Investment for sale

Key features

• Plymouth industrial market benefits from defence and energy related strategic investment, driving low vacancy
• The estate provides a total 183,125 sq ft, (including 43,130 sq ft mezzanine) in 12 units ranging from 1,000 - 40,000 sq ft.
• Large site of c. 11.5 acres.
• Passing income of £621,533 pa reflecting a low average of c. £3.99 psf. Latest lettings in Plymouth reflect £9.00 - 12.00 psf.
• ERV c. £1,300,000 pa based upon £7.50 psf
• Vacant unit and short WAULT (2.5 yrs to break) means reversion is accessible quickly.
• Vacant development plot of c.1.8 acres.
• Roof-mounted solar array with potential to extend.
• We are instructed to seek offers in excess of £10,000,000 subject to contract and exclusive of VAT. A purchase at this level reflects a NIY of 6.07%, a reversionary yield of 12.77%, and an equivalent yield of 11.70% assuming purchaser’s costs of 6....