Summary - TROIKA EASTLEIGH PROPERTIES LTD, GATEWAY HOUSE, TOLLGATE SO53 3TG
1 bed 1 bath Commercial Development
- 7.72% gross initial yield at current rent of £33,600 pa
- New 10-year lease from 02/07/2025 (expires 01/07/2035)
- Tenant-only break at 02/07/2030 subject to £8,400 penalty
- Strong tenant covenant (CreditSafe score 95, Int'l score A)
- Modern fit: LED lighting, air conditioning, raised access flooring
- Nine on-site car parking spaces; more rentable from park
- Leasehold concern: short remaining term may deter lenders
- Very slow broadband speeds reported
A rare freehold-style commercial opportunity in Tollgate Business Park, offered with a secure income stream from a longstanding tenant. The modern three-storey office provides predominantly open-plan accommodation across c.2,793 sq ft, fitted with LED lighting, air conditioning, raised access flooring and nine on-site parking spaces.
The property is let to Unilink Software Limited on a new 10-year lease from 2 July 2025, producing £33,600 pa (a 7.72% gross initial yield). The tenant has a strong covenant (CreditSafe score 95, International score A). The lease is full repairing and insuring, with an upwards-only rent review and a tenant-only break on 2 July 2030 subject to an £8,400 penalty.
Buyers should note material lease considerations: only ten years remain from 2025 and there is an early break option in 2030. Shorter lease length may limit mortgageability—some lenders could refuse finance. The building suits companies seeking practical, low-maintenance office space in a well-connected suburban business park rather than occupiers needing amenity-rich grounds.
Overall this is a pragmatic investment for an investor targeting straightforward occupational demand from SMEs requiring motorway links and managed business park facilities. Condition and internal specification should be inspected; further lease documentation and confirmation of additional rentable parking are recommended prior to offer.
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