Major warehouse facility in Hampshire sold to MCR Property Group

A 165,133 sq ft industrial/warehouse facility at Walworth Business Park in Andover, Hampshire has been sold to Manchester’s MCR Property Group.

Curchod & Co and CBRE advised previous owners SSI-Schaefer Limited on the investment sale of Unit 83/84, Livingstone Road.

The property, a detached multi-let facility with two wings flanking a central office core, is currently let to Le Creuset and Stannah Stairlifts, generating a total annual income of £1,044,797.

Keith Enters of Curchod & Co said: “This was an attractive, high-yielding investment in a prime position on Andover’s largest business park.

“The demand for industrial and warehouse investments across the South East of England remains robust, driven by the growth of e-commerce and the need for efficient logistics solutions.

“Properties like this, with strong tenants and excellent specifications, continue to attract significant interest from investors looking to capitalise on the sector’s strength.”

Andy Wightman, UK managing director of SSI-Schaefer, added: “Keith played an instrumental role in the successful sale of our commercial building in Andover.

“His expertise, dedication, and professionalism were evident throughout the entire process, making a complex transaction remarkably smooth and efficient.”

Philips Lockhart Starr advised MCR Property Group.