School Close, Chandler's Ford, Eastleigh, Hampshire, SO53

Detached industrial unit with offices and parking for sale on School Lane in Chandlers Ford - please phone us for more details.

Rolwey House comprises a detached industrial unit of steel frame construction with lower brick and upper corrugated cladding elevations under pitched roofs plus a two-storey office block under a flat roof. Amenities within the building include mainly open plan industrial space, 3 phase power, 2 loading doors, low level lighting, gas blowers with downdraft fans, WC facilities plus a works break out area, kitchen and useful storage area.

Good quality offices provide a ground floor reception area plus a range of private & open plan suites over 2 floors. They are well fitted with air conditioning, carpeting throughout, window blinds, suspended ceilings with recessed lighting plus WC and kitchen facilities. A Solar PV 30kw system currently generates up to 30,000 kWh of electricity which can be used by the tenant saving circa £9,000 pa in electricity costs.

Externally the property benefits from a fenced and gated side yard which provides access to the loading doors and some car parking. Additional car parking is located along the front of the building.

SITUATION
Located on School Close which benefits from direct access off School Lane, the primary thoroughfare on the long-established Chandlers Ford Industrial Estate. Chandlers Ford, a prosperous commuter town is located approximately 6 miles to the north of Southampton, a major regional commercial hub and port and 8 miles to the south of Winchester. The premises benefit from excellent transport communications via Junctions 12 & 13 of the M3 less than 2 miles away which provides access to the wider national motorway network. The local train station is approx. 0.7 miles away with Southampton Airport circa 4 miles away by car.

ACCOMMODATION
The property comprises the following Gross Internal Areas:

Ground floor reception, offices & ancillaries 2,342 sq ft
Main Workshop 10,818 sq ft
First floor offices, ancillaries & storage 3,538 sq ft

TOTAL GIA 16,698 sq ft (1551.31 sq m)

TENURE
We are instructed to seek offers in the region of £1,800,000 for the freehold interest, subject to contract and vacant possession, equating to a low capital value of £108 per square foot.

Alternatively, a new lease will be offered on terms by negotiation at a quoting rent of £135,000 plus VAT per annum, exclusive of any other occupational costs. *Subject to covenant strength and overall terms, a rent-free period of 6 months will be considered in Year 1 of a new leasehold agreement.

BUSINESS RATES
Online enquiry via voa.gov.uk identified a rateable value of £127,000 effective from 1 April 2023, suggesting rates payable of just under £70,000.

EPC
D (86) valid until 13 January 2026.

VIEWINGS
Strictly by appointment through the joint agents, through whom all negotiations must be conducted:

Trinity Rose Commercial:

Lambert Smith Hampton:

LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction.

All prices quoted will be subject to VAT provisions.