Property Price: £190,000

College Close Industrial Estate, Sandown, Isle of Wight, PO36 8EB

Property Ref: sandown

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Property Class: B8 - Storage & Distribution


Property Type: Investment


Property Features:

  • VAT Exempt
  • 5 Yearly Rent reviews
  • 15 Year Lease
  • Let to Travis Perkins (Properties) Ltd
  • Freehold trade counter investment

Service Charge: POA


Insurance: POA


Business Rates Payable: POA


Area Floorspace: 2689 Square Foot (sq²)

Location Sandown lies on the south east coast of the Isle of Wight about 9 miles southeast of Fishborne and 14 miles southeast of Cowes, both of which provide a car ferry service to the mainland at Portsmouth and Southampton respectively. The town can be accessed via the A3055.
College Close industrial estate is an established commercial area to the north of the town centre with occupiers including Toyota, Hyundai, Seat and Build Centre. The building is situated on the east side of college Close.
Description
A semi detached single storey building providing a ground floor trade counter unit with mezzanine storage totalling about 2689 sqft. Externally there is a secure yard and parking
Lease Information
Tenant: Travis Perkins Properties Ltd ( for the year ending 31 December 2007, the tenant reported a turnover of £49.88 Million a pre-tax profit of £28.21 million and shareholder’s funds of £151.85 million (Source ICC)
Reviews: Every 5 years from commencement
Term: 15 Years from 31.07.2007
Type: Full repairing and insuring lease
Rent: £11,460 per annum

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