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Under Offer

£265,000

Budds Lane, Romsey, Hampshire, SO51

Land size: 0.08 acres

Key Features

Industrial Unit with Parking
Guide Price £265,000
Total Gross Internal Area 3,587 Sq Ft(333.22 Sq M)
Low Passing Rent £21,500 per annum
Attractive Net Initial Yeld 7.86%
Highly Reversionary

Description

The town of Romsey is situated about 8 miles to the north-west of Southampton via the A27 and within about 2 miles of Junction 2 of the M27 motorway.
The property is situated on the established Budds Lane Industrial Estate on the northern outskirts of the town just off the A3057 Stockbridge Road.
The accommodation is arranged internally to comprise ground floor workshop premises with an office and store partitioned out, and WCs. There is a first-floor mezzanine office area.
There is an internal fire exit into a communal corridor that serves a number of units.
The unit benefits from approximately nine allocated parking spaces.

Workshop - 3,183 Sq Ft (295.69 Sq M)
Mezzanine Offices - 404 Sq Ft (37.53 Sq M)
Total Gross Internal Area - 3,587 Sq Ft (333.22 Sq M)

We believe the current permitted use to be Use Class E and Classes B2 & B8. All parties
are advised to make their own enquiries of the local authority for confirmation.

Asset Rating - E (125)

Rateable Value £22,750
Source

Offers considered in the region of £265,000 subject to contract for the freehold interest
subject to subsisting tenancy.
A purchase at this level will show an attractive net initial yield of 7.86%.

Industrial Investment Opportunity

Industrial Unit with Parking

Guide Price £265,000

Total Gross Internal Area 3,587 Sq Ft
(333.22 Sq M)

Low Passing Rent £21,500 per annum

Attractive Net Initial Yeld 7.86%

Highly Reversionary

The property is let by way of a lease dated 2nd December 2018 for a term of 10 years at
a passing rent of £21,500 per annum, expiring 1st December 2028.
The tenant is Greatbridge Motor Services Limited.
The lease is subject to an open market upward only rent review on 2nd December 2023
and a tenant break, subject to 6 months notice (now passed).
The lease is drawn on full repairing & insuring terms.

Commercial Workshops Industrial

Map Location

Property details

Tenure: Ask Agent
Council Tax Band: Ask Agent
Date Posted: 2026-06-13

Utilities & Restrictions

Utilities

Electricity: Ask Agent
Water: Ask Agent
Heating: Ask Agent
Broadband: Ask Agent
Sewerage: Ask Agent

Rights & Restrictions

Public Rights of Way: Ask Agent
Private Rights of Way: Ask Agent
Listed Property: Ask Agent
Restrictions: Ask Agent

Listed status, conservation areas and planning constraints for this location are in the full report.

Property Features

Accessibility: Ask Agent
Parking: Parking Available
Garden: Ask Agent

Beyond the particulars: planning activity, flood history, heritage and ground risks, checked for this exact spot.

Connectivity

Broadband

Fastest speed available at this postcode

1.8 Gbps

Gigabit full fibre · available to 67% of premises

Suitable for

4K streaming on every screen
Full-time home working
Online gaming & big downloads

Mobile signal

CallsDataEE Good GoodO2 Good GoodThree Good GoodVodafone Good Good

Outdoor predictions; indoor signal depends on building materials.

Ofcom Connected Nations postcode-level predictions. Speeds and signal are modelled, not measured, and vary between addresses and providers.

Signal is the easy part. Planning activity, flood history and protected designations here are in the full report.

Nearest Schools

Primary

Romsey Abbey Church of England Primary School836 metresNo Ofsted rating
Ages
4 to 11
Pupils
201
Type
Voluntary aided school
Faith
Church of England
Romsey Primary School & Nursery0.7 milesOfsted: Good
Ages
3 to 11
Pupils
301
Type
Community school
Cupernham Infant School1 mileOfsted: Good *
Ages
4 to 7
Pupils
246
Type
Community school
Cupernham Junior School1 mileNo Ofsted rating
Ages
7 to 11
Pupils
343
Type
Community school
Halterworth Primary School1.5 milesOfsted: Good
Ages
4 to 11
Pupils
437
Type
Academy converter

Secondary

The Romsey School446 metresNo Ofsted rating
Ages
11 to 16
Pupils
1,176
Type
Academy converter
The Mountbatten School1.7 milesNo Ofsted rating
Ages
11 to 16
Pupils
1,474
Type
Academy converter
Oasis Academy Lord's Hill4.8 milesOfsted: Inadequate
Ages
11 to 16
Pupils
667
Type
Academy sponsor led
Testwood School5 milesNo Ofsted rating
Ages
11 to 16
Pupils
820
Type
Academy converter
Redbridge Community School5.4 milesOfsted: Good
Ages
11 to 16
Pupils
1,106
Type
Foundation school

* Latest graded judgement covers quality of education only; no overall grade was issued under the 2024-25 inspection framework.

Distances are straight-line from the advertised location. Source: the national school registers (DfE, Welsh Government, Scottish Government) and Ofsted.

Schools are just the start: sold prices nearby, planning activity and any flood history are in the full report.

Amenities

Supermarket

Asda Greatbridge Express Petrol, Romsey173 metres

Waitrose Romsey, Romsey904 metres

Cook Romsey, Romsey925 metres

GP surgery

Alma Road Surgery946 metres

Pharmacy

Superdrug Pharmacy989 metres

Hospital

Romsey Hospital0.9 miles

Green space

Public Park Or Garden734 metres

Straight-line distances from the advertised location. Sources: NHS records, Geolytix supermarket locations, OS Open Greenspace and the national trails registers.

The area stacks up? Now check the location itself: planning nearby, protected designations and past flooding.

Getting Around

Nearest station

Romsey Rail Station809 metres

Nearest bus stop

Fishlake Meadows204 metres

Typical drive times

Romsey3 min · 0.8 miles

Totton13 min · 7.1 miles

Eastleigh17 min · 11 miles

Southampton (city)18 min · 9.4 miles

Straight-line distances from the advertised location; drive times are typical free-flow times over OpenStreetMap road data, so allow more at peak. Public transport locations from DfT NaPTAN.

Easy to reach matters. So do planning activity, flood history and ground risks: all in the full report.

Flood Risk

From Environment Agency flood map open data, checked around the advertised map pin and allowing for the listed acreage where known. This summary comes from LandSale, the advertising platform, not from the listing agent, and is not part of the agent's particulars. Risk can vary across a single holding, so verify anything critical through your own searches before committing.

Rivers and the sea

Flood Zone 1Lower risk

Surface water

Outside the mapped risk bandsVery low risk

The detail behind these bandings

The full report pinpoints where this location sits on the flood maps, and runs the deeper checks that usually only surface after an offer.

Exact flood zones & annual chances (included in the full report)
Any recorded past flooding (included in the full report)
Planning activity nearby (included in the full report)
Heritage & conservation (included in the full report)
Protected nature designations (included in the full report)
Ground risks (included in the full report)
Sold prices nearby (included in the full report)

£14.99 · one-off purchase

By LandSale, the platform. Not provided by the listing agent. Ready in about a minute.

Important notice: Information, maps and tags on this page are drawn from the advertising agent's marketing materials or generated automatically. LandSale has not verified them. Relying on these details is at your own risk, always carry out independent checks before committing to a purchase.