Rowan Industrial Estate, Mill Lane, Alton

The property comprises a multi-let industrial investment opportunity strategically located in an established industrial location in Alton.

Arranged as seven industrial/workshop units, the property provides 17,884 sq ft (1,661.33 sq m) of accommodation and boasts an impressive site area of 0.99 acres (0.4 hectares) with a low site cover of 32%.

The property is fully let to four tenants with an attractive Weighted Average Unexpired Lease Term (WAULT) of 7.22 years and is producing a total £180,500 per annum.

The tenants include Brewers Limited who occupy on a lease expiring 2026, the property may therefore benefit from asset management potential via implementation of the outstanding rent review and upcoming renewal of this lease, with the current rent reflecting a low £12.43 per sq ft, with Units 2, 3, 6 & 7 let at £14.84 per sq ft.

The property sits within an established industrial location within Alton with the surrounding area comprising other industrial uses including trade counter, open storage, distribution, workshops and retail warehousing. Nearby occupiers include Toolstation, Fedex and Howdens. The property is less than 0.3 miles from Alton train station and within 0.5 miles of the A31, a major arterial route linking the A3 and M3.