Warehouse for sale

Cumberland Drive, Weymouth, Dorset, DT4

Offers in Excess of £3,000,000
84,276 sq. ft.

Property Description

Commercial information

  • 84,276 sq ft (7,829 sq m)

Key features

  • Let to FGP Systems Ltd for 10 years from May 2016 with fixed uplifts in 2021 - rent deposit of 54, 695 held
  • FGP Systems www.fgpltd.co.uk -UK's 5th largest precision engineering company trading for 45 years with 106 staff
  • Set in 3.09 acres with 55% coverage
  • 84276 sq ft- let at 2.59p per sq ft
  • There is on-site parking for approximately 90 cars.

Full description

Tenure: Freehold

ADDRESS: 20-22 Cumberland Drive, Weymouth, Dorset, DT4 9TB
Let to FGP Systems Ltd for 10 years from May 2016 with fixed uplifts in 2021 - rent deposit of 54, 695 held
FGP Systems www.fgpltd.co.uk -UK's 5th largest precision engineering company trading for 45 years with 106 staff
Set in 3.09 acres with 55% coverage
84276 sq ft- let at 2.59p per sq ft
There is on-site parking for approximately 90 cars.
LOCATION
Weymouth, with a population of some 46,000, is a popular south coast resort town and port located approximately 8 miles south of
Dorchester and 16 miles west of Bournemouth. The town is situated at the intersection of the A353 and A354 which in turn
connects to the A35.
SITUATION
The property is situated within the Granby Industrial Estate on Cumberland Drive opposite its junction with Kent Close. Granby
Industrial Estate is occupied by numerous businesses and nearby occupiers includes Bookers, Jewson and BAE Systems. Weymouth
town centre is approx 2 miles to the east.
DESCRIPTION
The property comprises two detached industrial units Set in 3.09 acres. The property comprises industrial units arranged over
ground and first floors. Internally the units are divided into two manufacturing areas at ground floor level with male female and
disable WCs to the rear of the staff accommodation at the first floor level. The first floor provides staff accommodation including a
canteen and meeting room together with a large storage area and small laboratory. There is on-site parking for approximately 90
cars.
ACCOMMODATION
Ground and First Floor (Offices): 18, 361 Sq. Ft., Warehouse : 65, 915 Sq. Ft. , Total : 84276 Sq. Ft.
TENANCY
The entire property is let on a full repairing and insuring lease to FGP Systems Ltd for 10 years from May 2016 at a current rent of
218,779 p.a. with a fixed uplift in 2021 to 240656.90p.a.
RENT: 218,779 per annum VAT: Not Applicable
TENURE: Freehold
PRICE: Offers in excess of 3,000,000 - 6.9% Net


More information from this agent

Nearest stations

  • Weymouth (1.4 mi)
  • Upwey (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

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Map & Street View

Nearest stations

  • Weymouth (1.4 mi)
  • Upwey (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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