Light Industrial for sale

Dawlish Business Park, Dawlish, Devon, EX7

5,350 sq. ft. | £375,000

Property Description

Key features

  • Investment Opportunity
  • Good location
  • Current income: 33k annually
  • Car parking
  • Potential to extend the current building subject to planning

Full description

LOCATION:
Dawlish Business Park lies on the northern fringe of the busy resort town of Dawlish, approximately 11 miles South of Exeter. The property is situated just off the main Dawlish to Exeter Road (A379) providing easy access to Exeter and the M5 as well as to the immediate hinterland of Dawlish/ Teignmouth and within easy access of Newton Abbot and Torbay.

DESCRIPTION:
Charter House is located close to the entrance of Dawlish Business Park and comprises of a modern terrace of 5 Units of two storey portal frame construction incorporating block -work / facing brickwork walls with steel profile cladding to the upper elevations and pitched roof. To the front of this building there is a concrete surfaced driveway and parking area with a secure yard that is accessed through steel security gates that are shared with the adjoining new development known as Matthews House. The property is currently arranged as two separate demises, which are described as follows:

UNITS 1 - 2 CHARTER HOUSE
Forming the first two units of the terrace, nearest the estate road, and arranged on the ground floor as an office/reception area in Unit 1 and a store in Unit 2, both of which have powder coated aluminium glazed panels incorporating double doors to the front elevation. Unit 1 incorporates a rear stairwell with a toilet on the ground floor and staircase giving access to a first floor that is arranged as a large office and a further toilet, with a landing extending over Unit 2 which comprises a further office, kitchen, store and passageway store.

UNIT 3 - 5 CHARTER HOUSE
Forming the remaining part of the terrace and comprising Unit 3, now separately let as photographic studios and offices on ground and first floor, and Units 4 & 5 let as a whole as stores, offices and training areas. Each unit has a roller shutter loading door to the front elevation and windows to the upper and side elevation. Outside there is a reasonable sized yard to the side of Unit 5 that is used by the tenant of Units 4 / 5 for open storage and parking.

ACCOMMODATION:
The property comprises of the following approximate areas:

UNIT 1
Ground Floor GIA 50.00 sq m 538 sq ft
Includes Office/Reception 31.50 sq m 338 sq ft
Meter Cupboard
Toilet with disabled spec comprising low level W.C wash hand basin and tiled floor
First Floor GIA 50.00 sq m 538 sq ft
Includes Office 27.03 sq m 290 sq ft
Toilet with W.C. wash hand basin, vanity unit and fully tiled

UNIT 2
Ground Floor GIA 50.00 sq m 538 sq ft
Store
First Floor GIA 50.00 sq m 538 sq ft
Office 26.83 sq m 288 sq ft
Store 6.14 sq m 66 sq ft
Passage way store 2.40 sq m 25 sq ft
Kitchen, 4.48 sq m 52 sq ft
Tiled floor, single drainer stainless steel sink unit worktop and cupboards
CAR PARK: Parking area to the side of Unit 1 provides approximately 8 parking spaces.

UNIT 3
Ground Floor Studio/Toilet 50.00 sq m 538 sq ft
First Floor Office 50.00 sq m 538 sq ft
CHARTER HOUSE, DAWLISH BUSINESS PARK, EXETER
ROAD, DAWLISH, DEVON, EX7 0NH

UNIT 4
Ground Floor Store/Toilet 50.00 sq m 538 sq ft
First Floor Office 50.00 sq m 538 sq ft

UNIT 5
Ground Floor Store 50.00 sq m 538 sq ft
First Floor Store / Office GIA 50.00 sq m 538 sq ft
Office 1 26.83 sq m 288 sq ft
Office 2 22.78 sq m 245 sq ft
Stores 96.77 sq m 1,041 sq ft

YARD:
177 sq m 1,816 sq ft
A reasonable sized surfaced open storage area to the side of Unit 5.

TOTAL AREA:
500.00sq m 5,380 sq ft
(All areas are approximate)

SERVICES:
Mains water, electricity and drainage are connected to the units.

TENURE:
Freehold

TENANCIES:

UNITS 1 & 2: Tenant: Teign Accountancy Services (Graham Bird)
Lease commencing 01/12/2012 for a term of 5 years with a rent review in the 3rd year, on FR & I terms at 14,500 pax.

UNIT3:
Tenant: Birdsey Group
Lease commencing July 2015 for a term of 3 years on FR & I terms at 6,500 pax.

UNITS 4 & 5:
Tenant: SGC Rail Solutions Ltd
Lease commencing January 2015 for a term of 5 years on FR & I terms subject to break and rent review in 3rd year at 12,000 pax

TOTAL RENT:
33,000 pax The tenants pay a service charge to cover the building insurance and repair / maintenance of common areas.

TERMS:
Offers in excess of 375,000 (Three Hundred & Seventy Five Thousand Pounds) subject to
contract, are invited for the Freehold interest of the property, subject to the leases and income.

COSTS:
Each party to be responsible for their own costs in connection with this transaction.

More information from this agent

Nearest stations

  • Dawlish Warren (0.7 mi)
  • Dawlish (1.1 mi)
  • Starcross (2.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Dawlish Warren (0.7 mi)
  • Dawlish (1.1 mi)
  • Starcross (2.1 mi)
Distances are straight line measurements from centre of postcode

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