A portfolio of small industrial investments in the South has been sold by commercial property consultancy Vail Williams LLP on behalf of a pension fund.
Four separate warehouses were acquired by Ankers & Rawlings, a family-owned and run property developer near Ferndown in East Dorset, for £757,000.
Russell Miller, a partner working out of Vail Williams’ Solent region office in Southampton, acted for the vendor, a pension fund.
Unit 17, Liberty Close, Woolsbridge Industrial Park, Verwood, Dorset, a 2,116 sq ft property let at £14,250 per annum, sold for £200,000. Net yield: 6.96%.
A 1,770 sq ft building on the same park, at Unit 2, Victory Park, let at £10,500 per annum, was purchased for £165,000. Net yield: 6.24%.
Let a £15,500 per annum, 2,223 sq ft Unit A3, 25 Haviland Road, Ferndown Industrial Estate, Ferndown, near Verwood, sold for £237,000. Net yield: 6.38%.
An acquisition of a 1,122 sq ft warehouse at Unit 3, Phoenix Park, Chickenhall Lane, Eastleigh, near Southampton, which is let at £11,630 per annum, saw change of ownership at £155,000. Net yield: 6.38%.
Russell said: “We were instructed by a pension scheme client to dispose of various industrial units across Dorset and Hampshire. Through our in-depth market knowledge, we sourced a buyer in Ankers & Rawlings, a residential and commercial property developer of more than 40 years’ standing.”
