Industrial to let in Heathfield Industrial Estate, Newton Abbot TQ12

Situation and description

Dawlish is a popular resort situated on the South Devon coast midway between the River Exe and River Teign estuaries. Dawlish is located approximately 10 miles south of Exeter, 9 miles west of Newton Abbot and 2 miles North of Teignmouth. Road access to Dawlish is principally via the A379 which forms the picturesque coastal route from Exeter to Newton Abbot and onto Torbay. Access to the M5 motorway is available at junction 30 approximately 10 miles away. The Business Park is located adjacent to the A379 on the Exeter side, with the town centre approximately 1 mile from the property offering a good range of local facilities.

The Dawlish Business Park is located on the Exeter side of Dawlish close to the Sainsburys Supermarket, and offers a range of units and users from manufacturing, Storage and Trade Counter users. The units is arranged as a workshop on the ground floor with 2 Offices on the first floor mezzanine. To the front is a generous parking area with up to 6 car parking spaces. The premises are offered as an Investment being occupied by a local Garage Business on new 6 year lease completed on the 1st March 2024.

Accommodation

Brief details of the accommodation with approximate maximum internal dimensions are as follows:-

Workshop 10.18m x 8.89m (33’4” x 29’2”) max
Glazed pedestrian door with glazed side panel from the front forecourt area with an Up and Over door providing good vehicular access 4.47m heigh by 3.59m wide (14’6”x 11’9”) max. Concrete floor with strip lighting and power as fitted. Translucent roof lights offering good natural light.

Toilet
WC suite with wash hand basin. Window. Tiled splashbacks. Electric water heater.

Kitchenette 1.79m x 0.97m (5’10” x 3’2”) max
Stainless steel sink inset into worktop with cupboards under. Tiled splashbacks.

Entrance Hall
Stairs leading up to a landing with doors to ….

Office No 1 4.37m x 3.08m (14’4” x 10’2”) max
Large window to front. Carpeted. Strip lighting and power as fitted. Electric wall mounted heater.

Office No 2 4.69m x 4.37m (15’5” x 14’4”) max
Large office with window to one elevation. Strip lighting and power points as fitted. Electric wall mounted heater.

Externally

To the front of the premises is a wide concrete loading and unloading area with 3 car parking spaces. To the rear of this is a stoned area offering a further 3 car parking spaces.

Energy performance certificate

An energy performance certificate has been obtained. A summary is below, a full copy can be downloaded from the web site. The rating for the property is: - D 86 (Valid until 5th July 2033)

Tenancy

The premises are let on a 6 year lease dated the 1st March 2024 to Luke Holland at a rent of £11,000 pa with a tenant only break clause and a rent review on the 1st March 2027. The tenants are to keep the property in good repair and condition. The lease is granted within the Landlord and Tenant Act 1954. The rent includes the Buildings insurance premium which was £262.57 (10/11/2023 – 09/11/2024)

Price and tenure

Offers are invited in the region of £147,500 for the freehold subject to and with the benefit of the tenancy as at completion. This would show an investor a return of just over 7.25% before purchase costs. We are advised VAT is not payable on the sale.

Rates

Rateable Value: - £10,000 (2023 valuation)
We understand qualifying businesses could benefit from a Business Rates reduction of up to 100% under the Small Business Rate Relief scheme. Full details from Teignbridge District Council.

Services

We understand that mains water, drainage and electricity (including 3 phase) are available to the premises.

Legal costs

Each party to be responsible for their own legal costs.

Viewing

Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0746)