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4400 Parkway - The Belfry

1,983 SF Office Unit Offered at £450,000 in Fareham PO15 7FJ

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Property Facts

Price	£450,000	Building Class	B
Unit Size	1,983 SF	Number of Floors	2
No. Units	1	Typical Floor Size	4,476 SF
Total Building Size	8,953 SF	Year Built	2003
Property Type	Office (Unit)	Parking Ratio	0.44/1,000 SF
Sale Type	Investment

Price	£450,000
Unit Size	1,983 SF
No. Units	1
Total Building Size	8,953 SF
Property Type	Office (Unit)
Sale Type	Investment
Building Class	B
Number of Floors	2
Typical Floor Size	4,476 SF
Year Built	2003
Parking Ratio	0.44/1,000 SF

1 Unit Available

Unit 3

Unit Size	1,983 SF	Tenure	Freehold
Price	£450,000	Net Initial Yield	7.58%
Price Per SF	£226.93	NOI	£34,110
Unit Use	Office	No. Parking Spaces	8
Sale Type	Investment

Unit Size	1,983 SF
Price	£450,000
Price Per SF	£226.93
Unit Use	Office
Sale Type	Investment
Tenure	Freehold
Net Initial Yield	7.58%
NOI	£34,110
No. Parking Spaces	8

Description

Open plan offce accommodation
Ground and first foor WCs
Gas ?red central heatng
Full access raised foor
Suspended ceilings with Cat II lighting
8 allocated parking spaces (one in tandem)

Sale Notes

Prime investment opportunity with the property is let to Giganet from 17th November 2022 for a term of 5 years at a rent of £36,000 per annum exclusive. There is a tenant only break clause on 17th November 2025. Giganet have been in occupation for over 15 years.

Open plan offce accommodation
Ground and first foor WCs
Gas ?red central heatng
Full access raised foor
Suspended ceilings with Cat II lighting
8 allocated parking spaces (one in tandem)