Guide price
£450,000
(£250.00/sq. ft)
Office for saleLeigh Road, Eastleigh SO50
From 1,800 - 2,210 sq. ft
Just added
About this property
Location:
This prominent detached building is located at the junction of Leigh Road with Chamberlayne Road, a short distance from Eastleigh town centre for both national and local retailers and the main-line railway station.
Access to the M.27 (Junction 5) is within a mile, allowing quick and easy access to Eastleigh Parkway station (Waterloo – 65 minutes) and Southampton Airport for national and continental destinations, plus all parts of the Solent region and further afield via the M.3 and the national
motorway network.
Description:
This well maintained two storeys building was built during the Inter-War years and is occupied by an established firm of Funeral Directors.
The accommodation is approached via a front porch directly from Leigh Road for access to several well-proportioned rooms being for both meetings, private offices and kitchenettes on the ground and first floors. There is access to the side for 5/6 car parking spaces and the double garage used for ancillary purposes.
Floor areas:
First floor: 940 square feet / 33.44 sq m
Ground floor: 860 square feet / 79.89 sq m
Garage / ancillary: 410 square feet / 38.09 sq m
Total 2,210 square feet / 205.31 square metres.
Areas measured in accordance with RICS Code of Practice on a gross internal basis.
Tenure:
Freehold, subject to the following lease terms:
Lease:
The lease was granted to Funeral Partners Limited (Company No: 06276941) for a term of 10 years on an Fri basis from 28 th April 2025. There is no provision for a tenant's lease break option.
Rent:
£32,000 per annum payable monthly in advance (no VAT), subject to a rent review at the end of the fifth year (April 2029).
Tenants background:
Funeral Partners Limited is an established firm of funeral directors founded in 2007, now having 290
branches nationwide, and being the third largest in the UK.
Funeral Partners had a turnover of £79.26 million to the year ending September 2024 and a profit of
£7.62 million.
Investment sale:
The Vendors would consider an offer in the region of £450,000 (four hundred and fifty thousand
pounds), subject to contract, for the benefit of their freehold interest. VAT will not be added to the sale
price.
An offer at this level will reflect an attractive Nett Initial Yield of 6.81%.
Rates:
According to enquiries of The Valuation Office, the Rateable Value (rv) for the entire building is £27,000. The payable figure for the year from April 2026 will be £10,314, according to our calculations (0.382 payable in the £).
Viewing:
Strictly by prior appointment with the vendor's sole agents, Newton Scott Commercial Property Agents Ltd. Tel:
This prominent detached building is located at the junction of Leigh Road with Chamberlayne Road, a short distance from Eastleigh town centre for both national and local retailers and the main-line railway station.
Access to the M.27 (Junction 5) is within a mile, allowing quick and easy access to Eastleigh Parkway station (Waterloo – 65 minutes) and Southampton Airport for national and continental destinations, plus all parts of the Solent region and further afield via the M.3 and the national
motorway network.
Description:
This well maintained two storeys building was built during the Inter-War years and is occupied by an established firm of Funeral Directors.
The accommodation is approached via a front porch directly from Leigh Road for access to several well-proportioned rooms being for both meetings, private offices and kitchenettes on the ground and first floors. There is access to the side for 5/6 car parking spaces and the double garage used for ancillary purposes.
Floor areas:
First floor: 940 square feet / 33.44 sq m
Ground floor: 860 square feet / 79.89 sq m
Garage / ancillary: 410 square feet / 38.09 sq m
Total 2,210 square feet / 205.31 square metres.
Areas measured in accordance with RICS Code of Practice on a gross internal basis.
Tenure:
Freehold, subject to the following lease terms:
Lease:
The lease was granted to Funeral Partners Limited (Company No: 06276941) for a term of 10 years on an Fri basis from 28 th April 2025. There is no provision for a tenant's lease break option.
Rent:
£32,000 per annum payable monthly in advance (no VAT), subject to a rent review at the end of the fifth year (April 2029).
Tenants background:
Funeral Partners Limited is an established firm of funeral directors founded in 2007, now having 290
branches nationwide, and being the third largest in the UK.
Funeral Partners had a turnover of £79.26 million to the year ending September 2024 and a profit of
£7.62 million.
Investment sale:
The Vendors would consider an offer in the region of £450,000 (four hundred and fifty thousand
pounds), subject to contract, for the benefit of their freehold interest. VAT will not be added to the sale
price.
An offer at this level will reflect an attractive Nett Initial Yield of 6.81%.
Rates:
According to enquiries of The Valuation Office, the Rateable Value (rv) for the entire building is £27,000. The payable figure for the year from April 2026 will be £10,314, according to our calculations (0.382 payable in the £).
Viewing:
Strictly by prior appointment with the vendor's sole agents, Newton Scott Commercial Property Agents Ltd. Tel:
Mortgage calculator
Monthly repayment
£2,251 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}