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Commercial Property for sale

Duncircle Ltd/Dunball Wharf

Removed £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

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.

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).

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%).

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

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

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

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