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Millstream Trading Estate 7-8 Christchurch Rd 7,167 SF Industrial Building Ringwood BH24 3SB $1,255,441 CAD ($175.17 CAD/SF)
INVESTMENT HIGHLIGHTS
- Situated on the southern side of Ringwood
- Factory space with quality office accommodation
- Roller shutter doors
EXECUTIVE SUMMARY
Freehold commercial investment opportunity for sale at £675,000.
The premises are let to Solar Service Solutions Limited with guarantors on a 6 year excluded full repairing and insuring lease from 27th March 2023. There is a tenant option to break at the end of year 3 subject to a minimum of 6 months prior notice in writing.
Rent: Current passing rent £59,500 per annum with upward only open market rent review at the end of year 4. A rental deposit is held by the landlord.
his end of terrace double unit provides substantial factory space with quality office accommodation.
Gross internal dimensions 23.0m x 20.9m (75’6” x 68’7”)
Gross Internal Area approx. 480.70m² (5,172 ft²) plus first floor offices approx. 185.34m² (1,995 ft²)
Factory: Approx. 310m² (3,337 ft²) most of which is full height, roller shutter doors both to the front and rear of the premises.
Two mezzanine areas.
Offices: Fully air conditioned offices mainly at first floor level, meeting room, kitchen, male and female toilet facilities.
All fully fitted to a high standard.
The premises are let to Solar Service Solutions Limited with guarantors on a 6 year excluded full repairing and insuring lease from 27th March 2023. There is a tenant option to break at the end of year 3 subject to a minimum of 6 months prior notice in writing.
Rent: Current passing rent £59,500 per annum with upward only open market rent review at the end of year 4. A rental deposit is held by the landlord.
his end of terrace double unit provides substantial factory space with quality office accommodation.
Gross internal dimensions 23.0m x 20.9m (75’6” x 68’7”)
Gross Internal Area approx. 480.70m² (5,172 ft²) plus first floor offices approx. 185.34m² (1,995 ft²)
Factory: Approx. 310m² (3,337 ft²) most of which is full height, roller shutter doors both to the front and rear of the premises.
Two mezzanine areas.
Offices: Fully air conditioned offices mainly at first floor level, meeting room, kitchen, male and female toilet facilities.
All fully fitted to a high standard.
PROPERTY FACTS
| Price | $1,255,441 CAD | Rentable Building Area | 7,167 SF |
| Price Per SF | $175.17 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1980 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.12/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.15 AC |
| Price | $1,255,441 CAD |
| Price Per SF | $175.17 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 7,167 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 1.12/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- Fenced Lot
- Energy Performance Rating - E
- Automatic Blinds
- Demised WC facilities
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Millstream Trading Estate | 7-8 Christchurch Rd
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