Three units at an industrial estate in Hampshire have been sold in a hat-trick of deals as the economic recovery gains traction.
Units 12, 13 and 14 were purchased as virtual freeholds, for undisclosed prices, at Bottings Industrial Estate, Botley, near Southampton.
Hughes Ellard and CBRE are joint agents, acting for landlord Max Industrial LLP.
Unit 12, at 656 sq m (7,065 sq ft), went to a self-invested personal pension fund, Unit 13, at 564 sq m (6,070 sq ft), was bought by Solent Precision Engineering and Unit 14, at 585 sq m (6,300 sq ft), was acquired by Seatech Commercial Diving Services.
A further unit, at 562 sq m (6,051 sq ft), is under offer, with a further two units of 463 sq m (4,983 sq ft) and 509 sq m (5,480 sq ft) available to lease.
David McGougan, the industrial space specialist for Hughes Ellard, which has offices in Southampton and Fareham, said: “Deal activity has risen as the economic recovery gains traction, with buyers confident that now is a good time to make commercial property acquisitions.
“Companies sitting on cash are increasingly looking to buy into property because money on deposit generally makes negligible returns in this historic era of ultra-low interest rates.”
Bottings Industrial Estate is located off the A334 and within easy access of Junction 7 of the M27 (within 3 miles) and the M3 at Eastleigh (8 miles).
The estate was built in the 1970s and comprises a total of just under 9,197 sq m (99,000 sq ft) of units arranged in three detached blocks.
