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For Sale

Unit 3 3A 3B & 3C Trenant Industrial Estate

Specifications

9,984 Sq Ft (927.51 Sq M)
£
For Sale: £795,000 Guide Price
Unit 3 3A 3B & 3C Trenant Industrial Estate, Wadebridge, Cornwall, PL27 6HB
Current Brochure

Summary

Industrial investment
Situated on an established and popular industrial estate
Easy access to the main A39 Atlantic Highway
For sale due to retirement of the owners & available for the first time in over 40 years
3 units let & one with vacant possession (due to the owners retiring)
Existing tenants paying a rent of £37,366 p.a. equating to an average rent of £6.04 sq ft
At £6 psf vacant premises adds another £24,500 p.a.
Guide price £795,000 reflecting a net yield of 7.38% after an allowance for purchase costs of 5.48% & assuming Unit 3 is let at £6 psf

Description

These units are comprised within a single commercial building that has been subdivided by the vendors for a mix of their own occupation and letting purposes. It has blockwork elevations under a mix of a pitched roof on steel trusses and a flat roof which was renewed in 2022.

There is parking to the front of the building and a good- sized yard to the rear which offers scope for more parking or storage. Units 3A, 3B and 3C are all occupied. The plot is approximatlery 0.68 acres.

Unit 3 will be vacated on the completion of the sale and will then be available for a new owner to occupy or to let and secure further income.

Location

The Trenant industrial estate is a well-known location on the eastern side of Wadebridge and is host to a wide range of occupiers.

Wadebridge is a popular North Cornwall town located just off the A39 Atlantic Highway with Bodmin and the main A30 just 7 miles away and Padstow 8 miles distant. It is well situated for the very popular cycle way The Camel Trail which links Padstow and Bodmin.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

Unit 3: 379.69 sq m (4,087 sq ft)
Unit: 3A 104.07 sq m (1,120 sq ft)
Unit: 3B 141.33 sq m (1,521 sq ft)
Unit: 3C 302.44 sq m (3,255 sq ft)
Total: 927.53 sq ft (9,984 sq ft)

Service Charge

The vendor's recover the cost of reinstatement insurance from the occupiers on a pro- rata floor area basis.

Business Rates

To be confirmed.

Services

We understand that mains electricity, water and drainage are connected to the properties. These services have not been tested by the agents and interested parties should make their own enquiries.

EPC / MEES

Unit 3 - E (122)
Unit 3A - D (88)
Unit 3B - C (51)
Unit 3C - D (81)

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 rent.

Agent Contacts