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35 Willis Way

20,751 SF 76% Leased Industrial Building Poole BH15 3SZ $3,206,630 ($155/SF)

Investment Highlights

  • Site area of 1.23 acres
  • Low Capital Value of £130.88 per sq ft
  • Multi-let industrial estate

Executive Summary

offers in excess of £2,600,000 (Two Million Six Hundered Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.64% (assuming 12 month rent guarantees on Unit 1, 7 and 12 and standard purchaser’s costs of 6.4%) and a Low Capital Value of £130.88 per sq ft.

Property Facts

Price $3,206,630
Price Per SF $155
Sale Type Investment
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.50 AC
Rentable Building Area 20,751 SF
No. Stories 1
Year Built 1991
Clear Ceiling Height 15’7”
No. Drive In / Grade-Level Doors 17

Amenities

  • Security System
  • Automatic Blinds
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground-Ste 1
  • 1,458 SF
  • Office
  • -
  • Now

Available by way of a new full repairing and insuring lease for a negotiable term incorporating periodic upward only, open market rent reviews. Unit 1 is an end of terrace unit of block work inner, brickwork outer construction with steel cladding to the upper elevations. There is a pitched steel clad roof with daylight panels supported upon a steel portal frame and the internal eaves height is approx. 5m. There is a single storey office section with brick elevations and a flat roof with personnel door access. There are ground floor windows in the front and side elevations and loading is by way of an insulated roller shutter door. There are internal refurbishment works underway to include new W.C facilities and a kitchenette. Externally, there are 4 allocated car parking spaces.

  • Ground - 12
  • 2,188 SF
  • Industrial
  • -
  • Now

Available by way of a new full repairing and insuring lease for a negotiable term incorporating periodic upward only, open market rent reviews, subject to a simultaneous surrender of the existing lease.

  • Ground - 7
  • 981 SF
  • Industrial
  • -
  • Now

A brand new steel frame, timber decked mezzanine has been installed alongside new W.C facilities, kitchenette and LED lighting.

  • Mezzanine - 7
  • 388 SF
  • Industrial
  • -
  • Now

A brand new steel frame, timber decked mezzanine has been installed alongside new W.C facilities, kitchenette and LED lighting.

Space Size Space Use Condition Available
Ground-Ste 1 1,458 SF Office - Now
Ground - 12 2,188 SF Industrial - Now
Ground - 7 981 SF Industrial - Now
Mezzanine - 7 388 SF Industrial - Now

Ground-Ste 1

Size
1,458 SF
Space Use
Office
Condition
-
Available
Now

Ground - 12

Size
2,188 SF
Space Use
Industrial
Condition
-
Available
Now

Ground - 7

Size
981 SF
Space Use
Industrial
Condition
-
Available
Now

Mezzanine - 7

Size
388 SF
Space Use
Industrial
Condition
-
Available
Now

Ground-Ste 1

Size 1,458 SF
Space Use Office
Condition -
Available Now

Available by way of a new full repairing and insuring lease for a negotiable term incorporating periodic upward only, open market rent reviews. Unit 1 is an end of terrace unit of block work inner, brickwork outer construction with steel cladding to the upper elevations. There is a pitched steel clad roof with daylight panels supported upon a steel portal frame and the internal eaves height is approx. 5m. There is a single storey office section with brick elevations and a flat roof with personnel door access. There are ground floor windows in the front and side elevations and loading is by way of an insulated roller shutter door. There are internal refurbishment works underway to include new W.C facilities and a kitchenette. Externally, there are 4 allocated car parking spaces.

Ground - 12

Size 2,188 SF
Space Use Industrial
Condition -
Available Now

Available by way of a new full repairing and insuring lease for a negotiable term incorporating periodic upward only, open market rent reviews, subject to a simultaneous surrender of the existing lease.

Ground - 7

Size 981 SF
Space Use Industrial
Condition -
Available Now

A brand new steel frame, timber decked mezzanine has been installed alongside new W.C facilities, kitchenette and LED lighting.

Mezzanine - 7

Size 388 SF
Space Use Industrial
Condition -
Available Now

A brand new steel frame, timber decked mezzanine has been installed alongside new W.C facilities, kitchenette and LED lighting.

  • Listing ID: 33474993

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 35 Willis Way, Poole BH15 3SZ

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