11 & 11A Aviation Park West

Tenure:Long Leasehold

Location: Bournemouth
Address:11 Aviation Park West,
Bournemouth International Airport,
BH23 6EW

Area:4,041.1 Sq M

Jason Nearchou
T: +44 (0)20 3486 3475
E: [email protected]

Ross Cuthbert
T: +44 (0)20 3486 3479
E: [email protected]

Michael Riordan
T: +44 (0)20 7653 6828
E: [email protected]

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Property details

  • Opportunity to acquire two high yielding headquarters buildings on an established business park.
  • The properties are strategically located on Aviation Business Park adjacent to Bournemouth Airport, which has undergone a £45m upgrade and will benefit from a further £40m investment by 2021.
  • The properties benefit from exceptional multi-modal connectivity with strong links to the A348 linking the M27 and M3 motorways.
  • The properties comprise 43,495 sq ft across an office and industrial/manufacturing unit.
    Loewy House is a 26,386 sq ft office, let to 4Com Plc, benefiting from 150 car parking spaces (1:176 sq ft).
  • Winchester House is a 17,209 sq ft industrial and manufacturing facility, let to Aeroflex Hose and Engineering Ltd, benefitting from 50 car parking spaces (1:344 sq ft).
  • The total passing rent is £510,000 per annum, equating to £16.11 psf at Loewy House and £5.23 psf at Winchester House.
  • Both tenants have been in occupation as sub-tenants since 2010 and 2011 and recently re-geared on new five and ten year leases respectively, providing an AWULT of 4.93 years to breaks and 7.95 years to expiries.
  • Both tenants use the buildings as their UK headquarters.
  • 125 year long leasehold interest from 15 August 1996 at a peppercorn rent, providing an unexpired term of 104 years.
  • Offers sought in excess of £5,320,000 (Five Million, Three Hundred and Twenty Thousand Pounds), subject to contract and exclusive of VAT for our client’s long leasehold interest.
  • A purchase at this level equates to an attractive net initial yield of 9.00% assuming standard purchaser costs of 6.60% and a low capital value of 122 psf.

For further information or to arrange an inspection, please contact:

Hettie Cust
T: 020 3486 3484
[email protected]

The properties lie within the borough of Christchurch on the South Coast of England in the county of Dorset, approximately 154 km (96 miles) south west of Central London, 10 km (6 miles) east of Bournemouth and 42 km (26 miles) south west of Southampton. Christchurch adjoins Bournemouth to the west and the New Forest to the east.

Christchurch is a submarket of Bournemouth and Poole, which forms one of the largest and most affl uent conurbations on the South Coast providing a diverse mix of manufacturing and service businesses with signifi cant focus on marine technologies, aerospace and engineering.

The properties are held long leasehold for 125 years from 15 August 1996 at a peppercorn rent, providing an unexpired term of 104 years.