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West Devon Business Park 3,968 sq ft 100% Let Retail Property Tavistock PL19 9DP £400,000 (£100.81/sq ft) 6.75% Net Initial Yield
Investment Highlights
- Popular and busy location
- Currently Let to Screwfiix producing £27,000 PA
- Ample on site parking
Executive Summary
The property comprises a detached warehouse/ trade counter premises. There are 5 customer parking spaces to the front of the property and 5 private parking spaces to the rear. Internally it has been fitted out by the tenant to be an open-plan warehouse with trade counter, office, staff room and staff WCs to the front. To the south of the unit there is a secure compound of some 2,000 sq.ft.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Vehicle Repair Garage
Property Size
3,968 sq ft
Costar Property Class
B
Year Built
1990
Price
£400,000
Price per sq ft
£100.81
Yield
6.75%
NOI
£27,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Parking
27 Spaces (6.54 Spaces per 1,000 sq ft Leased)
Amenities
- Raised Floor
- EPC - E
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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West Devon Business Park
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