Unit 2B Commerce Park, Frome_Property for Sale

Commerce Park, Frome, Somerset, BA11 2FB, UK

Unit 2B Commerce Park, Frome

Asset Description

The property is a purpose-built warehouse consisting of two interconnected units, covering a total area of 43,351 sq ft. The unit is constructed with a steel frame, concrete flooring, blockwork walls, and profile steel sheeting to both walls and roof.

It offers both warehouse and office space, along with ample parking and a sizeable yard at the front and side of the premises.

The warehouse features a generous eaves height of approximately 7.60m (with a haunch height of around 6.00m) and is easily accessible via four level access loading doors at the front of the unit.

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Attributes

Building area gross

4,018 m²

Occupancy

100%

Asking price

€5,233,000

Media

Investment Highlights

Modern industrial unit located on Commerce Park, Frome
Located 12 miles south of Bath and 24 miles south west of Bristol
The warehouse extending to 43,351 sq ft, comprises two interconnecting units to form a single demise
Let to EPD Insulation Group from 31 May 2024 for a term of 10 years at a rent of £325,000 per annum equating to £7.50 per sq ft
Large site area of 2.23 acres site reflecting a site coverage of 41%
Freehold

We are instructed to seek offers in excess of £4,350,000 (Four Million, Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7% (assuming purchaser's costs of 6.56%). Capital value of £100 per sq ft