• Broker Andy Gibbs 4401256840777
  • Broker Russell Ware 1256840777

3 Main Rd 4,748 SF Industrial Condo Unit Offered at $767,391 in Itchen Abbas SO21 1BQ

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INVESTMENT HIGHLIGHTS

  • Strong transport links via access to M£ motorway
  • t. Neighbouring occupiers include Jensons Service, Omnimed, Millgrove Construction and The Great Shutter Company
  • Regualr bus service running from Winchester City Centre

EXECUTIVE SUMMARY

Unit 2 forms part the Abbas Business Centre which is located on the B3047 directly behind Itchen Abbas Village Hall. The site is well connected with Winchester City Centre approximately 4 miles to the west and the market town of Alresford approximately 3.5 miles to the east.

ATTACHMENTS

Brochure Apr 25

PROPERTY FACTS

Total Building Size 25,276 SF
Property Type Flex (Condo)
Property Subtype Light Manufacturing
Building Class B
Floors 2
Typical Floor Size 3,129 SF
Year Built 1990
Lot Size 0.54 AC
Parking Ratio 0.91/1,000 SF

AMENITIES

  • Security System
  • Accent Lighting
  • Energy Performance Rating - C
  • Automatic Blinds
  • Storage Space
  • Air Conditioning

UTILITIES

  • Gas
  • Water
  • Heating - Electric

1 UNIT AVAILABLE

Unit Unit 2

Unit Size 4,748 SF
Price $767,391
Price Per SF $161.62
Condo Use Industrial
Sale Type Investment
Tenure Freehold
Cap Rate 7.02%
NOI $53,852.00
DESCRIPTION

The property comprises a mid-terrace business unit of steel frame construction with lower brick / block and upper clad elevations under a pitched roof incorporating translucent light panels. The premises provide a ground floor workshop with ancillary office, kitchenette and WC facilities plus a range of office accommodation on the 1st floor.

SALE NOTES

Hertfordshire Community Meals Ltd trading as Health & Independent Living Support (HILS) hold a 10-year full repairing and insuring lease from October 2023. The lease is subject to a Schedule of Condition and is drawn outside the Security of Tenure provisions of the Landlord & Tenant Act 1954 part II (as amended). Tenant only breaks are incorporated in October 2026 and 2028 with a rent review in October 2028. The landlord holds a £10,000 deposit with a current passing rent of £40,000 per annum exclusive and no VAT payable. The tenant will shortly be constructing new kitchen Unit 2 Abbas Business Centre, Main Road, Itchen Abbas, SO21 1BQ facilities in the unit which shows their commitment to the property.

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  • Brochure Apr 25

LINKS

  • bdt Listing

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  • Listing ID: 34026799

  • Date on Market: 11/28/2024

  • Last Updated: 5/14/2025

  • Address: 3 Main Rd, Itchen Abbas SO21 1BQ

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