Units 4A, 4B & 5B Blacknest Industrial Estate, Blacknest, Alton, GU34 4PX

Summary

Blacknest Industrial Estate comprises a multi-let industrial estate offering well specified industrial accommodation with ancillary office space. The available accommodation comprises 4 units providing trade, warehouse and industrial accommodation accessed via a central, shared, estate road. The units are of steel frame construction with part brick and part steel profile sheet cladding. The units benefit from a clear eaves height ranging from 4.5 – 6.5 meters and a full height loading door to each, with one unit providing office accommodation at ground and first floor level. Each unit benefits from generous loading and car parking areas.

Key Points

Tenancy

Units 4A and 4B are currently let to Motorlink Distribution Limited on two 6 year leases until June 2029, which both have a tenant only break option in June 2026, and a review to open market rent in December 2025, producing a passing rent of £186,063 per annum reflecting an average rent of £9.18 per sq ft. Unit 4A (office) and Unit 5B are let to Lumber Eco-Tec Limited on two new 10 year leases with tenant only break options after the end of the fifth year, at a combined rent of £50,000 pa reflecting a rent of £11.09 psf for the warehouse element.

Proposal

Offers are sought in the region of £3,000,000 for the freehold interest, subject to contract. A purchase at this level reflects a net initial yield of 7.40% and a low capital value of £117 per sq ft, assuming purchasers costs of 6.45%.

Location