Substantial industrial premises sold in New Milton

Goadsby and Vail Williams have, on behalf of Molecular Devices, sold a 42,235 sq ft industrial/warehouse building on Stem Lane Industrial Estate, New Milton. The purchase price was £2.25M plus VAT, the internal eaves height is 5.5 metres and the property is detached with 16,000 sq ft of high quality offices.

Chris Wilson, Director Goadsby commented “The purchaser is an expanding local occupier and was represented by Simon Martel of Warwick Martel. This company had been looking for suitable premises along the central south coast for some time and finally decided on New Milton since they currently have existing premises close by.”