£2,900,000
(£58.52/sq. ft)
Property for saleBelliver Way, Roborough, Plymouth PL6
49,558 sq. ft
About this property
Single let industrial investment in an established industrial location in Plymouth.
Industrial unit extending to 49,558 sq ft (4,604 sq m) on a 3.24 acre site. Site coverage only 33%.
Fully let to South West Welding Supplies Limited.
Current passing rent of £240,000 per annum, equating to approximately £4.84 per sq ft.
WAULT of approximately 6.8 years to expiry.
Reversionary potential.
10 year term from August 2023, no breaks.
Upward only rent review in August 2028.
Externally, the site benefits from vehicular access around three sides of the building, providing parking, circulation and loading facilities. To the rear of the property, the tenant has erected a canopy providing additional covered space.
Internally, the accommodation is arranged to provide a series of interconnected warehouse areas, subdivided by blockwork walls. To the front elevation is a two-storey office and ancillary accommodation block, incorporating offices, workshops, storage areas and WC facilities.
To the rear of the main building is a separate storage shed which is currently excluded from the tenant's demise. It is intended that this building will be incorporated into the demise following clearance by landlord.
Location
Plymouth is a key commercial and industrial centre serving Devon and Cornwall, benefiting from strategic transport links via the A38, M5 motorway and direct rail services to London Paddington.
The city has an established industrial base, underpinned by the marine, defence and advanced manufacturing sectors.
Significant government investment, including £7.1 billion at hmnb Devonport and a further £84 million for the wider defence sector, is expected to drive economic growth, support employment and strengthen long-term occupier demand for commercial and industrial property.
Accommodation
The property provides the following area, measured on a gross internal basis from floor plans.
Total - 49,558 sq ft / 4,604.1sqm
Rent / Price
£2,900,000 Freehold.
Service Charge
We understand that mains electricity, water and drainage are connected to the property. These services have not been tested by the agents. Interested parties should make their own enquiries.
Services
We understand that mains electricity, water and drainage are connected to the property. These services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
C (68)
Legal Fees
Each party to be responsible for their own legal costs.
VAT
The property is elected for VAT, however it is anticipated that the sale will be treated as a togc.
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