* Office investment
**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.

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