Trafalgar House, Taunton_Property for Sale

Taunton Station, Taunton, TA1 5LY, UK

Trafalgar House, Taunton

Asset description

The property is a purpose-built industrial terrace comprising six trade counter units, covering a total area of 20,200 sq ft. The terrace is constructed from brickwork outer leaf with blockwork and steel profile cladded over.

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Attributes

Building area net

20,200 sf

Occupancy

100%

WAULT

6.4 years

Asking price

$2,475,000

Media

Investment highlights

Comprises is a well located fully let trade counter terrace situated on the Galmington Trading Estate in Taunton
Situated on a prominent corner position, located only 100 meters from the A38
Comprises a terrace of six trade counter units totalling 20,200 sq ft GIA of industrial accommodation
Opportunity to achieve reversion following the recent letting of Units 3-4 achieved a new headline rent of £12.00 psf.
WAULT of 5.70 years to break and 6.40 years to expiry
Current rent of £156,185 per annum, equates to base rent of £7.73 per sq ft across the Property
Site area of 0.88 acres (0.36ha)
Freehold

We are instructed to seek offers in excess of £1,960,000 (One Million Nine 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 6.26%), equating to a low capital value of £97.03 per sq ft