Summary - THE ROOFING CENTRE, MONEYFIELD LANE PO3 5AY
1 bed 1 bath Light Industrial
**Standout Features:**
- **Sizeable Plot:** Approximately 0.7 acres with 5,668 sq ft GIA.
- **Strong Rental Income:** Currently let to SIG Trading Ltd until June 2031, generating a passing rent of £52,350 p.a. and an estimated rental value (ERV) of £65,000 p.a.
- **Future Development Potential:** Identified for residential redevelopment capable of housing 11 dwellings, pending planning approval.
- **Accessible Location:** Just 2 miles from M27/A27, with a mix of residential and commercial surroundings.
Nestled in the vibrant suburb of Copnor, Portsmouth, this substantial light industrial facility presents an exceptional opportunity for investors or developers seeking a strategic property with robust rental income. The site boasts a large open yard and a mix of industrial and office spaces, perfectly positioned for commercial use or future residential development. With easy access to major roadways, including the M27/A27, commuting and logistics are highly feasible.
Currently generating a reliable income through a long-term lease, this property not only offers immediate financial benefits but also promises future potential, with plans for up to 11 residential units within the next decade, as recognized in the council's latest housing assessment. While the area is experiencing some challenges typical of urban settings, it provides a balance of residential charm and commercial viability.
This unique offering is competitively priced at £1,000,000 and presents a rare chance to secure a versatile property with both income and growth potential in an evolving market. Don't miss your opportunity to invest in this promising asset!
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