Under Offer - Walford Cross, Taunton, Somerset

Under Offer
Under Offer - Walford Cross, Taunton, Somerset

  • 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.
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