How To Sell A Site In South Portmouth
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- Charla Perkins
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1 For Sale Of Interest to Owner Occupiers & Investors On the instructions of Prominent Site with Office Building & Industrial Units Portswood House, Brazier Industrial Estate, Third Avenue, Southampton SO15 0LD Acres (1.018 Ha) Part let industrial investment with vacant office building & industrial units 40,070 sq ft GIA Industrial & 8,706 sq ft NIA Offices Close to Docks, City Centre & M271 Lambert Smith Hampton 5 Town Quay, Southampton SO14 2AQ T +44 (0)
2 Portswood House, Brazier Industrial Estate, Third Avenue, Southampton SO15 0LD Location Southampton has a population of approximately 240,000 (2013) and is recognised as one of the major commercial centres on the south coast. They city is situated approximately 80 south west of London, 20 miles west of Portsmouth, 30 miles east of Bournemouth and benefits from excellent road communications via the M3 and M27 motorways. Southampton has two mainline railway stations with journey times to London Waterloo of approximately 70 minutes. Southampton Airport offers both domestic and international flights. Southampton acts as a gateway to the Isle of Wight providing both passenger and car ferry services. Brazier Industrial Estate can be found prominently situated on the south side of Millbrook Road West (A3024) and is approximately 1 mile to the west of Southampton City Centre and approximately 1 mile from M271, connecting Southampton with Junction 3 M27 and onwards to Junction 4, M3 at Eastleigh. Millbrook is an established industrial area close to the city Centre with a number of trade counter occupiers and car dealerships such as Toyota, Adams Morey, Topps Tiles and Volvo. Other occupiers in Third Avenue include Go Outdoors, Access Self Storage and Calor Gas. Description The site comprises a prominently situated 4 storey office building (Portswood House) to the front of the site, of mainly concrete frame with brick outer skin beneath a flat roof. The ground floor comprises a reception area entrance lobby, open plan part circular stairwell and 400lb 4person lift to the upper floors. The first and second floors benefit from office suites and open plans area with wc. There is undercroft parking, providing 36 spaces with an additional 16 spaces to the rear of the property. The industrial estate comprises two parts separated by Tanners Brook. At the entrance to the site there are open storage areas, a plumber s merchant and three industrial units can be found to the rear of the main site. On the Western side of the site is a detached steel portal frame, at present divided into 4 units. Accommodation Please see attached Tenancy Schedule for further detail. Tenant Sq Ft Demise Vacant (Portswood House) 8,706 Office Carillon Construction Ltd 13,104 U1 Carillon Construction Ltd 988 U2 Vacant 11,726 U3 Vacant 5,459 U4 Millbrook Motors 2,616 Unit 5 Vacant 856 Unit 6 Kitek Enterprises Ltd 1,045 Unit 7 Solent Plumbing Services 4,276 C, D E & F Vacant (Open storage) 2,493 TOTAL SITE AREA 2.52 A 1.02 Ha Business Rates Rateable Value 60,000 Rating Assessment - source Uniform Business Rate is 48.2p (2014/2015) Any intending lessee must satisfy themselves as to the accuracy of this information. EPC EPCs available upon request. Price Available on a freehold basis. Offers in the region of 2,000,000 Legal Costs Each party to be responsible for their own legal costs incurred in any transaction. VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Viewing and Further Information Viewing strictly by prior appointment with the joint agents: Andrew Archibald Keygrove ada@keygrove.com Adrian Whitfield Lambert Smith Hampton awhitfield@lsh.co.uk acres (1.018 Ha) Site Part let industrial investment with vacant offices and industrial units 40,070 sq ft GIA Industrial 8,706 sq ft NIA Offices Potentially available as a whole or in part Close to Southampton Docks, City Centre & M271
3 Portswood House, Brazier Industrial Estate, Third Avenue, Southampton SO15 0LD Location Plan Site Plan - For Indicative Purposes Only
4 Portswood House, Brazier Industrial Estate, Third Avenue, Southampton SO15 0LD Portswood House & Warehouses (Units 2&3) Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any ( LSH ) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists impressions or architects drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters. July 2014
5 Unit Areas GIA unless Otherwise Quoted Tenant Lease Expiry Annual Rent Comments U1 13,104 inc U2 Front Carillion Construction Ltd 24-Mar-16 37,500 U2 (Front) See Above Carillion Construction Ltd 24-Mar-16 20,700 U2 Office B 988sf Carillion Construction Ltd 24-Mar-16 5,100 U3 11,726 VACANT U4 5,459 VACANT 5 2,616 David John Harman 30-Nov-15 15, VACANT U7 External Storage Mezz of 167, so 1,045sf Kitek Enterprises Ltd (Karen Watts) 30-Mar-13 5,250 C, D, E, F 4,276 Solent Plumbing Supplies Ltd 31-Jul-14 19,000 Open Storage 2,493 VACANT Portswood House 8,706 NIA VACANT Open Storage C Tommy Colclough 31-Dec-15 1,650
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