Commercial Property for sale

Duncircle Ltd/Dunball Wharf

Guide Price £2,500,000

Property Description

Key features

  • Annual Rental Income £180,000 - £190,000
  • 6.2 Acre Site
  • 7 - 8% Investment Return
  • Close to M5 Motorway

Full description

Description
Duncircle Limited is a private company for sale by way of transfer of 100% of share capital.The only asset held by the company is the freehold of the Dunball Wharf site. The sale will exclude any cash balances held by the company.

Viewing
The property may only be viewed by prior appointment with the selling agents.

Tenancies & Leases
Full lease details are available on request. Hanson Aggregates occupy the sand wharf on a 15 year lease from 14th January 2010, with a shorter lease term on the site of a weighbridge. Three other occupiers are on site, several "holding over" on expired lease terms. All buildings on the premises are occupied by Wessex Recycling Limited with other occupiers in yard areas only.

Rental Income
Current rental income is annually in the region of £180,000 - £190,000 all of which is collected plus VAT at 20%. (There is some small fluctuation depending on imported tonnage).

VAT
Value Added Tax will not apply to the company share sale but should the freehold property be sold independently of the company then VAT will apply (currently at 20%).

Price
The company is for sale with offers invited, guide price £2,500,000 which includes the freehold property held. Subject to contract

Information
For all further information contact the selling agents Tamlyn & Son Limited, telephone 01278 4582421 or Ian Walker of Tamlyns on mobile telephone number 07850 335929

Disclaimer
These particulars are provided for information only and although every care is taken, their accuracy is not guaranteed and shall not be deemed to form part of any contract.The photographs provided are for identification purposes and are not definitive in respect of any boundary positions.

More information from this agent

Nearest stations

  • Bridgwater (2.5 mi)
  • Highbridge & Burnham (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Tamlyn & Son Estate Agents , Bridgwater

56 High Street, Bridgwater, TA6 3BN

01278 801020 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.

Map & Street View

Nearest stations

  • Bridgwater (2.5 mi)
  • Highbridge & Burnham (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Tamlyn & Son Estate Agents , Bridgwater

56 High Street, Bridgwater, TA6 3BN

01278 801020 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.

Disclaimer - Property reference 7102389. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tamlyn & Son Estate Agents , Bridgwater. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.