12–13 Balena Close comprises a substantial detached industrial property extending to approximately 18,333 sq ft and occupying a self-contained site on the established Creekmoor Industrial Estate. The accommodation comprises approximately 10,667 sq ft at ground floor, 1,367 sq ft of mezzanine accommodation, 5,167 sq ft at first floor and 1,132 sq ft of additional external buildings.
The property is currently occupied as a specialist metal finishing and electroplating facility and provides a combination of ground-floor production accommodation, mezzanine and first-floor areas, together with ancillary offices, storage and staff facilities.
Importantly, the property has benefited from significant investment in recent years. The former asbestos roof and cladding have been removed and replaced with modern insulated composite cladding, substantially improving the external envelope of the building.
The premises have been extensively fitted to meet the requirements of the existing occupier, including specialist production equipment and environmental control systems associated with its operations.
The property was well presented at the time of our inspection and the established industrial operation is professionally managed, with extensive environmental controls and procedures in place.
Externally, the property benefits from good vehicular access, loading facilities and on-site parking, with additional unrestricted parking available on the surrounding estate roads.
TENANT/COVENANT
Twickenham Plating Group (TPG) is a long-established specialist technical plating business, established in 1947.
The Poole facility has an exceptionally long history of metal finishing operations, with Pender Plating Ltd originally commencing operations from the Balena Close site in June 1947. The business was subsequently acquired by TPG in approximately 1967 and the site has remained in continuous specialist use since that time.
TPG provides specialist technical plating services from its Poole facility to customers across a wide range of industries worldwide. Components processed by the company are used across a diverse range of sectors including electronics, telecommunications, space, aerospace, military and automotive industries.
The Poole facility employs approximately 55 people and benefits from a highly skilled and established local workforce, with some employees having worked for the business for more than 40 years.
Significant investment continues to be made in the facility. During 2025, investment was undertaken in the site's effluent control system, including the installation of two Lamella clarifier plants. Further investment is currently being made, with new plating equipment being installed within a new first-floor production area.
The specialist nature of the operation is further demonstrated by the site's effluent discharge agreement with Wessex Water, which is integral to the operation of the business from the property.
TPG was acquired by Roxbi Capital in August 2026, backed by a group of investors including Istria Capital, Orca Equity Partners and Vonzeo Capital.
The continued capital investment, specialist infrastructure and established skilled workforce underline the long-established nature of TPG's operations at the Poole facility.
Further financial and covenant information is available from the agents upon request.
TENURE
The property is available to purchase freehold, subject to and with the benefit of the existing occupational lease to Twickenham Plating Limited.
OCCUPATIONAL LEASE
• New 10-year Full Repairing and Insuring lease to Twickenham Plating Limited.
• Passing rent of £130,000 per annum exclusive.
• Upwards-only open market rent review in 2031.
• Tenant break option at the fifth anniversary, subject to six months' prior written notice and the conditions contained within the lease.
• The lease is contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954.
• The lease incorporates an initial 12-month rent-free period. In the event of a sale prior to expiry of the rent-free period, the vendor will provide a rent top-up from completion to the rent commencement date.
PRICE
£1,850,000 exclusive of VAT, reflecting a gross initial yield of 7%. It is anticipated that the transaction will be treated as a Transfer of a Going Concern (TOGC), subject to the usual conditions.
LOCATION
The property is situated on Balena Close within the established Creekmoor Industrial Estate, one of Poole’s principal industrial and employment areas.
Creekmoor is strategically located to the north of Poole, with convenient access to the A350, which provides connections towards Poole town centre and the A35, and onwards to the wider Bournemouth, Christchurch and Poole conurbation and regional road network.
The estate is a well-established commercial location accommodating a broad mix of manufacturing, engineering, distribution and trade occupiers. Balena Close itself is predominantly industrial in character and provides good vehicular access, with the property also benefiting from unrestricted on-street parking in the immediate vicinity
EPC
B (40)
PLANNING
We understand that the property benefits from planning consent for Class B2 (General Industrial) use.
FINANCE ACT 1989
Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.
MONEY LAUNDERING REGULATIONS
Under Money Laundering Regulations, we are obliged to verify the identity of a proposed buyer prior to instructing solicitors.
This is to help combat fraud and money laundering, and the requirements are contained in statute.
