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Plymbridge House Estover Rd

38,283 SF 100% Leased Industrial Building Plymouth PL6 7PY £5,250,000 (£137/SF) 6.25% Net Initial Yield

Warehouses Devon Plymouth Estover Rd, Plymouth, DEV PL6 7PY

Investment Highlights

  • Freehold industrial investment comprising four modern warehouse units
  • The estate occupies a high profile position fronting Estover Road
  • The property was significantly redeveloped in 2018 and comprises steel clad elevations and steel roofs
  • Situated on the popular and well established Estover Industrial Estate, located 4 miles north of Plymouth City Centre
  • The units provide a total of 38,283 sq ft of industrial accommodation, situated on a site of 1.92 acres
  • The units are let to Altilitech Ltd and MacFarlane Group UK Ltd at a current rent is £350,220 per annum, averaging £9.15 per sq ft

Executive Summary

The freehold of this industrial investment opportunity is available for the guide price of £5.25 million providing a yield of 6.25%.

Attachments

Marketing Brochure/Flyer

Property Facts

Price £5,250,000 Building Class B
Price Per SF £137 Lot Size 1.92 AC
Sale Type Investment Rentable Building Area 38,283 SF
Net Initial Yield 6.25% Number of Floors 1
Tenure Freehold Year Built/Renovated 1976/2018
Property Type Industrial Parking Ratio 1.23/1,000 SF
Property Subtype Warehouse Clear Ceiling Height 23 ft 3 in
Price £5,250,000
Price Per SF £137
Sale Type Investment
Net Initial Yield 6.25%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 1.92 AC
Rentable Building Area 38,283 SF
Number of Floors 1
Year Built/Renovated 1976/2018
Parking Ratio 1.23/1,000 SF
Clear Ceiling Height 23 ft 3 in
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+44 117 917 4536

  • Listing ID: 32514449

  • Date on Market: 19/07/2024

  • Last Updated:

  • Address: Estover Rd, Plymouth PL6 7PY

The Industrial Property at Estover Rd, Plymouth, PL6 7PY is currently available For Sale. Contact Knight Frank LLP for more information.

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Nick Thurston

+44 117 917 4536

+44 117 917 4536

Steve Oades

+44 117 917 4548

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