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Investment

Investment For Sale Cheddar

PROPERTY ID: 125108

PROPERTY TYPE

Investment

STATUS

Under Offer

SIZE

19,990 sq.ft

Key Features

Accessible location 0.6 miles from the A371 and 10 miles from the M5 motorway.
Warehouses and stores totalling 16,270 sq ft plus 3,720 sq ft of modern offices to include staff areas.
Two separate leases based on 10 year FRI terms with mutual breaks and standard reviews on the 5th anniversaries at a combined rent of £114,000 per annum.
Guide price £1,750,000, reflecting a net initial yield of 6.13%.

Property Details

Two Industrial Units Situated On Cheddar Business Park On Opposite Sides Of The Main Access Road. Unit 6 Is A Detached Two Bay Unit While Unit 3 Is A Single Bay Semi-detached Unit, Both Are Of Steel Portal Frame Construction With Infilled Blockwork Elevations Up To 2.30m, Then Clad In Insulated Corrugated Metal Sheet Panels. Unit 6 Has The Added Benefit Of A Lean-to Extension But Both Units Provide A Good Minimum Eaves Height, Unit 6 - 4.70m & Unit 3 - 5.30m. Access Into Either Unit Is Via A Pedestrian Door Or Via A Roller Shutter Door; Unit 6 Benefits From Three Roller Shutter Doors. Internally, Both Units Provide Open Plan Warehousing & Stores And A Two Storey Office Block, This Is Predominantly Constructed Of Blockwork Elevations In Each Unit. Both Office Areas Consist Of A Reception, Offices, Meeting Rooms, Kitchen, Stores And Wc Block. Unit 3's Plot Extends To 0.328 Acres While Unit 6's Plot Extends To 0.546 Acres, Providing A Total Area Of 0.874 Acres. Accessible Location 0.6 Miles From The A371 And 10 Miles From The M5 Motorway. Warehouses And Stores Totalling 16,270 Sq Ft Plus 3,720 Sq Ft Of Modern Offices To Include Staff Areas. Two Separate Leases Based On 10 Year Fri Terms With Mutual Breaks And Standard Reviews On The 5th Anniversaries At A Combined Rent Of £114,000 Per Annum. Guide Price £1,750,000, Reflecting A Net Initial Yield Of 6.13%.

About the Agent

Greenslade Taylor Hunt

See Agent's Other Properties

Investment Unit

£1,750,000 Freehold

Unit 3 & 6,Wedmore Road, Cheddar, BS27 3EB
Investment - Under Offer
19,990 sq ft
1,857 sqm
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