Vickery Holman were instructed to market and complete the investment sale of The Agronomy Centre in Willand. The property was brought to the market with a guide price of £755,000, reflecting a net initial yield of 7.36%. Following a highly competitive marketing campaign, the sale achieved a figure significantly above the asking price, underlining the strength of investor demand for well-let industrial assets in the South West.
The Agronomy Centre comprises approximately 8,068 sq ft of purpose-built accommodation, let in its entirety to Masstock Arable (Agrii), a leading agronomy services provider. The lease provided a secure passing rent of £58,550 per annum, supported by a blue-chip covenant. The property benefits from two access points and a flexible layout including warehousing, office, and storage accommodation, making it a well-rounded investment opportunity.
Vickery Holman implemented a tailored marketing strategy designed to reach both local and regional investors. This included:
The strength of the tenant covenant and the attractive lot size created a strong response, with multiple parties registering interest early in the campaign. Competitive bidding followed, ensuring maximum exposure and value.
The marketing process generated substantial interest and led to a best-and-final offers stage, with several investors competing for the asset. The property ultimately sold for a price well in excess of the guide, achieving an excellent return for the client. This case highlights both the resilience of the industrial investment market and Vickery Holman’s ability to run targeted campaigns that secure outstanding results.
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