{"loaderData":{"0-6":{"propertyListing":{"building":{"id":"756213034336736","summary":"FREEHOLD COMMERCIAL INVESTMENT FOR SALE Tenant has been in occupancy since 2008 UK Entity that is part of a large, multi-national company Passing rent £84,000 pax, rising to £93,000 pax at year 6 To Be Sold with new 10-year FRI lease Extensive solar panels generating income","archived":false,"description":"TENURE

The property is available to purchase freehold subject to and with the benefit of a new lease.

OCCUPATIONAL LEASE

New 10-year Full Repairing and Insuring lease.

Commencing rent of £84,000 per annum, rising to £93,000 per annum at year 6.

Tenant break option at year 3 although with penalty equivalent to two year's rent payable to landlord. Rolling annual breaks thereafter.

The tenant, Denis Wick Products Limited, have been in occupation since 2008 and manufactures mutes and mouthpieces for brass instruments.

Denis Wick Products are a UK Entity and form part of Music Centre S.R.L., a large multinational music company based in Italy with subsidiaries in the USA, Canada, the UK, and Europe.

Music Centre S.R.L turnover is ?13m, EBITDA ?3.2m, and Net Asset Value is ?46m (accounts available on request).

PRICE

£950,000, exclusive of VAT (Although we would expect this to be sold as a T.O.G.C.) representing a gross yield of 8.8% rising to 9.8% at year 6

LOCATION

Dawkins Road Industrial Estate occupies a well-established commercial position in Hamworthy, just 1.5 miles from Poole town centre and close to the Port of Poole.
The estate enjoys excellent connectivity via Blandford Road (A350), linking quickly to the A35 for access across Dorset and onward to Bournemouth, Southampton and the national motorway network.

EPC -

C-66
","disclaimer":{"raw":"Disclaimer - Property reference 19dawkins. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by J.M. WATTS COMMERCIAL PROPERTY LIMITED, Poole. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["New 10 Year FRI Lease to a Multi-National Tenant","Commening Rent of £84,000 per annum, rising to £93,000 per annum","Undergoing Refurbishment","Extensive Solar Panels Generating Income For Tenant","Business on Site Since 2008"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":950000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":["B2","B8","E"],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":0,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":0,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/040dbb123/756213034336736/040dbb123d200137815ade10b2567fee.pdf","description":""}],"photos":[{"uri":"property-photo/624c0ebb7/756213034336736/624c0ebb7c2af28f32175725c993b4d7.jpeg","description":""},{"uri":"property-photo/e92730473/756213034336736/e92730473c0174a3010fd8771e4ad554.png","description":""},{"uri":"property-photo/d486eb549/756213034336736/d486eb5498d45b60fc5a54829ec0c7f7.jpeg","description":""},{"uri":"property-photo/f41347b50/756213034336736/f41347b5003130293d5805d20c1e8cf1.jpeg","description":""},{"uri":"property-photo/9342e2b5b/756213034336736/9342e2b5ba1880e3e009105e424eeb88.jpeg","description":""},{"uri":"property-photo/a4ff55e0d/756213034336736/a4ff55e0dc326f7c1fc174bf1216f874.jpeg","description":""},{"uri":"property-photo/eefae7940/756213034336736/eefae7940675b4de3fdb78ec575c9410.jpeg","description":""},{"uri":"property-photo/c0ce28187/756213034336736/c0ce28187582b23549e239e2fee2b06a.jpeg","description":""},{"uri":"property-photo/a155c9983/756213034336736/a155c9983aa7760621976211a95e1a44.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":"SQFT","size":12400,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"19-20 Dawkins Road, Poole, Dorset, BH15","showMap":true,"postcode":{"incode":"4JY","outcode":"BH15"},"streetView":{"latitude":50.721069,"longitude":-2.019825,"heading":30.87015,"pitch":-0.43987,"zoom":1,"showStreetView":true},"latitude":50.72257,"longitude":-2.01934},"nearestStations":[{"distance":0.162591116876808,"name":"Hamworthy Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":1.609787192971881,"name":"Poole Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.701866129977491,"name":"Holton Heath Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"J.M. WATTS COMMERCIAL PROPERTY LIMITED, Poole","email":null,"profileUrl":"/estate-agents/agent/Watts-Holt/Poole-126898.html","logo":"/partner-logo/15729400-LOGO-1765976706.png","id":126898,"description":"

We are an agency and consultancy based on the South Coast with years of experience in all aspects of commercial property.

We are able to provide advice on lettings and sales of all commercial property, including shops, offices, industrial units and land throughout Poole, Bournemouth and beyond.

Our extensive market knowledge and prompt approach to matters has earned us the reputation as one of the most active agencies in the area.

Our client base ranges from multi-national property corporations to the smallest investor looking to maximise the value of their portfolio.

","telephoneNumber":"01202 145343","morePropertiesFromAgentUrl":"/commercial-property-for-sale/find/Watts-Holt/Poole.html?locationIdentifier=BRANCH%5E126898&propertyStatus=all&includeLetAgreed=true&_includeLetAgreed=on","primaryBrandColour":null}],"owner":{"description":null,"name":null},"primaryPropertyClassification":{"propertyClassificationSubType":"INDUSTRIAL_PARK","propertyClassificationType":"INDUSTRIAL_AND_LOGISTICS","offices":null,"industrialAndLogistics":{"driveInBays":0,"clearHeightUnit":"FT","clearHeight":null,"dockLevellers":0,"floorLoadingCapacityKiloNewtons":null,"powerSupplyKiloVoltAmperes":null,"yardDepthMetres":null},"leisureAndHospitality":null,"retail":null},"secondaryPropertyClassifications":[],"letType":null,"letContractLength":null,"status":"SOLD_STC","availableDate":null,"serviceCharge":null,"businessRates":null,"isRentAllInclusive":null,"products":{"commercialSearchProminenceEnabled":false,"featuredProperty":false,"premiumListing":false,"premiumListingLabel":null},"auction":false,"spaces":[]}}}},"actionData":null,"errors":null}