BH16 Upton Industrial Estate, 32 Factory Road, Poole

The property comprises a detached industrial/warehouse property of steel frame construction with brick and clad elevations under a pitched steel roof. The property occupies a site area of approx. 0.385 hectares (0.95 acres) and has 32 parking spaces together with circulation and yard areas.

Internally the building contains a two-storey office section fitted with gas fired heating, suspended ceilings with LED and Category 2 lighting, air-conditioning and carpeting. The full height industrial/warehouse behind has a min. eaves height of 6 metres and full height loading access at both ends of the building with electric up and over doors. There is a 1000 KVA transformer providing 1400 amps to the property.

Freehold sale. Let to Hydreco Hydraulics Ltd on a 5 year lease expiring on 24 December 2028 at a passing rent of £152,235 per annum exclusive. New 5 year reversionary lease agreed from 25 December 2028 at a rent of £167,450 per annum exclusive.

We are instructed to seek offers in excess of £2,500,000 (Two Million Five Hundred Thousand Pounds), subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 5.72% after allowing for purchaser's costs of 6.38% rising to a reversionary yield of 6.3%.

The property is situated on Factory Road on the popular Upton Industrial Estate which is an established commercial in Poole.

Upton Industrial Estate benefits from excellent road connectivity and strong business infrastructure. Situated off the A35 dual-carriageway, the estate provides good access to Poole, Bournemouth, and the wider area, supporting efficient distribution and commuter travel.

Upton Industrial Estate is home to several large employers including Aerotech, Europlacer, Field Engineering, Refina T&H Marketing Ltd, Tarlu and Sunseeker.

Transport Links:

Roads - A35, A350 and A3049 leading to A31

Airport - Bournemouth Airport is approx. 11 miles away

Port - Port of Poole is approx. 3 miles away