Industrial Unit To Let, Waterlooville

34,408 Sq Ft Gia Detached Industrial Building With 135 Car Spaces. 2.46 Acre Site With Low Site Coverage Of 32%. Let To Thomas Sanderson Ltd Until 28 February 2026 Subject To A Break Option In March 2021 (with 12 Months Notice And 12 Months Rent Penalty). Rent Review In March 2021. Fri Terms Limited By Schedule Of Condition. Strong Tenant Covenant - Experian Credit Rating Score Of 100. Leasehold Interest Held From Havant Borough Council At £10,000 Pa With 96 Years Unexpired. Gross Rent: £265,000 Pa. Net Rent (less Ground Rent): £255,000 Pa. Reversionary To £8.50 Psf - £292,500 Pa. Offers Invited In Excess Of £3,300,000 (three Million Three Hundred Thousand Pounds) Subject To Contract And Exclusive Of Vat. Net Initial Yield Of 7.3% And A Reversionary Yield Of 7.9% After Purchaser's Costs Of 6.17%, And A Low Capital Value Of £96 Psf.