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Trenant Industrial Estate Bess Park Rd 10,913 sq ft 73% Let Industrial Property Wadebridge PL27 6HB £745,000 (£68.27/sq ft) 7.95% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • A single commercial building that has been subdivided by the vendors for a mix of their own occupation and letting purposes.
  • Blockwork elevations under a mix of a pitched roof on steel trusses and a flat roof which was renewed in 2022
  • Situated on an established and popular industrial estate

EXECUTIVE SUMMARY

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

PROPERTY FACTS

Price £745,000
Price per sq ft £68.27
Sale Type Investment
Yield 7.95%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Total Plot Size 0.68 ac
Net Internal Area (NIA) 10,913 sq ft
No. Floors 2
Year Built 1950

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • CONDITION
  • AVAILABLE
  • Ground - 3B
  • 1,455 sq ft
  • Industrial
  • Partial Fit-Out
  • Now

Available space comprises 1,455 sq ft of ground floor area and 1,455 sq ft of first floor area. A new lease is available for terms to be agreed, rent at £22,000 per annum.

  • Mezzanine - 3B
  • 1,455 sq ft
  • Industrial
  • Partial Fit-Out
  • Now

Available space comprises 1,455 sq ft of ground floor area and 1,455 sq ft of first floor area. A new lease is available for terms to be agreed, rent at £22,000 per annum.

Space Size Space Use Condition Available
Ground - 3B 1,455 sq ft Industrial Partial Fit-Out Now
Mezzanine - 3B 1,455 sq ft Industrial Partial Fit-Out Now

Ground - 3B

Size
1,455 sq ft
Space Use
Industrial
Condition
Partial Fit-Out
Available
Now

Mezzanine - 3B

Size
1,455 sq ft
Space Use
Industrial
Condition
Partial Fit-Out
Available
Now

Ground - 3B

Size 1,455 sq ft
Space Use Industrial
Condition Partial Fit-Out
Available Now

Available space comprises 1,455 sq ft of ground floor area and 1,455 sq ft of first floor area. A new lease is available for terms to be agreed, rent at £22,000 per annum.

Mezzanine - 3B

Size 1,455 sq ft
Space Use Industrial
Condition Partial Fit-Out
Available Now

Available space comprises 1,455 sq ft of ground floor area and 1,455 sq ft of first floor area. A new lease is available for terms to be agreed, rent at £22,000 per annum.

  • Listing ID: 28706620

  • Date on Market: 09/06/2023

  • Last Updated:

  • Address: Bess Park Rd, Wadebridge PL27 6HB

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