* Leasehold
**Key Points**
* Modern Industrial Unit
* Secure Investment
* Let for a 21 Year Term
* Current Tenant been in Occupation over 20 years
* Centrally Located within Portsmouth City Centre
**Description**
The subject property is a end of terrace, self contained modern industrial
unit of portal framed construction under a corrugated asbestos sheet roof. The
exterior of the building is brick & block construction up to first floor level
and over clad thereafter.
Internally the building benefits from a mezzanine floor covering approximately
half the building which is fitted out as offices and the ground floor is a
workshop with trade counter and reception areas.
**Location**
Situated in the heart of Portsmouth on Durham Street which is within a quarter
of a mile of Portsmouth City Centre and within close proximity of the main
Portsmouth & Southsea Railway Station, Civic Offices and other town centre
uses.
The M27 and A27 Southcoast trunk routes link upto the A3M and M3 is a short
distance to the north.
Durham Street is accessed off Station Street.
**Terms**
The building is held on the balance of a 999 year long leasehold arrangement
from September 1998 at a rent of £1 per annum, if demanded, from a lease dated
6th October 1998. The property is to have a new lease granted to 19 Computing
UK Ltd (Company Reg No. 05756440) for a term of 21 years on a full repairing
lease with 3 yearly, upward only, open market rent reviews, tenant only break
options at the 5th, 10th and 15th year of the term. The passing rent will be
£22, 700 per annum. Quoting price is £325, 000. 00
**Specifications**
* LED Lighting
* Roof Lights
* Manual Roller Shutter Door (3. 59m w x 4. 14m h)
* Minimum Eaves Height 4. 76m
* Power Floated Concrete Floor
* Central Heating
* Small Kitchenette
* Forecourt Parking and Loading Area
**Other Matters**
Legal Costs - Each party to be responsible for their own costs incurred in the
transaction.
VAT - unless stated otherwise all costs are exclusive of VAT

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