Unit 4 & 5 Blacknest Industrial Estate, Nr Farnham, GU34 4PX
25,619 Sq Ft / Other / Investment
For Sale
- £3,100,000.00
Available - Last updated: 22 March 2024
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. One unit provides office accommodation at ground and first floor level. Each unit benefits from generous loading and car parking areas.
Key Points
Multi-let industrial estate situated to the south of FarnhamFreeholdThe property comprises 4 units totalling 25,619 sq ft (2,380 sq m)Site area of 1.52 acres (0.61 ha) providing a low site coverage of 39%Total passing rent of £186,063 per annum (£9.18 per sq ft) with two vacant units totalling 5,345 sq ft
Tenancy
Units 4A and 5B are currently let to Motorlink Distribution Limited on two separate 6 year leases until June 2029 with 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.
Proposal
Offers are sought in the region of £3,350,000 for the freehold interest, subject to contract. A purchase at this level reflects a low capital value of £131 per sq ft.
Location
Blacknest is located approximately 5 miles (8 km) southwest of Farnham, 5.7 miles (9.2 km) east of Alton and approximately 14.3 miles (23 km) southwest of Guildford. The location benefits from excellent communications and infrastructure serving the South Coast and Central London via the M3, located 9.2 miles (14.8 km) north. Blacknest benefits from regular rail services from Bentley to London Waterloo in approximately 1 hour or Farnham to London Waterloo in 53 minutes. Heathrow Airport (LHR) is located 32.6 miles (52.4 km) north of Blacknest Industrial Estate.
Blacknest Industrial Estate is situated directly on Blacknest Road and is within easy access of the A31 Guildford to Winchester Road. The A3 is accessible to the east, and M3 is accessible to the west. The immediate surrounding area is comprised of predominantly industrial and office accommodation, along with some residential properties, with a golf and country club located close by.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£3,100,000.00
| NA |
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