Multi-let industrial estate with active management potential.
Located at Walford Cross, Taunton on the A38 and midway between junctions 24 and 25 of the M5 motorway.
Large site of 9.5 acres with 65,989 sqft. of warehouse accommodation together with let storage land.
Fully let to 8 tenants with a WAULT to tenant lease expiry of 5.71 years and to tenant breaks of 2.92 years.
Currently producing a rent of £289,268 per annum which excluding the let land equates to £3.60 per sqft. Rents are considered reversionary to an estimated £318,620 per annum.
Planning permission has been granted to develop a further 11 industrial units.
Freehold.
Offers in excess of £3,425,000 (Three Million Four Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 7.93% and a reversionary yield of 8.73% assuming standard purchasers’ costs of 6.50%.
Underlying low capital value of £360,500 / acre overall and £41.50 per sqft. on the buildings excluding the let land.
No ACF gallery field data found
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