Vail Williams to manage Poole trade park after multimillion-pound sale
Alder Hills Trade Park in Barter Road, Poole has been acquired by a private property company in a deal advised by Vail Williams.
The 1.7-acre site, which comprises five units collecting a combined rental income of £240,000 per annum, was marketed freehold on behalf of the private owner at £3.95 million.
Occupiers are Micheldever Tyre Services, Toolstation, Natural Stone & Timber and SIG Trading.
Ben Duly, associate at Vail Williams’ Bournemouth office, said: “Single-owned trade parks and industrial estates are rarely available to buy freehold in the region.
“We introduced the opportunity to our client and were then instructed to acquire this fully let trading park in a prime location in the BCP conurbation, with respected commercial tenants on long-term leases.
“Vail Williams has also been appointed by the new owner as the trade park’s managing agent.
“The purchase price is undisclosed. Attractions of the acquisition include not only the robust tenants and weighted average unexpired lease term to expiry of seven years, but also the excellent rental growth prospects.”
Built in 2002, Alder Hills Trade Park features two detached buildings with fenced and gated yards, as well as a terrace of three units extending to almost 24,400 sq ft.
Ellis Jones Solicitors in Wimborne and Goadsby in Bournemouth acted for the vendor in the deal.
Lester Aldridge in Southampton acted alongside Vail Williams for the buyer.
