Warehouse for sale
Property description & features
- Tenure: Freehold
- Site extends to c. 21.8 acres.
- The site is currently producing an income of £248,082.02 from 3 tenants.
- Rare opportunity to acquire a strategically located site with direct access onto A303.
- 77% of income secured from Veolia ES Hampshire Ltd with a pre tax profit of c.£50m.
- The site is designated as a ‘STRATEGIC EMPLOYMENT SITE’ in the Local Plan.
- Opportunity for further development (STPP).
- Located approximately 4 miles distant from Andover.
- Direct accessibility west/east on to A303
HAREWOOD FOREST INDUSTRIAL ESTATE PRESENTS AN OPPORTUNITY TO ACQUIRE A WELL-LOCATED SITE WITH A CURRENT INCOME STREAM AND POTENTIAL FURTHER DEVELOPMENT OPPORTUNITIES.
The estate has a central green with three privately owned residential properties to the north with surrounding land
comprising a mixture of trees, scrub and former factory footings and to the south, and an industrial area comprising the following:
Veolia Unit:
A modern purpose-built waste transfer station constructed in 1997 with a gross internal area of 839.19 sq m (9,033 sq ft) and 18.58 sq m (200 sq ft) of office accommodation with an enclosed compound / yard of 1,997.42 sq m (21,500 sq ft).
Unit 3 and 6:
These units are of steel frame construction with pitched roofs, concrete floors and loading doors. Externally the units benefit from parking and loading areas. Unit 6 has an internal eaves height of approx. 5m. The units could be fenced and gated to provide secure yards. The temporary office is a tenants fixture and is on land that is rented as part of the tenancy.
Speedwell:
A tenanted two-bedroom bungalow, held on a protected tenancy which will require full refurbishment in due course.
Land:
There are various areas of land which have been previously developed and could potentially be redeveloped, subject to planning. There are also various derelict and unoccupied buildings which could offer additional developable areas.
Location
Harewood Forest Industrial Estate is a well-established business park located near Andover, Hampshire. The estate is strategically positioned just off the A303, a major arterial road that connects the area to key destinations such as London and M3 (to the east), the West Country, and the M3 motorway, which links the region with Southampton, Portsmouth, and the wider south coast. This accessibility makes it an attractive base for businesses involved in logistics, manufacturing, distribution, and other industrial sectors.
The site is located in Longparish and is accessed via the A303. It can be accessed from either carriageway via a bridge and the A303 junction with the A34 is approximately 4 miles distant with junction 8 of the M3 approximately 15 miles distant.
The estate is close to the town of Andover, which provides additional services and amenities, including retail, financial services, and hospitality options. Andover’s railway station offers direct rail links to London Waterloo, Salisbury, and Exeter. Additionally, the town is well served by public transport.
Viewings
Inspections are by appointment only and can be arranged by contacting a member of the Vail Williams
team.
Asset Management Opportunities
• Re gear lease with AMF Engineering
• Refurbish Units 3 and 6 to improve EPC and rents
• Further development of site (STPP)
• Create secure open storage yards (STPP)
• Build purpose built facility for AMF Engineering (STTP)
Data Room
Data room access is available on request via Vail Williams.
Historic phase 1 and phase 2 ground condition assessments are available within the data room.
Proposal
Guide Price - £4,500,000 (Four Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
Offers are invited on an unconditional basis only.
Our client intends to transfer the asset to a new SPV and the preference is to sell the SPV entity.
Tenure
The Property is held under two Freehold Land Registry Titles, HP641616 and HP705781
Planning
Harewood Forest Industrial Estate is located in Test Valley Bough Council and is an existing employment site which is identified in the adopted Local Plan and proposed to be taken forward into the Emerging Local Plan 2040.
The site is designated as a ‘Strategic employment Site’ in the Local Plan. The site comprises previously
developed land in its entirety and has a number of different permitted uses.
The site is located in Flood Zone 1 and therefore at low risk of flooding. There are no listed buildings
within the site.
There is a S106 which restricts a small part of the site for storage of materials and products, a car park and open storage of materials and equipment, a copy of the S106 is available in the data room.
Property information from this agent
Places of interest
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