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Units 1 - 4, Estover Road, Plymouth, Devon, PL6

For sale: £5,250,000.00|38,238 Sq Ft|General Industrial, Light Industrial, Trade Counter, Retail Park, Industrial, Retail

Property details

FOR SALE£5,250,000.00
SIZE38,238 Sq Ft
ADDRESSUnits 1 - 4, Estover Road, Plymouth, Devon, PL6
TYPEGeneral Industrial, Light Industrial, Trade Counter, Retail Park, Industrial, Retail
TENUREFor Sale Freehold
POSTED ON10th July 2024

Description

FREEHOLD MULTI LET INDUSTRIAL ESTATE - Freehold industrial investment comprising four modern warehouse units.
Situated on the popular and well established Estover Industrial Estate, located 4 miles north of Plymouth City Centre.
The estate occupies a high profile position fronting Estover Road.
The units provide a total of 38,283 sq ft of industrial accommodation, situated on a site of 1.92 acres.
The property was significantly redeveloped in 2018 and comprises steel clad elevations and steel roofs.
The units are let to Altilitech Ltd and MacFarlane Group UK Ltd.
The current rent is £350,220 per annum, averaging £9.15 per sq ft.
WAULT of 7.25 years to expiry and 4.11 years to break.
Instructed to seek offers in excess of £5,250,000 / 6.25% NIY (assuming purchasers costs of 6.60%).

Location

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Location: Units 1 - 4, Estover Road, Plymouth, Devon, PL6

Plymouth (3.8 miles)

Keyham (4.5 miles)

Bere Ferrers (4.5 miles)

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