Watling Real Estate has been instructed to sell a substantial warehouse premises in Yeovil, Somerset, previously occupied by Silverline Tools.
The freehold warehouse of 118,982 sq ft, occupies a large 5.63-acre site at Boundary Way, Lufton Trading Estate, and is on the market with a guide price of £5 million.
The property is being sold on behalf of the joint administrators of Group Silverline Ltd and Toolstream Ltd, Hywel Phillips and Gavin Park of Teneo Financial Advisory.
Chris Davies, director in Watling’s Bristol office said “The property is a modern high-specification distribution premises, providing an immediate turnkey facility for an occupier.
The site also includes valuable expansion land and a self-contained office premises, providing flexibility and future growth opportunity for a purchaser.
Davies added: “The guide price reflects £42 per sq ft, which is substantially below the cost to develop a comparable facility.
“This, coupled with the fact that the supply of immediately available warehouse accommodation on a freehold basis within the southwest region remains extremely suppressed, is likely to result in strong interest for the property. We would encourage any local businesses who have an active property requirement to reach out.”
