£1,700,000
(£56.04/sq. ft)
Industrial for sale52 Buckland Road, Pen Mill Trading Estate, Yeovil, Somerset BA21
30,333 sq. ft
Available immediately
Freehold
About this property
Well located industrial premises on the established Pen Mill Trading Estate
Freehold
2 x units let to Diamond Cut Refinishing Solutions
Passing rent of £166,170 pa (£5.48 psf)
Wault 8 years expiring in 2033
Offers in excess of £1,800,000 reflecting a niy of 8.75% and a ry of 9.46% and a low capital value of £59 psf assuming standard purchaser's cost of 6.1%
52 Buckland Road is located on Pen Mill Trading Estate is strategically located in the thriving town of Yeovil, Somerset, providing excellent transport links and accessibility. Situated just off the A30, it offers easy access to both the A37 and A303, connecting it to key cities such as Bristol, Exeter, and London.
The estate is approximately 1 mile from Yeovil town centre and benefits from proximity to the town's main retail and commercial districts.
52 Buckland Road comprises 2 x industrial units which have been recently refurbished.
Both units are of steel portal frame with profile metal sheet cladding incorporating translucent roof lights, extending to a total of 30,333 sq. Ft.
The Units benefit from an eaves height of 4m to the underside of the haunch rising to 8m at the apex with the main unit incorporating 3 x roller shutter doors and 2 x roller shutter doors within the smaller unit. The units have a shared gated entrance surrounded by a secure fenced parking to the front and a substantial secured yard to the rear.
The site extends to 1.56 acres.
Tenancy:
Both units are fully let to Diamond Cut Refinishing Solutions Ltd, trading as Yeovil Car Magic, with a passing rent of £166,170 per annum (£5.48 psf).
The main unit is let on a new 10 year lease from 10 February 2023 with a passing rent of £120,000 per annum with the smaller unit also let on a new 10 year term from 04 July 2023, with a passing rent of £46,170 per annum*, with a WAULT of 8 years. Both leases have omr rent reviews in 2028.
*Rent increases to £46,170 in July 2025 - to be topped up.
The estate is approximately 1 mile from Yeovil town centre and benefits from proximity to the town's main retail and commercial districts.
52 Buckland Road comprises 2 x industrial units which have been recently refurbished.
Both units are of steel portal frame with profile metal sheet cladding incorporating translucent roof lights, extending to a total of 30,333 sq. Ft.
The Units benefit from an eaves height of 4m to the underside of the haunch rising to 8m at the apex with the main unit incorporating 3 x roller shutter doors and 2 x roller shutter doors within the smaller unit. The units have a shared gated entrance surrounded by a secure fenced parking to the front and a substantial secured yard to the rear.
The site extends to 1.56 acres.
Tenancy:
Both units are fully let to Diamond Cut Refinishing Solutions Ltd, trading as Yeovil Car Magic, with a passing rent of £166,170 per annum (£5.48 psf).
The main unit is let on a new 10 year lease from 10 February 2023 with a passing rent of £120,000 per annum with the smaller unit also let on a new 10 year term from 04 July 2023, with a passing rent of £46,170 per annum*, with a WAULT of 8 years. Both leases have omr rent reviews in 2028.
*Rent increases to £46,170 in July 2025 - to be topped up.
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