Units 2 & 3, Ridgeway Office Park, Bedford Road , Petersfield, Hampshire, GU32 3QF

  • Investments
  • 3,315 sq ft
Block A,Units 2 & 3, Petersfield, Investments - Petersfield Office Parking 2.JPG
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Block A,Units 2 & 3, Petersfield, Investments - Petersfield Office Parking 9.JPG
Under offer
Property Type Investments
Availability
Size 3,315 sq ft
Energy Performance Rating Upon enquiry

Freehold Office Investment For Sale

Investment Summary

Opportunity to acquire 2 adjoining office units forming the central section of a 4-unit L shaped office building at the entrance to Petersfield office park and approximately ¾ of a mile from the town centre and ½ mile from the junction of the A3 Petersfield is an attractive Market town on the A3 London to Portsmouth Road 18 miles from Portsmouth and 25 miles south of Guildford Road communications are excellent and Petersfield benefits from a fast and Frequent rail service to London Waterloo and the south coast. The 2 office buildings comprise high quality office accommodation totalling 3315 sqft (307.97 sqm) with 9 on site car spaces. The Ground floor of unit 2 has been sold off on a long lease to the occupier Multipix imaging. The tenant is ITAL Group Ltd (Independent Transport Associates), a company formed in 2003 and are specialists in payment and Enforcement solutions. Unit 2 and 3 are let on 2 leases to ITAL on a 10-year Full repairing and insuring lease from 1/6/2017 at a combined rental of £50,000pa (£15 psf) There is a rent review on 1/6/2022 and a tenant break.

Freehold

A price of £675,000 (Six hundred and seventy-five thousand pounds) is sought reflecting an initial net yield of 7%.and a capital value of some £200 per sqft.