Brazier Industrial Estate
Date: 16 Apr 2007 The 2.25 acre Brazier Industrial Estate has just been snapped-up by Kier Commercial Investments Ltd.The freehold industrial investment in an established industrial area off Millbrook Road West in Southampton was offered to the market by the Southampton office of Humberts.The estate, which has an annual letting income in excess of £217,000 from 44,000 sq ft of fully let buildings which current occupiers include Carillion Construction, Solent Plumbing Supplies and Covers & Linings Ltd.Kiers purchase of the site follows its acquisition of the freehold office building fronting Third Avenue and Millbrook Road through Humberts last year, giving it freehold ownership of the entire site.Commercial Director for Humberts Andrew Archibald who advised on the investment sale, commented: This is a well located and popular estate with an initial investment return of seven per cent and which also benefits from planning consent for three additional 1,000 sq ft units.