Verwood Industrial Estate, Verwood, Investment, For Sale

Verwood Industrial Estate

TENURE For Sale

SIZE 81,807 sq ft

GUIDE £ Offers in excess of £4,200,000

Strategically located and prominently situated in Verwood, providing strong road connectivity via the A31 and onwards to M27 and M3 to Bournemouth, Ringwood and the wider South and South East
Comprises 81,807 sq ft GIA across 9 units and occupying substantial 5.37 acre site, representing a low site cover of 35%
Freehold
Majority let to Verplas Ltd on 7 co-terminus leases expiring June 2030, with a local car garage operator occupying one unit, currently holding over
Total passing rent of £387,850 pax, equating to a low £5.04 per sq ft, for the industrial element with an outstanding rent review to Verplas Ltd from 24 June 2025 providing the opportunity for immediate reversion
Opportunity for redevelopment to a variety of alternative uses, subject to planning
We are instructed to seek offers in excess of £4,200,000 (Four Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT
A purchase at this level reflects an attractive Net Initial Yield of 8.67% (assuming purchasers’ costs of 6.25%) and a low capital value of £51 per sq ft overall