Under OfferOffers in the Region Of £450,000
Armada Point Estover Trading Estate Estover Road Unit B
Plymouth PL6 7PY
For Sale within the popular and well-established industrial and commercial district of Estover, Plymouth. Estover, located about five miles north of Plymouth City Centre, is a prime location home to manufacturing companies such as The Wrigley Company, Fine Tubes Ltd, Pilkington Glass, Underhill Engineering and The Barden Corporation. Armada Point is easy to access off Estover Road, via Plymbridge Road which provides connections to the A38 Devon Expressway (1.5 miles). The A38 provides an excellent regional road link, joining the M5 at Exeter North.
The unit comprises an pen plan warehouse with two storey amenity block containing offices, reception and welfare facilities.
The unit benefits from 3 phase electricity, yard / car park to the front, additional car parking spaces at the end of the terrace of units, an electric roller shutter and minimum eaves height 5.28 m (17.3 ft).
The property is currently held on a full repairing and insuring lease subject to a schedule of condition for 10 years expiring on 1st December 2018. The current rent is £41,500 pax. After the allowance of purchasers costs of 4.75% this provides a net initial yield of 8.8%.
Plumer House Tailyour Road, Crownhill Plymouth PL6 5DH
These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility. Intending purchasers or tenants should satisfy themselves as to the accuracy of all statements and representations before entering into any agreement. No employee or partner of Bruton Knowles has authority to make or give any representation or warranty in relation to the property.
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