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Devonshire Meadows Broadley Industrial Park, Roborough, Plymouth, PL6

£2,300,000

£91.10 per sq ft

Business rates & charges may apply

Vickery Holman, Plymouth
SIZE AVAILABLE

25,248 sq ft

2,346 sq m

SECTOR

Commercial property for sale

Key features

  • 5 industrial units plus commercial centre providing 16 small office suite units and 1 industrial unit
  • Gross income of £188,742.22 pa
  • Net income YE 30/06/24 £178,841.07 pa reflecting an average rent of approx. £7.00 psf on GIA
  • OIRO £2,300,000 reflecting a NIY of 7.72%, assuming purchaser's costs of 6.34%. A purchase at this level reflects a low capital value of approx. £91 per sq ft (on GIA)
  • Approx 98% let and income producing
  • GIA - 25,248 sq ft (approx 23,486 sq ft lettable in current configuration)
  • Total of 18 different tenants
  • Good mix of tenants - 16 in total with long standing tenants and newer additions

Description

Devonshire Meadows is a modern industrial and mixed-use development, within a landscaped environment benefitting from a range of tenants.

The opportunity comprises units 21, 22, 24, 25 and 26 which are arranged in a flexibly designed central block of back-to-back terraced units, and unit 5, a mid-terraced unit.

The main central block comprises 5 industrial units (Unit 23 sold off on long leasehold) Unit 26 comprises of 16 small office suites and 1 small industrial unit.

The buildings are of steel portal frame construction with part block and part steel panel elevations under a profile roof with translucent light panels. The units benefit from high eaves heights with minimum eaves heights of 5m and roller shutter doors that are 4m high and 4m wide. The floors are typically concrete.

Externally, there is allocated parking and circulation space with landscaped grounds.

Unit 26 has been subdivided into office suites with communal facilities and an industrial unit.

The asset provides a range of different unit sizes and styles offering flexibility to accommodate a variety of occupational requirements.

Brochures

Devonshire Meadows Broadley Industrial Park, Roborough, Plymouth, PL6

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bere Ferrers Station2.8 miles
  • St. Budeaux Victoria Road Station4.3 miles
  • St. Budeaux Ferry Road Station4.3 miles

About Vickery Holman, Plymouth

3 Longbridge Road Plymouth PL6 8LT

Vickery Holman is a multi-disciplined property company, the roots of which can be traced back as far as 1848. Today, the consultancy has more than 60 people working in four offices, strategically placed across the South West. Vickery Holman is a limited company, owned by its employees, and is a member of the RICS (Royal Institution of Chartered Surveyors).

Our consultants offer a full spectrum of skills in all areas of property, from all aspects of general practice and building surveying, right through to the management of commercial and residential property. Our specialist areas include dispute resolution, development consultancy, valuation, lease consultancy, business rates negotiations, in addition to commercial sales, lettings and acquisitions.

We deliver commercial property opportunities to a wide range of clients from single tenants to large scale investors. Our tailored, personal service aims to empower all our clients, whether they are new to property or seasoned professionals. We believe communication through personal contact is key to highlight those investment opportunities or potential pitfalls.

Can't find what you are looking for here? Call one of our offices in your area to speak to our experts who can identify with your property requirements and guide you through the process to find the right option for you.

Notes

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Disclaimer - Property reference 21112FH. 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 Vickery Holman, Plymouth. 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.

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