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For Sale

Unit 15 West Devon Business Park

Specifications

3,968 Sq Ft (368.63 Sq M)
£
For Sale: £400,000 Freehold
Unit 15 West Devon Business Park, Brook Lane, Tavistock, Devon, PL19 9DP
Current Brochure

Summary

Fully let trade counter investment
Let to Screwfix Direct Ltd
Producing £27,000 pax
Popular location in Tavistock
Long leasehold for sale
NIY 6.48% assuming purchasers costs of 4.18%

Description

The property comprises a detached warehouse/ trade counter premises. There are 5 customer parking spaces to the front of the property and 5 private parking spaces to the rear. Internally it has been fitted out by the tenant to be an open-plan warehouse with trade counter, office, staff room and staff WCs to the front.

To the left of the unit, we understand that there is circa 2,000 sq ft. of secure yard space which, as per Schedule 2 of the Underlease, the tenant has rights over the land to use the area for storage.

Location

The property is located on the West Devon Business Park on the outskirts of Tavistock. The business park provides a mix of retail, office and industrial users with a Morrisons supermarket on the adjoining site.

Accommodation

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

Ground floor - 346.4 sq m (3,728 sq ft)
Mezzanine - 22.3 sq m (240 sq ft)
Total - 368.6 sq m (3,968 sq ft)

Service Charge

A service charge is levied for the upkeep and maintenance of the estate, which the tenant is responsible for paying.

Business Rates

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £22,750, therefore making the approximate Rates Payable £11,352 per annum for 2024/25. Interested parties are advised to confirm the rating liability with West Devon Borough Council.

Services

We understand that mains electricity and water are connected to the property. Drainage goes to a private pumping station and then the mains. These services have not been tested by the agents. Interested parties should make their own enquiries.

EPC / MEES

E (113)

Legal Fees

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

VAT

All figures quoted are exclusive of VAT if applicable.

Agent Contacts