9984 sq. ft (927.54 m²)
Key features
- Industrial investment
- Situated on an established and popular industrial estate
- Easy access to the main A39 Atlantic Highway
- For sale due to retirement of the owners & available for the first time in over 40 years
- 3 units let & one with vacant possession (due to the owners retiring)
- Existing tenants paying a rent of £37,366 p.a. equating to an average rent of £6.04 sq ft
- At £6 psf vacant premises adds another £24,500 p.a.
- Guide price £795,000 reflecting a net yield of 7.38% after an allowance for purchase costs of 5.48% & assuming Unit 3 is let at £6 psf
Description
There is parking to the front of the building and a good- sized yard to the rear which offers scope for more parking or storage. Units 3A, 3B and 3C are all occupied. The plot is approximatlery 0.68 acres.
Unit 3 will be vacated on the completion of the sale and will then be available for a new owner to occupy or to let and secure further income.
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