14 Faraday Business Park, Spitfire Way, Lee-on-the-Solent, PO13

The subject property consists of a self-contained detached industrial/warehouse unit of steel portal fame construction surmounted by a pitched profile metal clad roof and profile steel cladding to the elevations. The front elevation features 2 electric up & over loading doors to the right, 45 m (H) x 4 m (W). The remainder of the front elevation is made up of cladding and glazing to both the ground and first floor of the office space.
Externally to the front elevation is a dedicated yard and loading area, which has the ability to be secure by erecting a perimeter fence and gate.
To the side of the property is a secure allocated parking, 14 car parking spaces (1 accessible) and Motorcycle provision.

Internally, there is a reception lobby on the ground floor, with access to WC’s and shower. A stairwell provides access to the first-floor offices which also benefit from WC’s and kitchen. The office space is fully open plan. The offices space benefits from VRF heating and cooling, suspended ceiling with LED lighting, carpet and permitter trunking.

The warehouse area is fully open plan and provides a clear span, benefitting from LED lighting.

Location
Faraday Business Park comprises 4 Grade A high specification units located approximately 4 miles from Junction 11 of the M27 just to the south of the well-established Speedfields Park in Fareham. Major road investment is benefiting the location including the recently upgraded Newgate Lane and Stubbington Lane Bypass to Junction 9, M27.

VAT
We understand the property is registered for VAT.

Legal costs
Each party to be responsible for their own legal costs.

AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.

Long-leasehold interest terms
The long-leasehold interest is available to purchase at £2,450,000. The lease term is 'virtual freehold' which is 999 years from 7th July 2022, providing just under 995 years remaining at a peppercorn rent (if demanded).