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Agent's details

Property agent
Tom Churchward

Unit 2B And 3, Rapier Court, Sabre Close, Heathfield Industrial Estate, Newton Abbot, Devon, TQ12 6TW

For sale: £375,000.00|5,369 Sq Ft|General Industrial, Industrial

Property details

FOR SALE£375,000.00
SIZE5,369 Sq Ft
ADDRESSUnit 2B And 3, Rapier Court, Sabre Close, Heathfield Industrial Estate, Newton Abbot, Devon, TQ12 6TW
TYPEGeneral Industrial, Industrial
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON11th April 2024

Description

Industrial investment on popular trading estate

Long leasehold industrial investment

Gross Internal Area (GIA): 5,369 sq.ft (498.79 sq.m)

Popular trading estate

Long-leasehold Price: £375,000 per annum

Total rental income: £29,500 pa ex

The premises are located on the popular and well established Heathfield Industrial Estate just off the A38 Devon Expressway at Drum Bridges and approximately 16 miles from Exeter and some 4 miles from Newton Abbot. Established occupiers on the Estate include Wilton Bradley Limited, St Austell Brewery and Mole Valley Farmers.


Units 2B and 3 Rapier Court form part of an early 1990's industrial/warehouse development of steel portal frame construction with insulated profile steel cladding. Previously occupied by a food preparation and distribution company,

Unit 3 comprises an open two-bay unit which was previously intercommunicating with Unit 2B where the ground floor is largely fitted out with freezer, chiller and food preparation facilities.
The property has parking for four cars plus use of a small yard.

VAT will be applied at the standard rate where applicable.

Both parties to bear their own legal costs in the transaction.

An EPC of E is available for this property. Please contact the agent for further details.

Unit 3 - The property is let on a Full Repairing and Insuring lease, held inside the provisions of the 1954 Landlord and Tenant act, expiring August 2025. The passing rent is £14,000 pa ex.

Unit 2B - The property is let on a Full Repairing and Insuring lease, held inside the provisions of the 1954 Landlord and Tenant act, expiring June 2026. The passing rent is £15,500 pa ex.

Please contact the agent for further details.

Camso acquired by Michelin in 2018 is a producer of tyres and tracks and services the South West Region.

Frozenly Limited is a local company that incorporated in December 2016 and manufactures ice cream. Key Features - Long leasehold industrial investment - Gross Internal Area (GIA): 5,369 sq.ft (498.79 sq.m) - Popular trading estate - Total rental income: £29,500 pa ex - Long-leasehold Price: £375,000 per annum ( Agency Pilot Software ref: 2241 )

Location

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Location: Unit 2B And 3, Rapier Court, Sabre Close, Heathfield Industrial Estate, Newton Abbot, Devon, TQ12 6TW

Newton Abbot (4.2 miles)

Teignmouth (7.5 miles)

Torre (8.6 miles)

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