Offers in region of
£550,000
(£93.09/sq. ft)
Office for saleAmplevine House, Dukes Road, Southampton SO14
5,908 sq. ft
EPC Rating: C
Freehold
About this property
Well located office close to M27 & rail network
Fully networked
Secure modern building
Open plan offices over three floors
Secure parking
Let to Hobby House Models (Amplevine House) Ltd with a lease expiring 2030
Description
The property is a detached three storey office building benefiting from ample allocated parking.
The subject office is self contained over three floors, which benefits from being predominantly open plan with a kitchen area on each floor along with WCs and wash hand basins. There is also parking to the front of the building and secure parking at the rear.
Location
The subject property overlooks Thomas Lewis Way and is accessed via Dukes Road which in turn leads to Empress Road. Empress Road leads to Thomas Lewis Way (A335) which leads south towards the centre of Southampton and north towards the M27motorway network. Junction 5 of the M27 is 2.5 miles to the north with bus, rail and air travel all within the same distance.
Terms
Available for sale at a price of £550,000.00, subject to a 5 year Fri lease to Hobby House Models (Amplevine House) Ltd at a passing rent of £52,500 pa. The lease expires 17th September 2030 and has a tenant only break option on 17th September 2027. At the current quoting price this represents a gross yield of 9.55%.
Specifications
Air conditioned
Gas central heating
Cat 5 network cabling
Kitchen x 3
WC and wash hand basin
Suspended ceilings
Cat 2 lighting
Parking 28 spaces
Business Rates
Rateable value:
Ground Floor £33,500 First Floor £36,250 Second Floor £16,500
You are advised to confirm the rates payable with the local council before making a commitment.
Other Costs
A service charge is payable to cover costs such as maintenance and repair of common parts, landscaping & management fees, additionally building insurance is also payable.
Each party to be responsible for their own legal costs incurred in the transaction.
Unless stated, all prices are quoted exclusive of VAT.
The property is a detached three storey office building benefiting from ample allocated parking.
The subject office is self contained over three floors, which benefits from being predominantly open plan with a kitchen area on each floor along with WCs and wash hand basins. There is also parking to the front of the building and secure parking at the rear.
Location
The subject property overlooks Thomas Lewis Way and is accessed via Dukes Road which in turn leads to Empress Road. Empress Road leads to Thomas Lewis Way (A335) which leads south towards the centre of Southampton and north towards the M27motorway network. Junction 5 of the M27 is 2.5 miles to the north with bus, rail and air travel all within the same distance.
Terms
Available for sale at a price of £550,000.00, subject to a 5 year Fri lease to Hobby House Models (Amplevine House) Ltd at a passing rent of £52,500 pa. The lease expires 17th September 2030 and has a tenant only break option on 17th September 2027. At the current quoting price this represents a gross yield of 9.55%.
Specifications
Air conditioned
Gas central heating
Cat 5 network cabling
Kitchen x 3
WC and wash hand basin
Suspended ceilings
Cat 2 lighting
Parking 28 spaces
Business Rates
Rateable value:
Ground Floor £33,500 First Floor £36,250 Second Floor £16,500
You are advised to confirm the rates payable with the local council before making a commitment.
Other Costs
A service charge is payable to cover costs such as maintenance and repair of common parts, landscaping & management fees, additionally building insurance is also payable.
Each party to be responsible for their own legal costs incurred in the transaction.
Unless stated, all prices are quoted exclusive of VAT.
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Monthly repayment
£2,751 per month
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