Harlequin House, Forde Court, Newton Abbot, TQ12 4BT_Actifs en vente
Harlequin House, Forde Court, Newton Abbot, TQ12 4BT_Actifs en vente
Forde Court, Newton Abbot, TQ12 4BT, UK

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

Description de l'actif

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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Caractéristiques de l'actif

Prix attendu
2 848 000 €
Surface de l'actif brut
3 163 m²
Occupation
100 %

Média

Points clés d'investissement

• 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 


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Harlequin House, Forde Court, Newton Abbot, TQ12 4BT (0 actifs)
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Dernière mise à jour
14 mars 2024