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14-16 Queensway 19,189 sq ft Industrial Property New Milton BH25 5NN £995,000 (£51.85/sq ft) 9.56% Net Initial Yield
Investment Highlights
- Freehold single let industrial investment
- Attractive NIY of 9.56%
- Established south coast industrial location (New Milton, Hampshire)
Executive Summary
The property comprises a freehold, single let industrial investment located on the established Stem Lane Industrial Estate in New Milton. The asset is let in its entirety to Peter Cooper Limited on a 10-year FRI lease from 30 September 2017, with the tenant break option removed in 2023, demonstrating strong tenant commitment. The current passing rent of £95,150 per annum reflects a Net Initial Yield of 9.04% at the guide price, offering an attractive income return secured against a long-established occupier that has traded from the property since 1997. The building benefits from a low capital value of £82 per sq ft and is constructed on a generous site with parking and yard areas, making it a robust industrial investment opportunity.
Property Facts
| Price | £995,000 | Costar Property Class | B |
| Price per sq ft | £51.85 | Total Plot Size | 0.63 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 19,189 sq ft |
| Yield | 9.56% | No. Floors | 2 |
| Tenure | Freehold | Year Built | 1988 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse |
| Price | £995,000 |
| Price per sq ft | £51.85 |
| Sale Type | Investment |
| Yield | 9.56% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 0.63 ac |
| Net Internal Area (NIA) | 19,189 sq ft |
| No. Floors | 2 |
| Year Built | 1988 |
| Tenancy | Single |
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