Industrial unit investment for sale in Cheddar

This property is marketed by:
Greenslade Taylor Hunt

Key Features

• Accessible location 0.6 miles from the A371 and 10 miles from the M5 motorway.
• Warehouse and stores totalling 10,803 sq ft plus 2,600 sq ft of modern offices to include staff areas.
• A 10 year FRI lease having commenced on 28th April 2023 to Majestic Designs (UK) Ltd. with a mutual break and standard review on the 5th anniversary at a rent of £66,000 per annum.
• Guide price £1,000,000, reflecting a net initial yield of 6.24%.

Description

Unit 6 is a detached two bay unit of steel portal frame construction with infilled blockwork elevations up to 2.30m, then clad in insulated corrugated metal sheet panels. A lean-to extension of similar construction is located at the eastern elevation of the unit. The main unit provides a minimum eaves height of 4.70m rising to 7.40m. Access is either via a pedestrian door or via three roller shutter doors, two measuring 3.25m x 3.55m with the largest measuring 4.50m x 4.05m.

Internally, the unit provides and open plan warehouse, lean-to store with mezzanine stores and a two storey office block, which is predominantly constructed of blockwork elevations. The office areas consist of a reception, offices, meeting rooms, kitchen, stores and WC block.

The plot totals 0.546 acres and has a good sized yard with a total of approximately 25 parking spaces. The yard is secured within a gated compound.

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

Warehouse and stores totalling 10,803 sq ft plus 2,600 sq ft of modern offices to include staff areas.

A 10 year FRI lease having commenced on 28th April 2023 to Majestic Designs (UK) Ltd. with a mutual break and standard review on the 5th anniversary at a rent of £66,000 per annum.

Guide price £1,000,000, reflecting a net initial yield of 6.24%.