Eight industrial units reserved off-plan in new market town scheme

Construction is now underway for eight new industrial units in Ringwood, Hampshire, all with an EPC rating of A.
August 31, 2023
Eight industrial units are to be built in the market town of Ringwood in Hampshire.

Property consultants Vail Williams and Nettleship Sawyer have been appointed joint marketing agents of the scheme at newly named Parvaneh Park, Embankment Way.

Construction of the mainly terraced units, which range in size from 1,507 sq ft to 1,690 sq ft and are being offered on 999-year leases from £350,000 to £375,000 each, has begun.

Completion of the commercial property development, with a targeted Energy Performance Certificate of top-rated A, is due at the tail end of this year.

Vail Williams sold the site, just off Castleman Way, where there are dozens of businesses on the south side, on behalf of Burry & Knight to Meyson Properties.

Each industrial unit is being fitted with a mezzanine and rooftop solar panels, with three car parking spaces per unit and electric vehicle chargers.

Each unit has been reserved off-plan.

Another part of the acquired land has been pre-let to Dorset Orthopaedic, one of the UK’s leading providers of private prosthetic and orthotic rehabilitation, for a brand-new, purpose built and carbon-neutral HQ of circa 14,000 sq ft on a 15-year lease. Property consultancy Main Allen acted on behalf of Dorset Orthopaedic.

Construction will be commencing imminently and is due to complete next spring. The building will have circa 50 kVA of power provided by solar panels.

Bryony Thompson, an associate the Bournemouth office of property consultancy Vail Williams, said: “Parvaneh Park is ideal for businesses because of the proximity of the A31 to Bournemouth and the west and the east towards Southampton and Portsmouth, via the M27, and Winchester and London via the M3.

“Proving another draw is the historic market town of Ringwood itself, which is 0.5 miles away and is also close to the western edge of the New Forest National Park; Ringwood is a thriving town with retail and leisure facilities.

“Major companies in the immediate area include Elliotts, McCarthy & Stone, Premier Inn, Lidl, David Lloyd and Anytime Fitness.”

Steve Tomkins of Nettleship Sawyer said: “Given the specification of the industrial units, and the strategic location, we anticipated keen off-plan interest from investors and owner-occupiers and this proved to be the case.”