The freehold property, which totals 30,747 sq ft, was constructed in the early to mid-1970s of steel frame with part block work wall and part cladding to the elevations. There are two storey offices located inside the building adjacent to the north west wall. The main warehouse has three, full height, electrically-operated roller shutter doors and an eaves height of 7.2m. The site area is 1.52 acres, giving a site coverage of 47%. There is parking to the front, rear and side of the building.
The site occupies a prominent position at the end of Speedwell Close, which is part of the well-established Chandler’s Ford Industrial Estate. The estate is located off the main B3043 Bournemouth Road and is within 2 miles from junction 13 of the M3 and 4 miles from junction 5 of the M27.
Now let until 2028 to CooperVision Manufacturing Ltd who are one of the largest global manufacturers and distributors of contact lenses.
Structure
The property was part of the Amber Portfolio. See ‘Amber Portfolio’ section for further details.
Asset Management/Value-Add
New lease to CooperVision Manufacturing Ltd on previously vacant property for a 15 year term with a one year rent free period and a capital contribution to re-roof and re-clad the building. Coincidental lease extension of the adjoining unit, also let to CooperVision.
