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South View Industrial Estate

58,280 SF 100% Leased Industrial Building Willand EX15 2QW £5,600,000 (£96/SF) 7.32% Net Initial Yield

Investment Highlights

  • Modern industrial premises with warehouse, manufacturing facilities and offices
  • Good turning circle for deliveries with concrete yard
  • Benefits from double loading bays, electric roller shutter doors

Executive Summary

Offers in the region of £5,600,000 reflecting a NIY of 7.32% assuming 6.61% purchasers costs. A purchase at this level reflects a low capital value of £96 psf (on ground floor GIA).
The property is available Freehold subject to a simultaneous sale and lease back to Western Commodities

Property Facts

Price £5,600,000
Price Per SF £96
Sale Type Investment
Net Initial Yield 7.32%
Sale Conditions Sale & Leaseback
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.97 AC
Rentable Building Area 58,280 SF
Number of Floors 3
Year Built 2020
Parking Ratio 0.43/1,000 SF
  • Listing ID: 34057360

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: South View Industrial Estate, Willand EX15 2QW

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