Part-let industrial/warehouse investment in need of refurbishment

Key Points

• 3 units totalling 20,510 sq ft
• Suitable for owner occupiers and investors
• Opportunity to refurbish vacant units and either occupy or let out to new tenant
• Unit 14 let to Trio Logistics Limited until February 2029 for £78,595 per annum (plus VAT)
• 5m minimum eaves
• Located within heart of Alton's principle business district

Description

Unit 12 & 13 - These units need comprehensive refurbishment and are offered to the market with full vacant possession. Both units benefit from a minimum eaves height of 5 metres, along with full height loading doors and three phase power. There are single storey offices to the front of each unit with personnel door and WCs, along with parking and loading.

Unit 14 - This unit is let to Trio Logistics Limited on a 5 year FRI lease from 24th Februrary 2024 with a tenant only break option at the end of the third year, producing an income of £78,595 per annum (plus VAT). This unit benefits from 5m minimum eaves, full height loading door, external parking and loading, and offices.

Available area

The accommodation comprises the following areas:

Location

Mill Lane Industrial Estate is located within the heart of Alton's industrial area and is well located for access to both the town centre and the A31. The A31 provides fast access to the Blackwater Valley towns and M3 via the A331. To the south west the A31 also links with Winchester and Southampton via the M3. Alton itself lies at the centre of East Hampshire with a catchment population of over 100,000. The town has a well established commercial centre with a substantial industrial base. Caker Stream Road is approximately 5 minutes walk from the railway station which has direct rail links to London Waterloo (approximately 60 minutes).

Terms

Offers are invited for the freehold subject to occupational tenancies. Further details on enquiry. The property is elected for VAT.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.