Unit 2-6, Stone Lane Industrial Estate 4 Properties Offered at $2,601,825 CAD in Wimborne

Seeking offers in the region of £1,400,000, subject to contract and exclusive of VAT, reflecting a gross initial yield of 9% when fully let. A purchase at this level reflects £66.50 per sq.ft (disregarding mezzanines).
The property is held freehold. There are understood to be two separate titles forming the interest to be sold. The current access road is un-registered.
The subject site is a self-contained section of the Stone Lane industrial Estate, which in total extends to circa 4 acres. The site was developed in the 60’s and 70’s and is understood to have originally been a brickworks. Units 2, 3, 3a, 4, 5 & 6 are situated at the northern end of the estate road behind a secure gated entrance. The site has a good level of external space and future asset management opportunities. The site extends to circa 1.47 acres.
Wimborne Minster is a popular and affluent Dorset market town. The town is situated just off the A31 with excellent road connections to nearby Ferndown, Bournemouth/Poole, and Blandford Forum.The site is accessed via St Margaret's Hill, B3082 from Blandford or B3078 from Wimborne.
Unit 2 - Vacant
Estimated Rental Value £40,000 per annum, exclusive
Units 3/3A
Let by way of a lease to MRF Parts Ltd (Co. No 13319708)
Term 6 years from 9th of February 2024 reserving a current rent of £22,500 per annum. The lease is excluded from the security of tenure provisions of the LTA 1954, part II.
Open market rent review at 3rd anniversary.
All three directors of MRF Parts Ltd stand as personal guarantors to the lease. A three month rent deposit is held by the Landlord.
Unit 4
Lease renewal yet to be concluded to TG Welding Limited (Co. No 02676155)
Term 6 years from the date of the lease (agreed but yet to be concluded) reserving a rent of £18,500 per annum. The lease is excluded from the security of tenure provisions of the LTA 1954, part II. The lease is subject to a schedule of condition and a break clause / rent review at 3rd anniversary.
Unit 5
Let by way of a lease dated 29th April 2022 to Benchmarque Designs Limited (Co.No. 03603084) and Mr M. P. Batchell.
Term six years from 10th May 2020, expiring 9th May 2026 reserving a current rent of £18,500 per annum, subject to upward only open market rent review May 2023. The lease is excluded from the security of tenure provisions of the LTA 1954, Part II.
The lease provides a mutual break on 10th May 2023 subject to 6 months' notice.
Unit 6
Let by way of a lease dated 10 October 2023 to Mackenzie Motors Limited (Co. No. 11244239).
Term 5 years from 1st September 2023, reserving a current rent of £26,400 per annum. A three month rent deposit is held by the Landlord.. A Mrs Fiona Kusel stands as guarantor.
Total Income reserved £125,900 per annum.