Unit 2 Abbas Business Centre, Main Road, Itchen Abbas, SO21 1BQ

  • Industrial / Investment / Development
  • 4,748 sq ft
  • For Sale
Unit 2 Abbas Business Centre, Itchen Abbas, Industrial / Investment / Development For Sale - Picture13AbbasBC.jpg
Unit 2 Abbas Business Centre, Itchen Abbas, Industrial / Investment / Development For Sale - Picture5AbbasBC.jpg
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Unit 2 Abbas Business Centre, Itchen Abbas, Industrial / Investment / Development For Sale - Picture8AbbasBC.jpg
Unit 2 Abbas Business Centre, Itchen Abbas, Industrial / Investment / Development For Sale - Picture9AbbasBC.jpg
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Unit 2 Abbas Business Centre, Itchen Abbas, Industrial / Investment / Development For Sale - Picture12AbbasBC.jpg
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Unit 2 Abbas Business Centre, Itchen Abbas, Industrial / Investment / Development For Sale - Picture17AbbasBC.jpg
Property Type Industrial / Investment / Development
Tenure For Sale
Size 4,748 sq ft
Price £570,000
Business Rates £19,100 per annum
Rateable Value £38,250
Energy Performance Rating This property has been graded as C (57)

Freehold Industrial Investment

Key Features

  • Rare freehold opportunity
  • SIPP / private investor purchase
  • Let to HILS at £40,000 per annum exclusive
  • Lease expiry October 2033
  • Modern business unit
  • No VAT payable

Description

The property comprises a mid-terrace business unit of steel frame construction with lower brick / block and upper clad elevations under a pitched roof incorporating translucent light panels. The premises provide a ground floor workshop with ancillary office, kitchenette and WC facilities plus a range of office accommodation on the 1st floor. Amenities include a gas fired blower heater with down draft fans, up and over loading door 5.8 m wide x 4.1 m high, a maximum 6m to ridge, security and fire alarm systems, high bay lighting plus 3 phase power supply. The 1st floor offices are divided into 3 suites with carpeting throughout, suspended ceilings incorporating fluorescent strip lighting, double glazing and gas fired heating to radiators. There is septic tank drainage plus mains water, gas and electricity. Externally, there is private parking to the front and rear of the premises.

Available area

The accommodation comprises the following gross internal areas:

Name sq ft sq m Availability
Ground - Workshop, Office and Ancillaries 3,907 362.97 Available
1st - Floor 841 78.13 Available
Total 4,748 441.10

Location

Unit 2 forms part the Abbas Business Centre which is located on the B3047 directly behind Itchen Abbas Village Hall. The site is well connected with Winchester City Centre approximately 4 miles to the west and the market town of Alresford approximately 3.5 miles to the east. The business centre benefits from strong transport links offering easy access to Junction 9 of the M3 motorway circa 4.6 miles to the west and the A31 circa 2.7 miles to the east. There is a regular bus service running from Winchester City Centre to Alresford via Itchen Abbas with the bus stop near the entrance to the development. Neighbouring occupiers include Jensons Service, Omnimed, Millgrove Construction and The Great Shutter Company.

Viewings

Strictly by appointment through the sole agent.

Investment Summary

Hertfordshire Community Meals Ltd trading as Health & Independent Living Support (HILS) hold a 10-year full repairing and insuring lease from October 2023. The lease is subject to a Schedule of Condition and is drawn outside the Security of Tenure provisions of the Landlord & Tenant Act 1954 part II (as amended). Tenant only breaks are incorporated in October 2026 and 2028 with a rent review in October 2028. The landlord holds a £10,000 deposit with a current passing rent of £40,000 per annum exclusive and no VAT payable. The tenant will shortly be constructing new kitchen facilities in the unit which shows their commitment to the property.

HILS Covenant

In 2007, Hertfordshire County Council supported the establishment of Hertfordshire Community Meals (HCM) as an independent, not for profit organisation to deliver meals on wheels across the county.

The organisation began in 2007 with one site in Letchworth, 2 vehicles and a team of volunteers delivering meals in the north Hertfordshire district. By 2013 the remaining 9 Hertfordshire districts had transferred their clients to HCM and 4 sites were established across the county in Hemel Hempstead, Letchworth, St. Albans and Hertford. They still trade from these 4 locations.

In April 2015 HCM began operating as Hertfordshire Independent Living Service (HILS) with the name change reflecting that the company did far more than deliver meals. HILS was now offering a range of services to help keep people healthy, happy and independent.

In a bid to increase their impact and reach a wider clientele, in recent years HILS have established meal services in new areas. In October 2022 HILS began delivering meals across West Sussex on behalf of West Sussex County Council as well as taking on clients in Bedfordshire. Following the expansion into these two counties, in October 2023, they took on the meals on wheels service in Hampshire.

To ensure that the name truly represented what they did, in October 2023, the name was changed to Health and Independent Living Support (HILS).