Unit C5 Cairo Place
Penner Road, Havant, PO9 1QNThe Space
Rare Freehold Investment Available
At a glance
| Property Type | Industrial / Investment / Office |
| Tenure | For Sale |
| Size | 3,891 sq ft |
| Price | £500,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as C (75) |
Havant
14 mins
Bedhampton
15 mins
Warblington
21 mins
Emsworth
43 mins
Reading
820 mins
Twyford
849 mins
Tadworth
868 mins
Tattenham Corner
880 mins
Key Points
- 7 Allocated Parking Spaces
- Air Conditioning
- Modern Unit
- Established Position
- Excellent Transport Communications (A27)
Description
The property has 2 floors, rented to individual tenants. Both floors consist of office with ancillary storage, toilets, a kitchenette, and partitioned meeting rooms. The ground floor has benefit of the rear loading area, in addition.
The property has 7 parking spaces on the estate, with rear loading area.
Available area
The accommodation comprises of the following
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground | 1,946 | 180.79 | Available |
| 1st | 1,945 | 180.70 | Available |
| Total | 3,891 | 361.49 |
The Location
Unit C5 is situated within Havant a town forming part of the south coast conurbation between Southampton and Portsmouth. Nearby occupiers include Kahrs, IVL Leasing, Compass Contract Hire and Motorent. The property benefits from excellent transport communications with the property in easy access of A27 providing access to the national motorway network. Havant train station is situated 1.7 miles away by car.
Terms
Freehold available at a price of £500,000, subject to the following leases, ground floor let to Bollscar Builders Limited who took a 5 year lease with no break or rent review from March 2023; and the first floor let to Keel Marine Limited on a 10 year lease, with a break and rent review in 2027. The equated rent comes to £37,000 per annum.
Business Rates
Ground floor - £20,000
First Floor - £16,500
Source: VOA
You are advised to make your own enquiries with the local council on these figures and possible fees.
Other Costs
Legal Costs - Each party to be responsible for their own legal costs.
VAT - The property is elected for VAT
