Waverley House, Granby Industrial Estate_Property for Sale

Granby Industrial Estate, Weymouth, DT4 9XD

Waverley House, Granby Industrial Estate

Asset Description

The property is a detached purpose-built warehouse comprising both office, research & development and production uses totalling 51,925 sq ft. The unit is constructed with a steel frame, concrete flooring, blockwork walls, and profile steel sheeting for the walls and roof.

Internally the property has a full mezzanine spanning across the premise. The ground floor is divided into a reception, staff canteen, a number of production rooms, research and development areas and office uses. Similarly, the first floor is divided into production, storage and office areas.

The property benefits from ample parking surrounding the property and a yard at the rear of the premises.

The premises benefits from a well-appointed specification, including central heating, double glazed windows, a generous floor-to-ceiling height, raised floor, suspended ceiling with LED lighting.

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Attributes

Building area net

4,824 m²

Occupancy

100%

WAULT

11 years

Asking price

€3,527,000

Media

Investment Highlights

Prime industrial unit located on Granby Industrial Estate
Located 1.5 miles west of Weymouth and 8 miles south of Dorchester
A detached purpose-built warehouse comprising both office, research & development and production space which extends to 51,925 sq ft
Let to Ultra Electronics CEMS from 29th October 2024 for a term of 11 years at a rent of £250,000 per annum equating to £4.81 per sq ft
Unexpired WAULT of 6 years until break and 11 years until expiry
Large site area of 2.07 acres site reflecting a site coverage of 28.73%
The property is held on a long leasehold of 125 years with an unexpired term of 82 years

We are instructed to seek offers in excess of £2,935,000 (Two Million Nine Hundred and Thirty Five Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 8.00% (assuming purchaser's costs of 6.44%). Capital value of only £56.52 sq ft.