£210,000
(£78.13/sq. ft)
Property for saleUnit 7, Kingsgate Business Centre, Duchy Road, Heathpark Industrial Estate, Honiton, Devon EX14
2,688 sq. ft
Just added
Available immediately
About this property
Industrial investment opportunity
Let to one tenant for last 20 years
Let to 2031 without breaks
Fri lease, current rent: £14,400 p.a.
Guide price: £210,000
Industrial investment property, modern detached building comprising two semi-detached units with forecourt.
Let to one tenant for last 20 years
Let to 2031 without breaks
Guide price: £210,000
Fri lease, current rent: £14,400 p.a.
Honiton sits at the junction of the A30, A35 and A376 roads, around 16 miles east of Exeter via the A30 dual carriageway which provides a direct link to Junction 29 of the M5 motorway. Honiton has a population of circa 12,000.
The property is situated on the Heathpark Industrial Estate, which is at the town's western periphery with direct access to the A30 dual carriageway. The property is situated at the south eastern end of the estate and nearby occupiers include a gym, an indoor play centre and a number of retail and trade sales outlets.
A mid-terrace unit constructed in the 1980s and subsequently fitted with a mezzanine covering much of the floor area.
Steel portal frame (5 metre eaves), front elevation of brick-faced blockwork and roof of insulated metal cladding with internal insulation and translucent panels.
Access via a sectional up-&-over loading door plus separate pedestrian door.
Designated parking spaces on the estate.
Fit-out on mezzanine includes suspended ceilings with recessed lighting, demountable partitions and air conditioning.
There are internal connecting doors to both adjacent units as the tenant occupies all three units.
The property is not elected for VAT, and VAT is therefore not chargeable to the purchase price.
Both parties to bear their own legal costs in the transaction.
Unit 7 Kingsgate Bus. Centre = D (93), expires 26th October 2031.
Let to xta Electronics Limited (Co Reg 02735913) by way of a renewal lease to 5th April 2031 without break options.
The passing rent is £14,400 per annum exclusive, fixed for the term.
The tenant company was incorporated in 1992 and posted accounts for the year to 31.12.25 showing net assets of £3.377 million.
Let to one tenant for last 20 years
Let to 2031 without breaks
Guide price: £210,000
Fri lease, current rent: £14,400 p.a.
Honiton sits at the junction of the A30, A35 and A376 roads, around 16 miles east of Exeter via the A30 dual carriageway which provides a direct link to Junction 29 of the M5 motorway. Honiton has a population of circa 12,000.
The property is situated on the Heathpark Industrial Estate, which is at the town's western periphery with direct access to the A30 dual carriageway. The property is situated at the south eastern end of the estate and nearby occupiers include a gym, an indoor play centre and a number of retail and trade sales outlets.
A mid-terrace unit constructed in the 1980s and subsequently fitted with a mezzanine covering much of the floor area.
Steel portal frame (5 metre eaves), front elevation of brick-faced blockwork and roof of insulated metal cladding with internal insulation and translucent panels.
Access via a sectional up-&-over loading door plus separate pedestrian door.
Designated parking spaces on the estate.
Fit-out on mezzanine includes suspended ceilings with recessed lighting, demountable partitions and air conditioning.
There are internal connecting doors to both adjacent units as the tenant occupies all three units.
The property is not elected for VAT, and VAT is therefore not chargeable to the purchase price.
Both parties to bear their own legal costs in the transaction.
Unit 7 Kingsgate Bus. Centre = D (93), expires 26th October 2031.
Let to xta Electronics Limited (Co Reg 02735913) by way of a renewal lease to 5th April 2031 without break options.
The passing rent is £14,400 per annum exclusive, fixed for the term.
The tenant company was incorporated in 1992 and posted accounts for the year to 31.12.25 showing net assets of £3.377 million.
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