Harlequin House, Forde Court, Newton Abbot, TQ12 4BT_Property for Sale
Harlequin House, Forde Court, Newton Abbot, TQ12 4BT_Property for Sale
Forde Court, Newton Abbot, TQ12 4BT, UK

Harlequin House, Forde Court, Newton Abbot, TQ12 4BT

Asset description

Situated on Forde Road in Brunel Industrial Estate with easy access to the A380. Modern detached warehouse building, with ground and two upper storey office accommodation.


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Attributes

Asking price
€2,793,000
Building area gross
3,163 sm
Occupancy
100%

Media

Investment highlights

• Situated on Forde Road in Brunel Industrial Estate with easy access to the A380

• Modern detached warehouse building, with ground and two upper storey office accommodation 

• The main warehouse facility comprises 34,050 sq ft (3,153.36 sq m) GIA on a site area of 0.408 acres (0.165 ha)

• The tenant has installed an extensive mezzanine throughout the unit

• Freehold

• FRI lease to International Dance Supplies for a 10-year term from 5th June 2023, with a break option on 11th October 2029

• AWULT of 9.69 years to expiry and 5.69 years to break

• Current rent of £180,511 per annum, equating to a base rent of £8.40 per sq ft on the unit

• Strong tenant covenant of International Dance Supplies Limited with a Creditsafe rating of 73 highlighting a “very low risk”

• We are instructed to seek offers in excess of £2,400,000 (Two Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.00% (assuming purchaser’s costs of 6.36%), equating to a capital value of £111.60 per sq ft 


Contact brokers

Harlequin House, Forde Court, Newton Abbot, TQ12 4BT (0 Properties)

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Last updated
Mar 14, 2024