Business description

This is the proposed sale of a Property Company which owns a single commercial premises in Hampshire. The premises are a business centre, fully tenanted and yielding around £80,000+ of gross income from 7 tenants, all commercial businesses on short-term licences.

The property sits in around 0.35acre and the building is circa. 8,500 sq. ft. in total.

The company shares are offered for disposal at offers on £600,000.

The company has a mortgage of around £450k outstanding and a loan from the shareholders circa.£90k.

The property is valued at £1.1m. There is further potential to develop and extend the property for greater yield. It is also quite possible that the property would be granted planning permission for residential development.

Please enquire for further details, plans and figures.

Property information

Property:

Freehold

Location:

Excellent location - about 15 minutes from either the M3 or M4 motorways.

Size in square feet:

8,500

Other information

Planning consent:

Existing light commercial. Possibility of residential consent for apartments.