49,558 sq ft Investment For Sale, Plymouth PL6, £2,900,000
4 photos
Property ID: 161065
£2,900,000 Freehold
Units 1A & 2 Belliver Industrial Estate Belliver, Plymouth, Devon, PL6 7BP
Type
Investment
Status
Available
Size
49,558 sq ft / 4,604 sq m
Key Features
- Single let industrial investment in an established industrial location in Plymouth.
- Industrial unit extending to 49,558 sq ft (4,604 sq m) on a 3.24 acre site. Site coverage only 33%.
- Fully let to South West Welding Supplies Limited.
- Current passing rent of £240,000 per annum, equating to approximately £4.84 per sq ft.
- WAULT of approximately 6.8 years to expiry.
- Reversionary potential.
- 10 year term from August 2023, no breaks.
- Upward only rent review in August 2028.
Specification
- Parking
- Yes
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Description
The Property Comprises A Detached Industrial Building Situated On A Site Extending To Approximately 3.24 Acres (1.31 Hectares).<br>
<br>
Externally, The Site Benefits From Vehicular Access Around Three Sides Of The Building, Providing Parking, Circulation And Loading Facilities. To The Rear Of The Property, The Tenant Has Erected A Canopy Providing Additional Covered Space.<br>
<br>
Internally, The Accommodation Is Arranged To Provide A Series Of Interconnected Warehouse Areas, Subdivided By Blockwork Walls. To The Front Elevation Is A Two-storey Office And Ancillary Accommodation Block, Incorporating Offices, Workshops, Storage Areas And Wc Facilities.<br>
<br>
To The Rear Of The Main Building Is A Separate Storage Shed Which Is Currently Excluded From The Tenant's Demise. It Is Intended That This Building Will Be Incorporated Into The Demise Following Clearance By Landlord.<br>
<br>
Location<br>
<br>
Plymouth Is A Key Commercial And Industrial Centre Serving Devon And Cornwall, Benefiting From Strategic Transport Links Via The A38, M5 Motorway And Direct Rail Services To London Paddington.<br>
<br>
The City Has An Established Industrial Base, Underpinned By The Marine, Defence And Advanced Manufacturing Sectors.<br>
<br>
Significant Government Investment, Including £7.1 Billion At Hmnb Devonport And A Further £84 Million For The Wider Defence Sector, Is Expected To Drive Economic Growth, Support Employment And Strengthen Long-term Occupier Demand For Commercial And Industrial Property.<br>
<br>
Accommodation<br>
<br>
The Property Provides The Following Area, Measured On A Gross Internal Basis From Floor Plans. <br>
<br>
Total - 49,558 Sq Ft / 4,604.1sqm<br>
<br>
Rent / Price<br>
<br>
£2,900,000 Freehold.<br>
<br>
Service Charge<br>
<br>
We Understand That Mains Electricity, Water And Drainage Are Connected To The Property. These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.<br>
<br>
Services<br>
<br>
We Understand That Mains Electricity, Water And Drainage Are Connected To The Property. These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.<br>
<br>
Epc<br>
<br>
C (68)<br>
<br>
Legal Fees<br>
<br>
Each Party To Be Responsible For Their Own Legal Costs.<br>
<br>
Vat<br>
<br>
The Property Is Elected For Vat, However It Is Anticipated That The Sale Will Be Treated As A Togc.
<br>
Externally, The Site Benefits From Vehicular Access Around Three Sides Of The Building, Providing Parking, Circulation And Loading Facilities. To The Rear Of The Property, The Tenant Has Erected A Canopy Providing Additional Covered Space.<br>
<br>
Internally, The Accommodation Is Arranged To Provide A Series Of Interconnected Warehouse Areas, Subdivided By Blockwork Walls. To The Front Elevation Is A Two-storey Office And Ancillary Accommodation Block, Incorporating Offices, Workshops, Storage Areas And Wc Facilities.<br>
<br>
To The Rear Of The Main Building Is A Separate Storage Shed Which Is Currently Excluded From The Tenant's Demise. It Is Intended That This Building Will Be Incorporated Into The Demise Following Clearance By Landlord.<br>
<br>
Location<br>
<br>
Plymouth Is A Key Commercial And Industrial Centre Serving Devon And Cornwall, Benefiting From Strategic Transport Links Via The A38, M5 Motorway And Direct Rail Services To London Paddington.<br>
<br>
The City Has An Established Industrial Base, Underpinned By The Marine, Defence And Advanced Manufacturing Sectors.<br>
<br>
Significant Government Investment, Including £7.1 Billion At Hmnb Devonport And A Further £84 Million For The Wider Defence Sector, Is Expected To Drive Economic Growth, Support Employment And Strengthen Long-term Occupier Demand For Commercial And Industrial Property.<br>
<br>
Accommodation<br>
<br>
The Property Provides The Following Area, Measured On A Gross Internal Basis From Floor Plans. <br>
<br>
Total - 49,558 Sq Ft / 4,604.1sqm<br>
<br>
Rent / Price<br>
<br>
£2,900,000 Freehold.<br>
<br>
Service Charge<br>
<br>
We Understand That Mains Electricity, Water And Drainage Are Connected To The Property. These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.<br>
<br>
Services<br>
<br>
We Understand That Mains Electricity, Water And Drainage Are Connected To The Property. These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries.<br>
<br>
Epc<br>
<br>
C (68)<br>
<br>
Legal Fees<br>
<br>
Each Party To Be Responsible For Their Own Legal Costs.<br>
<br>
Vat<br>
<br>
The Property Is Elected For Vat, However It Is Anticipated That The Sale Will Be Treated As A Togc.
Location
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Vickery Holman
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