Two unit investment for sale in Cheddar

This property is marketed by:
Greenslade Taylor Hunt

Description

Two industrial units situated on Cheddar Business Park on opposite sides of the main access road. Unit 6 is a detached two bay unit while Unit 3 is a single bay semi-detached unit, both are of steel portal frame construction with infilled blockwork elevations up to 2.30m, then clad in insulated corrugated metal sheet panels. Unit 6 has the added benefit of a lean-to extension but both units provide a good minimum eaves height, Unit 6 - 4.70m & Unit 3 - 5.30m. Access into either unit is via a pedestrian door or via a roller shutter door; Unit 6 benefits from three roller shutter doors.

Internally, both units provide open plan warehousing & stores and a two storey office block, this is predominantly constructed of blockwork elevations in each unit. Both office areas consist of a reception, offices, meeting rooms, kitchen, stores and WC block.

Unit 3's plot extends to 0.328 acres while Unit 6's plot extends to 0.546 acres, providing a total area of 0.874 acres.

Accessible location 0.6 miles from the A371 and 10 miles from the M5 motorway.

Warehouses and stores totalling 16,270 sq ft plus 3,720 sq ft of modern offices to include staff areas.

Two separate leases based on 10 year FRI terms with mutual breaks and standard reviews on the 5th anniversaries at a combined rent of £114,000 per annum.

Guide price £1,750,000, reflecting a net initial yield of 6.13%.