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For Sale

Unit 20 Walkham Business Park

Specifications

3,637 Sq Ft (337.88 Sq M)
£
For Sale: £530,000 Freehold
Unit 20 Walkham Business Park, Burrington Way, Plymouth, Devon, PL5 3LS
Current Brochure

Summary

Industrial investment
Majority let for 10 years
Rental income of £36,000 pa
Redevelopment potential (STP and lease terms)
NIY - 6.48%

Description

The property comprises a scaffolding yard with a porta cabin office and a small unit which will be subject to a new lease upon completion of the sale.

The adjoining unit is currently let to a vehicle MOT / repair company.

Location

The property is located on Pilgrims Avenue which is accessed from Burrington Way, the main spine road for the Burrington Estate.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a gross internal basis.

Office - 94.43 sq m (1,016 sq ft)
Unit - 80.11 sq m (862 sq ft)
Vehicle Repair Unit - 163.39 sq m (1,759 sq ft)

Site Area - 0.462 acres

Business Rates

Jack Stoneman Scaffolding Ltd - From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £39,250. Therefore making the approximate Rates Payable £19,586 per annum for 2022/23.

Vehicle Repair Unit - Interested parties are advised to confirm the rating liability with Plymouth City Council.

Services

We understand that mains electricity, water and drainage are connected to the scaffolding yard.
We understand that only mains electricity is connected to the vehicle repair unit. These services have not been tested by the agents. Interested parties should make their own enquiries.

EPC / MEES

Awaited

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

The property has been elected for VAT and therefore VAT will be charged on the price.

Agent Contacts