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Light Industrial for sale

Estover Technology Centre, Estover Road, Plymouth, PL6

Removed 19,061 sq. ft. | £495,000

Property Description

Commercial information

  • 19,061 sq ft (1,770 sq m)

Key features

  • Detached industrial unit
  • Large yard/parking area
  • Offices to the front and side
  • 495,000 for the freehold

Full description

Tenure: Freehold

The property comprises of a single storey office block to the front and side of the building which gives access to a large open plan warehouse area. To the rear of the warehouse is further office space within a two storey extension which also includes additional office space on the first floor.

To the left hand side of the property is access to a large car parking / yard area which also wraps around the rear of the property. The roller shutter to the warehouse is accessed from this car parking / yard area.

Location

The property is located within Estover Industrial Estate which is an established industrial location approximately 4.5 miles north of the City Centre of Plymouth.

Estover Road is accessed directly from Plymbridge Road which is the main arterial road from Marsh Mills to the north of Plymouth. The A38 Devon Expressway is nearby providing excellent road links joining the M5 at Exeter.

Accommodation

All areas are approximate and measured in accordance with the RICS Code of Measuring Practice on a gross internal basis.

Ground Floor 1,521.2 sq m / 16,374 sq ft
First Floor 249.6 sq m / 2,687 sq ft.
Total 1,770.8 sq m / 19,061 sq ft.
Site area 0.87 acres

Planning

The property benefits from B1, B2 and B8 planning permission under application number 13/02080/FUL. It should be noted that no more than 8,393 sq ft (780 sq m) of the building can be used for office use as the principle use.

There is a restrictive covenant on the title prohibiting any retail warehouse use. There is also a restriction allowing only B1 & B2 uses.

CAPITAL ALLOWANCES
As the property is currently owned by City College Plymouth they have not claimed any of the capital allowances for any of the work undertaken to the property, thus any prospective purchaser may be able to benefit from these reductions. Please enquire for further information.


Rent / Price

Price £650,000

Terms

The freehold of the property is available. Alternatively our client would give consideration to letting the property on a new full repairing and insuring lease.

Rateable Value

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current rateable value is £64,500 effective from 1st April 2010 therefore making the rates payable approx. £32,057 per annum for 2016/2017.

Interested parties are advised to confirm the rating liability with Plymouth City Council.

Services

We understand that mains electricity, gas, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

E (101).

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are subject to VAT where applicable.


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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