Investment For Sale, Clyst Honiton

Merlin Business Park is located on the Exeter Airport Business Park with very good access off the Exeter to Honiton dual carriageway which in turn gives direct and easy access to Junction 29 of the M5. The property is approximately 6 miles to the east of Exeter city centre.

A Steel Portal Frame Unit With Insulated Plastic Coated Steel Sheet Cladding To Walls And Roof, Plus Brick And Block Lower Elevations. Access Via A Manually Operated Roller Shutter Door (3.1m Wide X 4.99m High) And Separate Personnel Door With Steel Security Grille.

The Ground Floor Comprises A Main Warehouse Plus Office And Wc, With Additional Stud Walls Having Been Installed By The Tenant, And The Mezzanine Floor (which Is A Landlord's Fixture) Has Been Fitted By The Tenant To An Office-standard Specification, Including Suspended Ceilings, Recessed Led Lighting, Vinyl Flooring And Kitchen Facilities.

The Eaves Height Is Approximately (5.27m) With The Minimum Ground Floor Head Height Being Approximately (3.1m).

There Are 6 Allocated Car Parking Spaces.

Light Industrial/warehouse Unit With 6 Parking Spaces

Approx: 1,740 Sq Ft / 161.7 Sq M Ground Floor Plus 1,486 Sq Ft / 138.1 Sq M Mezzanine Storage

Let To Established Tenant On Full Repairing Terms

For Sale (long Leasehold): £230,000 + Vat

Merlin Business Park Is Located On The Exeter Airport Business Park With Very Good Access Off The Exeter To Honiton Dual Carriageway Which In Turn Gives Direct And Easy Access To Junction 29 Of The M5. The Property Is Approximately 6 Miles To The East Of Exeter City Centre.

Investment Property

Vat Will Be Applied At The Standard Rate Where Applicable. The Property Has Been Elected For Vat And Therefore It Is Anticipated That The Transaction Will Be Treated As A Transfer Of A Going Concern (togc).

Both Parties To Bear Their Own Legal Costs In The Transaction.

An Epc Is Available For This Property. Please Contact The Agent For Further Details.

The Property Is Let To Aviation South West By Way Of A Lease Dated 1st October 2024. The Lease Is For A Term Expiring On 30th September 2030 With A Tenant Break Option On 1st October 2027 (on 6 Months' Notice). The Passing Rent Is £15,900 Per Annum Exclusive And Is Subject To Review On 1st October 2027 (open Market, Subject To Cpi Cap). The Lease Is On Full Repairing And Insuring Terms.

A Copy Of The Lease Is Available On Request.