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Industrial Investment | 1-5 Bude Self Storage Business Centre Bude, Cornwall, EX23 8QN

For sale: £3,955,000.00|23,926 Sq Ft|Industrial, Industrial Park, Light Industrial, Storage, Trade Counter, Retail

Property details

FOR SALE£3,955,000.00
SIZE23,926 Sq Ft
ADDRESS1-5 Bude Self Storage Business Centre Bude, Cornwall, EX23 8QN
TYPEIndustrial, Industrial Park, Light Industrial, Storage, Trade Counter, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON26th July 2022

Description

Clean Industrial Investment , Bude.

We are instructed to seek offers of £3,955,000, reflecting a net initial yield of 5% (Revisionary 5.2% yield).

Good quality modern industrial units re-constructed in 2018

Tenants include Screwfix, Dulux, Toolstation and City Plumbing

Five units comprising 23,926 sq.ft GIA.

Units ranging from 4,293sq. ft to 6,336sq. ft.

100% of the income is secured to National covenants-one unit vacant.

Headline ERV of £227,297 per annum (£9.50 per sq. ft).

Passing rent of £210,665.50 per annum, reflecting an average rent of £8.80 per sq. ft (includes rental guarantees on the vacant unit).

Location

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Location: 1-5 Bude Self Storage Business Centre Bude, Cornwall, EX23 8QN
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