Property Details: Units 4a, 4b & 4e, Pennygillam Industrial Estate Quarry Crescent Launceston PL15 7PF

  • Units 4a, 4b & 4e, Pennygillam Industrial Estate Quarry Crescent Launceston PL15 7PF
  • 325-5473
  • 325-5474
Freehold For Sale
Size: 2811.3 sq m (30261 sq ft) Investment
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    Key Features

    • Fully occupied industrial investment opportunity
    • Let to a range of occupiers including Fedex UK Limited and Samworth Brothers Ltd
    • Currently producing a rental of £93,000 pax with scope to increase to £108,000 pax
    • Reflecting a net initial yield of 7.03% reversionary to 8.17%
    • Asking price £1,250,000

    Description

    The subject property is on the eastern side of Quarry Crescent on a site elevated above the land to the west and south. Neighbouring units are in a range of storage, manufacturing and service uses.

    The property comprises a site extending to 1.13 acres (49,440 sq ft) which provides 5 warehouse units with shared yard, access road and communal parking area. Of the five units, three are occupied by FedEx on a formal lease agreement, one is let to Samworth Brothers Ltd. on a temporary agreement and the final one is occupied by Active 8 gym.

    The main industrial buildings are assumed to have been built in the early 1990's of steel portal frame construction with insulated metal sheet elevations, pitched roof, internal block walling to 2m on two elevations and a solid concrete floor.

    Property Location: Units 4a, 4b & 4e, Pennygillam Industrial Estate, Quarry Crescent, Launceston, Cornwall,PL15 7PF

    Key Contact:

    Chris Ryland BSc (Hons)

    • Office: 01752 670700
    • Mobile: 07917 276772
    • Direct Dial : 01752 907513

    Quick Enquiry: Chris Ryland BSc (Hons)

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