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Longmead Industrial Estate
TENURE
For Sale
SIZE
6.32 Acres
GUIDE £
Offers in excess of £1,840,000
- Strategically located in Shaftesbury, providing strong road connectivity to nearby commercial centres via the A30 and A350
- Comprises 16 separate parcels of land, occupying substantial 6.32-acre (2.56 hectare) site
- Freehold
- Leased to 15 tenants with a WAULT of 93.5 years, with 13 of these leases having an attractive WAULT of 64.2 years, providing the opportunity to engage with tenants on lease restructuring and other asset management initiatives
- Producing £97,630 per annum, equating to a low rent of £0.36 per sq ft and £15,453 per acre with immediate opportunity to trigger two outstanding rent reviews
- Potential to agree a surrender or restructuring lease on 5 parcels, all of which are currently unoccupied
- We are instructed to seek offers in excess of £1,840,000 (One Million Eight Hundred and Forty Thousand Pounds) subject to contract and exclusive of VAT (assuming purchasers’ costs of 7.23%)
- A purchase at this level reflects a Net Initial Yield of 5.00%, with significant reversionary potential and a low capital value of £291,140 per acre.
Longmead Industrial Estate, Longmead, Shaftesbury, SP7 8PJ
Contact
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