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Titchfield Lane, Fareham, PO17 5NZ

Offers in Excess of
£2,350,000

Business rates & charges may apply

CBRE Southampton, CBRE Southampton
SIZE

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SECTOR

Light industrial facility for sale

USE CLASSUse class orders: B1 Business, B2 General Industrial, B8 Storage and Distribution and Class E

B1, B2, B8, E

Key features

  • Freehold Investment
  • Sale and Leaseback
  • New 10 year FRI Lease
  • Annual rent of £200,000
  • 5 yearly reviews to higher of RPI or Open Market
  • Net Initial Yield of 8% (assuming PC of 6.35%)

Description

The property is offered on a freehold basis subject to a leaseback to MetOcean Telematics (UK) Ltd. MetOcean is a leader in the satellite communications industry providing complete end to end telematics services, with a focus on niche MetOcean solutions and custom defence and security products. The business operates internationally with its headquarters in Nova Scotia, Canada and
offices in the United States and United Kingdom. The UK entity was incorporated in 2017
and has enjoyed strong growth since.

The lease is to be a new 10 year lease granted inside the Landlord and Tenant Act 1954 at an initial rent of £200,000 per annum exclusive. Further details of the proposed lease are available upon request.

Energy Performance Certificates

EPC 1

Brochures

Titchfield Lane, Fareham, PO17 5NZ

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Botley Station2.7 miles
  • Swanwick Station3.3 miles
  • Fareham Station3.5 miles

About CBRE Southampton, CBRE Southampton

Savannah House Ocean Way, Ocean Village, Southampton, SO14 3TJ

Notes

These notes are private, only you can see them.

Disclaimer - Property reference MetOcean. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CBRE Southampton, CBRE Southampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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