Unit 1, Dunball Industrial Estate

Bristol Road, Bridgwater, TA6 4TP, UK

Description

The property comprises a detached purpose built industrial unit with ancillary office accommodation totalling 36,050 sq ft (excluding tenant’s mezzanine). The building is of steel portal frame construction with profiled metal cladding under a pitched steel roof and has an eaves height of 5 metres.

The unit benefits from a secured 35 metre service yard which is located to the rear of the unit with 63 car parking spaces at the front.

...

Attributes

Building area gross

3,350 m²

Occupancy

100%

WAULT

4.1 years

Asking price

CN¥29,610,000

Media

Investment Highlights

Located in Bridgwater, a prime South-West industrial distribution location on the M5 between Bristol and Exeter
Single let industrial building totalling 36,050 sq ft (excluding tenant mezzanine)
Let to Trelleborg expiring 31st March 2030 (AWULT of 4.15 years)
Capital value of only £87.66 sq ft
Situated in a prominent position on the newly upgraded Dunball roundabout, fronting both the A38 and A39 and only 0.25 miles from Junction 23 of the M5
Site area of 3.302 acres (1.335 ha) providing a very low site cover of 22.8%
Passing rent of £252,350 p.a reflecting £7.00 psf, which is below our opinion of the ERV
Freehold

We are instructed to seek offers in excess of £3,160,000 (Three Million, One Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.50% (assuming purchaser's costs of 6.47%)