Construction

Go Goadsby! Flurry of deals with MD reporting increased activity in all its sectors after Budget

The former Southernprint site which has now been successfully sold/let in its entirety by Goadsby.

By Staff Reporter [email protected]

Published: March 14, 2021 | Updated: 27th October 2023

Commercial property agent Goadsby is celebrating a strong first quarter with a flurry of deals across Dorset.

They include the sale or letting of the former Southernprint site on the Upton Industrial Estate.

It was offered in four separate transactions for a combined quoted price of more than £3.8m plus VAT.

The final unit – 19 Factory Road – is a 12,576 sq ft semi-detached industrial warehouse with 2,978 sq ft of offices over two floors.

The quoting price was £600,000 plus VAT.

The sales included 17 Factory Road for a quoting price of £1.8m and 21 Factory Road (£1.4m).

Two earlier lettings at 15 Factory Road totalled 21,251 sq ft with a quoting rental of £112,500 pax.

Chris Wilson, Director, pictured left, said: “We have now sold/let all of the units that Southernprint previously occupied and which total an impressive 123,145 sq ft.

“It is pleasing that all four properties have quickly been sold/let to expanding warehouse companies and which almost certainly will create new jobs.”

Other deals recently handled by Goadsby Commercial include:

  • Sale of Units 17, 18 and 19 Benson Road, Nuffield Industrial Estate, Poole in an off-market transaction.

The industrial units each range from 712-757 sq ft with a total of 2,216 sq ft plus mezzanines.

Unit 17 was sold with vacant possession and Units 18 and 19 were sold as income producing investments.

The purchaser has already organised a letting of Unit 17.

Bryony Solan, of Goadsby Business Space, said: “We were delighted to have completed the sale of these three units on behalf of a longstanding client and reach a satisfactory outcome for all parties.

“Demand remains high for small freehold industrial units in Poole and the surrounding areas, which was demonstrated in this off-market transaction.”

  • Letting of Unit 13, West Howe Industrial Estate, Bournemouth – on behalf of Pears Property – to Hope for Food, a Bournemouth-based charity providing basic life essentials on a day to day basis to people in need of help.

The 2,804 sq ft unit has a large forecourt for car parking.

Hope for Food is an existing tenant on the industrial estate, operating from two 730 sq ft units.

But the charity, founded in 2012, needed a larger warehouse under one roof to meet a growing demand.

Goadsby’s Bryony Solan, pictured right, said: “It was important for Hope for Food to stay on the estate as they have established themselves within the community there.

“We wish them all the best with their expansion.”

Goadsby are now marketing Units 7 & 8 West Howe Industrial Estate which are 733 sq ft each and the rent is £8,950 per annum exclusive per unit.

  • Letting of Unit 13, Axis 31, Woolsbridge Industrial Estate, Three Legged Cross, on behalf of a private investor.

The new 979 sq ft mid-terrace industrial/warehouse premises has a quoting rent of £13,000 per annum exclusive, equating to £13.28 per sq ft.

Ben Duly, Goadsby Business Space, said: “New Forest Sawmill were delighted to secure this unit in order to aid their expansion of their warehouse/showroom for live edged timber products.”

Units 8 and 9 are now under offer and Goadsby is also marketing Units 4 and 5 which range from 1,351 sq ft to 2,390 sq ft and benefit from a high specification first floor offices.

Goadsby is shortly bringing to market a number of units available to let in Phase 2.

  • Letting of Unit 5C, Jaguar Point Business Park, Mannings Heath Road, Poole, on behalf of a private client.

The modern industrial/warehouse premises extend to approximately 770 sq ft with a quoting rent of £11,500 per annum exclusive.

Goadsby’s Ben Duly said the letting had been agreed within two days of marketing.

Goadsby is also marketing Unit 5B Jaguar Point Business Park which extends to approximately 1,546 sq ft.

The quoting rent is £19,500 per annum exclusive.

The latest deals come as Goadsby received four Estate Gazette awards for the South West in the UK’s Most Active Agents rankings for 2020.

They are calculated by the volume of lettings and sales transacted during 2020.

The property sectors and rankings were:

  • Industrial – Second
  • Retail – Second
  • Investments – Third
  • Office – Fifth

Chris Wilson, Director and Head of Commercial Agency, said: “We are delighted to have been the only agent to be ranked in four out of five categories for the South West.

“Significant is the increase in the number of our investment transactions.

“Our agency teams in Bournemouth and Winchester worked tirelessly during a very challenging 2020 and are now working hard to replace stock.

“We have some great opportunities to offer the market during 2021 and we have seen both rental and price growth in certain sectors where there is now a shortage of supply.”

Paul Stewart, pictured right, Managing Director, Goadsby Commercial, said: “For some months the commercial property market has literally been in lockdown with less viewings and deals taking place compared to the previous 12 month.

“This trend is perfectly understandable in a pandemic.

“However , since the government’s roadmap for exiting lockdown was published , the Budget announcement confirming continued business support through grants, business rates relief , VAT deferral arrangements, plus the near miracle standard vaccination roll-out, we have seen increased activity in all sectors of the commercial property market .

“There have been increased viewings for letting shops, offices, industrial units, but – without doubt – freehold premises of any kind remain hugely popular with both occupiers and investors who gain little by having cash in the bank.

“We had six viewings in a day of a vacant freehold shop in Old Christchurch Road this week.

“We all know confidence is a fundamental consideration when making business decisions.

“We anticipate the optimism will continue to grow just as the sun begins to shine.”

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