Commercial Mortgages Bournemouth Airport and Hurn

The Bournemouth Airport and Hurn commercial property market

Bournemouth Airport and Hurn carry one of the most strategically located B8 logistics, last-mile distribution and aerospace MRO commercial property clusters across the south coast. The c. 1,800-acre Bournemouth Airport estate, operated by the airport company on the BH23 footprint, anchors the cluster, with Aviation Park business park immediately adjacent and Hurn airfield-related industrial stock filling out the wider catchment. The Bournemouth Airport BH23 cluster is technically Christchurch civic boundary, but lenders price it as part of the BCP travel-to-work area and a single commercial mortgage market with central Bournemouth. The aviation, MRO and aerospace tenant pool runs deep across the airfield-adjacent industrial estates, with last-mile distribution and B8 logistics tenants building out the wider Aviation Park frontage.

Most BH23 Bournemouth Airport and Hurn commercial mortgage flow runs in the £500K to £4M bracket. Aviation Park investment lots and large-format B8 logistics sheds run £1.5M to £4M. SME owner-occupier light industrial and MRO freeholds print £400K to £1.5M. Trade-counter on the Aviation Park retail-park frontage trades £400K to £1.2M. Pricing on Aviation Park investment 6.0 to 7.0% pa at 60 to 65% LTV with strong tenant covenants. Owner-occupier light industrial and MRO 6.0 to 7.5% pa at 70 to 75% LTV. Large-format B8 logistics investment 6.0 to 7.0% pa at 60 to 65% LTV. Refinancing on stabilised Aviation Park stock typically prices 6.5 to 7.5% pa at 65 to 75% LTV.

HM Land Registry residential temperature across BH23 is mid-to-upper, the wider Christchurch and Hurn catchment carries a median residential price toward the top of the BCP unitary, supporting strong tenant covenant assumptions on the Aviation Park retail-park and last-mile distribution tenant pool. Commercial-only sold-data is thin across BCP, the digest pipeline is a known gap, we substitute with manual reads of the BCP public access portal at build time. Stamp duty land tax applies at the commercial rates on every freehold commercial purchase. Refinancing maturing facilities written in 2020 and 2021 is the highest-volume single use case across BH23 right now.

Active commercial property types in Bournemouth Airport and Hurn

Lender appetite for Aviation Park B8 logistics and BH23 airfield industrial

Bournemouth Airport and Hurn sit inside one of the most lender-favoured commercial sub-markets in BCP, anchored by the Aviation Park investment-grade frontage and the airfield-adjacent B8 logistics belt. NatWest, Lloyds, Barclays and Santander compete on Aviation Park large-format B8 logistics investment and trade-counter lots at 60 to 65% LTV and 6.0 to 7.0% pa where the tenant covenant and lot size support it. Shawbrook covers mid-market BH23 SME industrial investment, MRO and trade-counter at 65 to 75% LTV and 6.5 to 7.5% pa. InterBay Commercial takes selected airport-fringe mixed-use deals where the asset carries an airfield-adjacent residential overspill. Cynergy Bank covers hospitality and trading-business on the Aviation Park forecourt frontage. LendInvest covers bridge-to-let on Aviation Park development and unit-reconfiguration schemes during the works phase. Allica Bank is active across BH23 SME owner-occupier light industrial and MRO freehold. HTB takes selected airport-adjacent investment deals on its commercial book. Cambridge and Counties brings strong appetite to BH23 owner-occupier light industrial and BCP-wide SME freeholds, the Cambridge and Counties Hampshire and Dorset commercial team prices the Aviation Park SME stock keenly. Paragon supports BH23 investor freeholds. Together covers value-end BH23 industrial fringe at 70 to 75% LTV. Hodge takes selected BCP investor industrial freeholds. Cumberland Building Society is the specialist we lean on for any BH23 fringe holiday-let portfolio overlap, although Aviation Park is overwhelmingly an industrial cluster. Refinancing on a stabilised Aviation Park or Hurn airfield-adjacent industrial asset typically prices 6.5 to 7.5% pa at 65 to 75% LTV. Airport long-leasehold ground-lease structures require specialist counsel input and lender review on lease length and rent-review mechanism. We are not FCA-authorised because the commercial mortgages we arrange fall outside the FCA regulated mortgage perimeter.