Industrial for sale in 60-62 North Road, North Road Industrial Estate, Okehampton, Devon EX20
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Prominent roadside industrial premises and development land (STP)
- Approx. 6.7 acres of industrial land (approx. 16.21% site coverage)
- Main warehouse measures approx. 47,316 sq ft (4,395.81 sq m)
- Numerous outbuildings onsite
- Large surfaced car park to the rear
- Redevelopment potential subject to planning
- Rare logistics freehold available in the town
Property description
The property consists of a separately accessed warehouse premises just off North Road with numerous outbuildings over a site measuring approx. 6.7 acres (2.71 ha). The property itself benefits from large open warehouse accommodation over two levels with mezzanine storage and offices located to the front and rear.
There are also a number out outbuildings located onsite (not measured) and a large surfaced car park with further land to the north east of the property. With the inclusion of all buildings onsite the property has a site coverage of approx. 16.21%.
Location
The property is located just off the A30 in Okehampton approx. 21 miles west of Exeter, 26 miles north of Plymouth and 24 miles south of Barnstaple. The town has a population of approx. 5,922 and benefits from the new Okehampton Railway Station that connects Exeter St Davids to Plymouth via Tavistock on the Dartmoor Line.
The town is also serviced by the Stagecoach Bus Service from Exeter, Bude, Newquay and Tavistock. Bus service 6 runs from the town to Exeter with the 6A service to Launceston.
The property is located to the north of the town with numerous well established industrial occupiers including Howdens, Travis Perkins and rgb Building Supplies in close proximity to the property.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Warehouse: 42,761 sq ft (3,972.66 sq m)
Mezzanine: 4,555 sq ft (423.15 sq m)
Outbuildings (not measured) -
Total: 47,316 sq ft (4395.81 sq m) plus outbuildings
Site Area: 6.7 acres (16.21 % site coverage including outbuildings measured via voa)
Planning
The property benefits from B1, B2 and B8 Use Classes.
Rent / Price
£1,750,000 for the Freehold
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £127,000 therefore making the approximate Rates Payable £65,024 per annum for 2024/25.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
E (105)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
All figures quoted are exclusive of VAT if applicable.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Vickery Holman - Exeter, EX1 on +44 1392 976634 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vickery Holman - Exeter, and do not constitute property particulars. Please contact Vickery Holman - Exeter for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.