The 30,270 sq ft property was originally designed as four industrial units with 7.5m eaves, but these are now integrated into a single unit. Constructed in 1974 of steel and concrete frame with brick walls to a height of 2.25m with metal cladding to the upper walls and roofs. To the front there is a two storey office and also a two storey extension from 1995 to the rear. In 2010 the tenant converted the building to an ambulance station and HART (Hazard Area Response Team) unit. The offices and existing facilities have been improved to provide staff facilities, stores, meeting and training rooms.
The site is level and rectangular in shape with a total site area of 1.16 acres equating to a site coverage of 62%. There is parking for 35-40 cars.
Woodside Road is on the Boyatt Wood Industrial Estate a short distance north west of Eastleigh town centre. The estate is 1 mile from junction 13 of the M3 and close to the M27, 5 miles north of Southampton and 7 miles south of Winchester.
Let to South Central Ambulance Service NHS Trust until 2030 with a break at 2025.
Tenure: 999 year lease with a ground rent of £2.00 per annum.
Structure
The property was part of the Sapphire Portfolio (Part). See ‘Sapphire Portfolio (Part)’ section for further details.
Asset Management/Value-Add
Proposal to remove lease break clause and resolve dispute regarding works carried out by previous manager/loan sponsor under negotiation at time of Sapphire Portfolio sale.
