£1,500,000

Industrial for sale

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Under offer
Freehold

£1,500,000

(£53.15/sq. ft)

Industrial for sale

Unit 25A-E, Sunrise Business Park, Higher Shaftesbury Road, Blandford Forum, Dorset DT11

28,224 sq. ft

Local area information

Property location

Nearby amenities

  • Priory Blandford Camhs 1 mile
  • Milldown CofE Academy 1 mile
  • Poole Quay Ferry Landing 13.6 miles
  • Poole Ferry Terminal 13.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Mixed Income Stream Across Five Tenancies
  • Site Area of 1.069 Acres (0.43 ha)
  • Current Rent Roll £131,900 Per Annum
  • All Tenancies Contribute To Estate Common Areas
  • Price Equates Low Capital Value at £53.15 per Sq. Ft.
  • Gross Initial Yield of 8.79%
Description
Location & description

Blandford Forum is a popular Georgian market town located approximately 20 miles northwest of Bournemouth and 25 miles south west of Salisbury.

The town is situated on the crossroads of the A350 Bristol to Poole Road and the A354 Salisbury to Dorchester Road.

This freehold investment opportunity is part of Sunrise Business Park, located on the northwestern fringe of the town with easy access to the by-pass.

The business park plays host to a good mix of trades and professions and an overnight lorry park.

25 a-e Sunrise Business Park is a detached block which consists of 4 self-contained industrial units, 1 self-contained office unit at first floor and two car parking areas which are allocated to the tenanted units.
The site

The site extends to circa 1.069 Acres (0.43 ha). Site coverage of approximately 55%.

Accommodation

Unit 25A
Ground Floor: 453.56 sq m (4,880 sq ft)
Mezzanine Store: 302.96 sq m (3,261 sq ft)
2nd Floor Mezzanine: 132.20 sq m (1,423 sq ft)
Total 888.72 sq m (9,564 sq ft)

Unit 25B
Ground Floor: 464.68 sq m (5,000 sq ft)
Mezzanine: 248.45 sq m (2,673 sq ft)
Total: 713.13 sq m (7,673 sq ft)

Unit 25C
Ground Floor: 436.91 sq m (4,703 sq ft)

Unit 25D
Ground Floor: 402.00 sq m (4,326 sq ft)
Mezzanine: 78.32 sq m (842 sq ft)
Total 480.32 sq m (5,168 sq ft)

Unit 25E
First Floor: 103.59 sq m (1,115 sq ft)

total 2622.67 sq m (28224 sq ft)

Planning

Interested parties are advised to make their own enquiries of the Local Authority for confirmation.

EPC Text

Asset Rating
Unit 25A - D80
Unit 25B - E116
Unit 25C - E118
Unit 25D - E124
Unit 25E - E122

Rating

Rateable Value
Unit 25A - £35,500
Unit 25B - £29,000
Unit 25C - £24,000
Unit 25D - £26,250
Unit 25E - £11,250

Source The 2023/2024 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.

Terms
Tenure

Freehold with the benefit of the subsisting tenancies. (Title Number - DT305309)

Offers sought in the region of £1,500,000 subject to contract and exclusive of VAT.
A purchase at this figure would reflect a gross initial yield of 8.79% and a cost of £53.15 per Sq. Ft.

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.

Floor plans and tours

Tours (1)

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More information

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  1. Zoopla
  2. Commercial for sale
  3. Dorset
  4. Blandford Forum
  5. Higher Shaftesbury Road

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