Portsmouth MOT Centre, Alchorne Place
Portsmouth, PO3 5QLThe Space
Well Located & Secure Industrial Investment
At a glance
| Property Type | Industrial / Investment / Motortrade / Warehouse |
| Tenure | For Sale |
| Size | 1,823 sq ft |
| Price | £250,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as D (82) |
Hilsea
7 mins
Cosham
27 mins
Fratton
41 mins
Portsmouth and Southsea
46 mins
Reading
850 mins
Twyford
884 mins
Tadworth
927 mins
Tattenham Corner
939 mins
Key Points
- Detached Building
- Yard Space
- 9 Years Unexpired Term
- Rent Review Due November 2026
- ERV: £25,000 per annum
Description
The property is a detached industrial building providing office, reception, workshop space which includes 2 car lifts, a run up ramp and break roller. There are approximately 4 parking spaces to the front and a further 3 to the rear.
The building benefits from having a roller shutter loading door to the front and rear of the building.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit | 1,823 | 169.36 | Available |
| Total | 1,823 | 169.36 |
The Location
The property is located within Alchorne Place one of Portsmouth's principle industrial estates to the north of Portsea Island. The estate has good transport links to the Eastern Road (A2030), which has direct links to the A27 and M27 motorways.
Alchorne Place is accessed via Quartremaine Road immediatley opposite this junction is Bolde Close. The property is located towards the southwest corner of Alchorne Place in a prominent position at its junction with Quartremaine Road.
Terms
The long leasehold interest is available at a price of £250,000 subject to the current lease to Kevin Marshall & James Bartholomew Trading as Portsmouth MOT Centre on a 15 year lease from 17th November 2020 upto and excluding 16th November 2035 at a current passing rent of £21,500 per annum. The building is held on the balance of a long leasehold interest for a term of 125 years from 6th November 1979 leaving approximatley 78 years remaining. The current ground rent is £2,795 per annum.
Business Rates
Rateable Value £17,250
You are advised to make your own enquiries to the local authority in this regard.
Other Costs
Legal Costs - Each party to pay their own costs incurred in the transaction.
VAT - Unless stated otherwise all cost and prices are exclusive of VAT.
