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Mount Pleasant Rd 6,405 sq ft 100% Let Industrial Property Southampton SO14 0SP £290,000 (£45.28/sq ft) 7.41% Net Initial Yield
Investment Highlights
- Freehold industrial investment
- Suitable for a variety of industrial and trade counter uses
- Let to Marine Machine UK Ltd until March 2033
Executive Summary
Freehold industrial investment comprising a modern semi-detached industrial unit with secure yard. The property is let to Marine Machine UK Ltd on a 10-year full repairing and insuring lease expiring 27 March 2033 at a passing rent of £21,500 per annum. An upward-only open market rent review is due on 28 March 2028. The investment is offered at £290,000 reflecting a gross yield of 7.41%. The property benefits from a prominent estate position, secure yard and good access to Southampton and the M27 motorway network.
Property Facts
| Price | £290,000 | Total Plot Size | 1.54 ac |
| Price per sq ft | £45.28 | Net Internal Area (NIA) | 6,405 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 7.41% | Year Built | 1990 |
| Tenure | Freehold | Parking Allocation | 3.43/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 16 ft 5 in (5 m) |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 2 |
| Costar Property Class | C |
| Price | £290,000 |
| Price per sq ft | £45.28 |
| Sale Type | Investment |
| Yield | 7.41% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Costar Property Class | C |
| Total Plot Size | 1.54 ac |
| Net Internal Area (NIA) | 6,405 sq ft |
| No. Floors | 2 |
| Year Built | 1990 |
| Parking Allocation | 3.43/1,000 sq ft |
| Eaves Height | 16 ft 5 in (5 m) |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Fenced Lot
- Skylights
- EPC - E
- Roller Shutters
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Mount Pleasant Rd
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