£1,700,000
(£81.93/sq. ft)
Property for saleDevonshire Meadows Broadley Industrial Park, Roborough, Plymouth PL6
20,749 sq. ft
About this property
Purpose built multi-let industrial and commercial estate in established and popular location
Gross income of £156,085.72 pa
Net income ye 30/06/24 £146,184.57 pa reflecting an average rent of approx. £7.00 psf on gia
Oiro £1,700,000 reflecting a niy of 8.65%, assuming purchaser's costs of 6.18%. A purchase at this level reflects a low capital value of approx. £82 per sq ft (on gia)
Approx 98% let and income producing
4 industrial units plus commercial centre providing 16 small office suite units and 1 Industrial unit
Gia - 20,749 sq ft (approx 19,092 sq ft lettable in current configuration)
Good mix of tenants - 19 in total with long standing tenants and newer additions
The opportunity comprises units 21,22,25 and 26 which are arranged in a flexibly designed central block of back-to-back terraced units, and unit 5, a mid-terraced unit.
The main central block comprises 5 industrial units (Unit 23 and 24 sold off on long leaseholds) Unit 26 comprises of 16 small office suites and 1 industrial unit.
The buildings are of steel portal frame construction with part block and part steel panel elevations under a profile roof with translucent light panels. The units benefit from high eaves heights with minimum eaves heights of 5m and roller shutter doors that are 4m high and 4m wide. The floors are typically concrete.
Externally, there is allocated parking and circulation space with landscaped grounds.
Unit 26 has been subdivided into office suites with communal facilities and an industrial unit.
The asset provides a range of different unit sizes and styles offering flexibility to accommodate a variety of occupational requirements.
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