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More details for B3274, Roche - Light Industrial for Sale

Cornwall Services Business Park - B3274

Roche, PL26 8UF

Light Industrial for Sale
£620,000 - £635,000
3,242 - 3,331 sq ft
4 Units Available

Roche Light Industrial for Sale - Cornwall

Planning permission has been granted (Application Reference PA23/10387) for the construction of 4 units which will be situated at the entrance to Cornwall Services and form part of the new Cornwall Services Business Park. The units will comprise of an open warehouse area with an office / mezzanine. There will be parking and loading to the front of the units. The size of the units could be altered to suit requirements. There is a small level change between Units 2 & 3. The units will be finished to a standard shell specification

Contact:

Vickery Holman

Date on Market:

13/12/2024

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Industrial Properties for Sale Near the Roche, UK

More details for Victoria Business Park, Roche - Industrial for Sale

Brake Bros - Victoria Business Park

Roche, PL26 8LX

Industrial for Sale
£1,000,000
13,523 sq ft

Roche Industrial for Sale

Seeking offers in excess of £1,000,000 (One million pounds) for the freehold interest of the premises, reflecting a net initial yield of 6.5% (assuming purchaser’s costs of 5.75%) and a capital value of only £74 per sq ft. The property is let to Sysco GB Ltd (formerly Brake Bros Ltd) on a 20 year lease without break expiring 26th January 2033, providing an unexpired lease term of approximately 7 years. The current rent is £68,663 per annum which equates to a rent of £5.08 per sq ft. There are upwards only rent reviews every 5 years annually compounded in line with RPI (subject to a cap of 4% pa). The property is let on Full Repairing and Insuring terms subject to a Schedule of Condition. The tenant has a right of renewal for a further term of 15 years on 6 months’ notice.