Elettra Avenue - Unit 19-20, Waterlooville, HAM

The property comprises two 1980’s constructed, self contained two storey business units which have been combined to provide a double unit.

The property is of steel portal framed construction with brick and clad elevations with inset glazed units formed under an insulated pitched roof.
Stratfield Park is a popular and established development of business units on Elettra Avenue just off Silverthorne Way.

Sale Notes:
The investment opportunity comprises a self contained business unit which has been made open plan to provide a double unit, benefitting from air conditioning, carpeting, suspended ceilings and CAT II lighting. The unit is well let to Eurotech Fire Systems Ltd for an unexpired term of 10 years at a passing rent of £52,500 per annum.
The property is available freehold at £499,000, reflecting a net initial yield of 9.92%, subject to purchasers costs at 4.75%.
The property is let to Eurotech Fire Systems Ltd for a term of 10 years from 24th June 2011 on an FRI lease at a passing rent of £52,500 per annum. There is a tenant only break option on 24th June 2016, subject to 6 months prior written notice, and an upward only rent review at 24th June 2016. The lease is subject to a photographic schedule of condition. The tenants have lodged a deposit of £13,290. The property is elected for VAT.