Units 1-5 Libby Court, Kingsmill Road, Tamar View Industrial Estate, Saltash, Cornwall, PL12 6LD
Units 1-5 Libby Court, Kingsmill Road, Tamar View Industrial Estate, Saltash, Cornwall, PL12 6LD
Property Summary
- Busy Location with excellent access on to A38
- Adjacent to Waitrose, B&M Home Store, Screwfix, Topps Tiles, GSF and Euro Car Parts etc.
- Freehold
- Total Floor Area - 372 sqm (4,000 sqft) + Mezzanines (165.5sqm/1,781 sqft)
- 5 Units and fully Let
- All Long term tenants including - Wolseley UK Ltd (Plumb Centre) and SW Ambulance Service
- Total rent - £40,530
- Reversionary potential to ERV of circa £49,200
- We are instructed to seek offers in excess of £600,000 (subject to contract and exclusive of VAT) reflecting a net initial yield of 6.43% (after costs) with potential reversion to 7.81%.
Full Details
SITUATION:
The property is located on the popular Tamar View Industrial Estate at Saltash, Cornwall.
Saltash is situated just across the Tamar River from Plymouth on the west side with excellent access to the A38 trunk road linking it to Exeter and M5 45 miles east.
Adjacent and nearby occupiers include Screwfix, Topps Tiles, Waitrose, B&M, Euro Car Parts, GSF etc.
DESCRIPTION:
The property comprises a single terrace of 5 industrial/trade counter units built in 2000 with mono pitch roof and brick and block lower elevations below profile steel sheet cladding and with parking and yard fronting the units.
ACCOMMODATION:
Ground Mezzanine Total
Unit 1 725 451 1,176
Unit 2/3 728/729 348/487 2,292
Unit 4 725 - 725
Unit 5 1,090 495 1,585
Total 5,778 sqft
538.8 sqm
SERVICES:
Mains services including electric, water and drainage are connected to the units.
TENURE:
The property is Freehold.
TENANCY SCHEDULE:
See brochure for Tenant Schedule details.
VAT:
We understand the property will be treated as a transfer of a Going Concern for VAT purposes.
PROPOSAL:
We are instructed to seek offers in excess of £600,000 reflecting a net initial yield of 6.43% (after purchase costs) with potential reversion to 7.81% subject to contract and exclusive of VAT.
LEGAL COSTS:
Each party are to bear their own legal costs incurred in the transaction.
OTHER:
Under the Money Laundering Regulations 2017, Monk & Partners will require any purchaser to provide proof of identity along with any other associated documents prior to exchange of contracts.
VIEWING AND FURTHER INFORMATION:
Strictly by prior appointment through sole agents:-
Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB
John H Slade, BSc MRICS
Tel: 01752 255222
Mobile: 07770 653516
E-mail: johns@monkandpartners.co.uk
Units 1-5 Libby Court, Kingsmill Road, Tamar View Industrial Estate, Saltash, Cornwall, PL12 6LD
Property Summary
- Busy Location with excellent access on to A38
- Adjacent to Waitrose, B&M Home Store, Screwfix, Topps Tiles, GSF and Euro Car Parts etc.
- Freehold
- Total Floor Area - 372 sqm (4,000 sqft) + Mezzanines (165.5sqm/1,781 sqft)
- 5 Units and fully Let
- All Long term tenants including - Wolseley UK Ltd (Plumb Centre) and SW Ambulance Service
- Total rent - £40,530
- Reversionary potential to ERV of circa £49,200
- We are instructed to seek offers in excess of £600,000 (subject to contract and exclusive of VAT) reflecting a net initial yield of 6.43% (after costs) with potential reversion to 7.81%.
Full Details
SITUATION:
The property is located on the popular Tamar View Industrial Estate at Saltash, Cornwall.
Saltash is situated just across the Tamar River from Plymouth on the west side with excellent access to the A38 trunk road linking it to Exeter and M5 45 miles east.
Adjacent and nearby occupiers include Screwfix, Topps Tiles, Waitrose, B&M, Euro Car Parts, GSF etc.
DESCRIPTION:
The property comprises a single terrace of 5 industrial/trade counter units built in 2000 with mono pitch roof and brick and block lower elevations below profile steel sheet cladding and with parking and yard fronting the units.
ACCOMMODATION:
Ground Mezzanine Total
Unit 1 725 451 1,176
Unit 2/3 728/729 348/487 2,292
Unit 4 725 - 725
Unit 5 1,090 495 1,585
Total 5,778 sqft
538.8 sqm
SERVICES:
Mains services including electric, water and drainage are connected to the units.
TENURE:
The property is Freehold.
TENANCY SCHEDULE:
See brochure for Tenant Schedule details.
VAT:
We understand the property will be treated as a transfer of a Going Concern for VAT purposes.
PROPOSAL:
We are instructed to seek offers in excess of £600,000 reflecting a net initial yield of 6.43% (after purchase costs) with potential reversion to 7.81% subject to contract and exclusive of VAT.
LEGAL COSTS:
Each party are to bear their own legal costs incurred in the transaction.
OTHER:
Under the Money Laundering Regulations 2017, Monk & Partners will require any purchaser to provide proof of identity along with any other associated documents prior to exchange of contracts.
VIEWING AND FURTHER INFORMATION:
Strictly by prior appointment through sole agents:-
Monk & Partners
4 The Crescent
Plymouth
Devon
PL1 3AB
John H Slade, BSc MRICS
Tel: 01752 255222
Mobile: 07770 653516
E-mail: johns@monkandpartners.co.uk
