Modern Office Investment at Unit 3, Pullman Business Park, Pullman Way, Ringwood, BH24 1HD

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Reference: SGC/6417
Property Type: Investment
Property Term: For Sale long leasehold
Contract: For Sale
Size: 2,258ft2
Price: £415,000

LOCATION

Ringwood is a most attractive Hampshire market town located on the western edge of the New Forest National Park.

It is approximately 12 miles to the north of the Bournemouth / Poole / Christchurch conurbation, 17 miles south of Salisbury and 22 miles west of Southampton.  Ringwood enjoys excellent road communication being on the main A31 which provides dual carriageway access to the M27 / M3 motorway networks and beyond.

Bournemouth International Airport is approximately 7 miles away.

Pullman Business Park is an attractive development of 9 purpose built office buildings and national occupiers.

The Business Park is approximately 1km from Ringwood  Town Centre with its good mix of established local and national retailers and cafes / restaurants.

DESCRIPTION

Unit 3 is an end terrace two-storey office building of traditional brick construction under a pitched tiled roof.

Specification includes: -

* Fitted carpets
* Suspended ceilings
* Gas central heating
* Air conditioning
* Male, female and disabled cloakrooms

ACCOMMODATION

Ground Floor               1,244 sq ft

First Floor                    1,014 sq ft

Total net floor area    2,258 sq ft 

PARKING

The unit has the benefit of 10 allocated on-site car parking spaces and shared use of cycle storage.

LEASE

The property is let on a 5 year full repairing and insuring lease from 4th April 2023 at a current rent of £34,786.87 per annum exclusive, subject to annual rent reviews linked to the all items RPI ,capped at 5%.

There is a tenant only break clause at the end of the 3rd year upon 6 months prior written notice.

The tenant

Data Base Factory UK Ltd (Co. No. 04014542) trading as Comdata.

Comdata currently also occupy the two other office buildings in the terrace.

TENURE

The property is offered on a 999 year ground lease from 2004 at a peppercorn rent.


PRICE

£415,000 +VAT

VAT

All figures quoted are exclusive of VAT, if applicable.

ENERGY PERFORMANCE CERTIFICATE 

Assessment – Band B
The full EPC and recommendations report are available on request. 
 

50.840425, -3.3193984

Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.