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Amber House 2 Showground Rd 34,682 sq ft Industrial Property Bridgwater TA6 6AJ £3,800,000 (£109.57/sq ft) 7.20% Net Initial Yield

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INVESTMENT HIGHLIGHTS

Securely let to strong covenant of CHT Bridgwater UK Ltd, a subsidiary of CHT Group
34,682 sq ft (3,222 sq m) GIA on a site of 2.218 acres
Located on Showground Rd in a well-established industrial and logistics area in Bridgwater

Modern industrial unit with 7.3m eaves and low site coverage of only 35.9%
Lease terms: Let on renewed lease with a tenant break at 10

EXECUTIVE SUMMARY

We are instructed to seek offers of £3,800,000 (Three million eight hundred thousand pounds) subject to contract. A purchase at this level reflects a Net Initial Yield of 7.2% after purchasers' costs at 6.56%, and a capital value of only £109 per sq. ft.
The property is freehold and subject to the following tenancy:
TENANT: CHT UK Bridgwater Ltd, accounts for 2024 here
LEASE:New FRI 15yr term (renewal) from 1 June 2024 (4 months r/free)
RENT:£291,329 pa (£8.40 psf)
BREAK: Tenant only break option at 10 with 12 months’ notice
RENT REVIEW: Higher of open market or passing
SIZE: 34,682 sq ft (3,222 sq m) on a site of 2.218 acres, showing a low site coverage of 35%
EPC: C72

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PROPERTY FACTS

Price	£3,800,000	Costar Property Class	B
Price per sq ft	£109.57	Total Plot Size	2.22 ac
Sale Type	Investment	Net Internal Area (NIA)	34,682 sq ft
Yield	7.20%	No. Floors	3
Tenure	Freehold	Year Built	1991
Property Type	Industrial	Tenancy	Single
Property Subtype	Manufacturing Light Industrial Light Manufacturing Industrial Warehouse Light Industrial Distribution Warehouses

Price	£3,800,000
Price per sq ft	£109.57
Sale Type	Investment
Yield	7.20%
Tenure	Freehold
Property Type	Industrial
Property Subtype	Manufacturing Light Industrial Light Manufacturing Industrial Warehouse Light Industrial Distribution Warehouses
Costar Property Class	B
Total Plot Size	2.22 ac
Net Internal Area (NIA)	34,682 sq ft
No. Floors	3
Year Built	1991
Tenancy	Single