Investment unit 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 5,467 sq ft plus 1,120 sq ft of modern offices to include kitchen 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 £48,000 per annum.
• Guide price £750,000, reflecting a net initial yield of 6.07%.

Description

Unit 3 is a semi-detached single bay unit of steel portal frame construction with infilled blockwork elevations up to 2.30m, then clad in insulated corrugated metal sheet panels. The unit provides a minimum eaves height of 5.30m rising to 8.00m. Access into the unit is either via a pedestrian door or via a roller shutter door measuring 4.50m x 4.70m.

Internally, the unit provides and open plan warehouse, mezzanine stores and two storey office block at the front elevation, 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 0.328 acres and has a good sized yard with a total of 11 parking spaces to include a disabled space. The yard is secured within a gated compound shared with the neighbouring unit.

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

Warehouse and stores totalling 5,467 sq ft plus 1,120 sq ft of modern offices to include kitchen 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 £48,000 per annum.

Guide price £750,000, reflecting a net initial yield of 6.07%.