Crosshouse Rd
3,823 SF Industrial Condo Unit Offered at $747,278 CAD in Southampton SO14 5GZ
INVESTMENT HIGHLIGHTS
- 9 Car parking spaces
- Well connected with bus and rail
- Secure gated yard
EXECUTIVE SUMMARY
The property is situated at The Crosshouse Centre, accessed via Crosshouse Road. The property is within approximately 100m of the River Itchen and situated in a predominantly industrial area of Southampton but also close to Ocean Village, which comprises a mixed retail, office, residential and leisure scheme.
PROPERTY FACTS
| Price | $747,278 CAD |
| Unit Size | 3,823 SF |
| No. Units | 1 |
| Total Building Size | 18,821 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 9,443 SF |
| Year Built | 1982 |
| Lot Size | 8.03 AC |
| Parking Ratio | 1.59/1,000 SF |
1 UNIT AVAILABLE
Unit 5
| Unit Size | 3,823 SF |
| Price | $747,278 CAD |
| Price Per SF | $195.47 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.50% |
| NOI | $56,045.88 CAD |
DESCRIPTION
The property is an end of terrace light industrial unit, of corrugated pressed
steel clad and blockwork elevations with the steel sheeting continuing
across the roof, and is arranged as an office and workshop with ancillary
facilities and 9 allocated car parking spaces. The ground floor comprises
office space, a workshop, kitchenette, WCs and various ancillary cupboards.
On the first floor there is a large mezzanine, further office space, storage
and WCs. The unit is accessed via a 4m wide up and over door for vehicular
access with a minimum head height of approximately 2m.
SALE NOTES
Long leasehold - 125 years from 11 November 1988, expiring 10 November
2113 (approx 92 years unexpired), at a peppercorn rent
AMENITIES
- Fenced Lot
- Security System
- Signage
- Automatic Blinds
- Storage Space
UTILITIES
- Lighting
- Heating - Gas
