£815,000
(£132.09/sq. ft)
Property for sale6 Stakes Hill Road, Waterlooville PO7
6,170 sq. ft
EPC Rating: E
Freehold
About this property
Excellent private investor opportunity
Well-located roadside investment
Let to the very strong covenant of Kwik-Fit (UK) Limited
Initial passing rent £50,000 p.a.
6,170 sq. Ft. On a site of 0.24 acres
Nearby occupiers include Home Bargains, cef, Enterprise Rent-a-Car, Wolseley and Howdens
Freehold
Quoting £815,000 subject to contract and exclusive of VAT
This reflects a net initial yield of 5.75%, assuming purchaser's costs of 5.75%.
Description
The property is of steel truss construction, brick walls under a profile metal clad roof (replaced in the last 10 years). It is served by a roller shutter door to the front elevation. The property has external yard areas and parking to both the front and side of the property. Kwik-Fit have undertaken significant investment into the property during their occupation to establish it as one of their most successful branches. There is a reception / office area to the front incorporating a customer waiting area.
To the side of the workshop, there are additional stores, plus kitchen and WCs.
The forecourt provides three parking spaces directly in front of the centre, with additional parking available to the side, a right of access is provided to the adjacent dentist.
The building extends to a gia 6,170 sq. Ft. (573.2 sq. M.) on a site of 0.24 acres.
Location
The Kwik Fit Centre in Waterlooville is located at 6 Stakes Hill Road, in the heart of the town centre and easily accessible by car. It is situated near the crossroads of Stakes Hill Road and Dukes Walk the modern retail development which includes occupiers such as Pure Gym, Card Factory and Bath Store. It is also in close proximity to the Asda supermarket.
The property is of steel truss construction, brick walls under a profile metal clad roof (replaced in the last 10 years). It is served by a roller shutter door to the front elevation. The property has external yard areas and parking to both the front and side of the property. Kwik-Fit have undertaken significant investment into the property during their occupation to establish it as one of their most successful branches. There is a reception / office area to the front incorporating a customer waiting area.
To the side of the workshop, there are additional stores, plus kitchen and WCs.
The forecourt provides three parking spaces directly in front of the centre, with additional parking available to the side, a right of access is provided to the adjacent dentist.
The building extends to a gia 6,170 sq. Ft. (573.2 sq. M.) on a site of 0.24 acres.
Location
The Kwik Fit Centre in Waterlooville is located at 6 Stakes Hill Road, in the heart of the town centre and easily accessible by car. It is situated near the crossroads of Stakes Hill Road and Dukes Walk the modern retail development which includes occupiers such as Pure Gym, Card Factory and Bath Store. It is also in close proximity to the Asda supermarket.
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