Saltash
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Secure Industrial Investment Opportunity (Business Unaffected)
- Renewed Lease with Passing Rent of £22,200 Per Annum Exclusive
- Strong Occupancy Established Estate Location
- Strong Covenant - Let to Rexel UK Limited (Trading as Denmans)
- Multi-Unit Industrial Premises with Yard & Parking for 6 Vehicles
Description
Saltash is a well-established South East Cornwall town positioned immediately west of Plymouth and forming part of the wider Plymouth travel-to-work area. The town benefits from excellent road communications via the A38 Devon Expressway, providing direct connectivity to Plymouth, Exeter and the wider South West motorway network. Tamar View Industrial Estate is situated on Kingsmill Road, one of Saltash’s principal established commercial and industrial locations. The estate benefits from convenient access to Saltash town centre, the Tamar Bridge and the A38, together with a strong surrounding mix of industrial, trade counter and commercial occupiers. The estate provides an accessible and established business location serving both Cornwall and Plymouth, supporting long-term occupational demand for industrial accommodation in the area.The property comprises Units 1A,B & C, Tamar View Industrial Estate, forming a prominently positioned terrace of industrial/business units within an established industrial estate environment in Saltash. The investment provides opportunity to acquire a let industrial holding producing secure income from an established national occupier. The premises comprise a combination of trade counter, warehousing and ancillary accommodation with associated parking and loading areas. The units benefit from roller shutter loading access and forecourt parking.The estate is well established and benefits from strong accessibility to the surrounding Plymouth and South East Cornwall commercial markets. The property is fully let to Rexel UK Limited on a renewed lease, providing secure income from a nationally recognised covenant with substantial trading history and nationwide occupational presence.
INVESTMENT SUMMARY
TENURE
Freehold – Subject to the occupational lease.
TENANCY & LEASE SUMMARY
The property is let to Rexel UK Limited by way of a renewal lease dated March 2025:
• Tenant: Rexel UK Limited.
• Passing Rent: £22,200 per annum exclusive .
• Lease Term: 5 years from 1st October 2025.
• Rent Review: 3rd October 2026.
• Tenant Break Option: October 2028.
• Repairing Obligations: The lease is effectively Full Repairing and Insuring, with the tenant responsible for repair, maintenance, insurance contributions, service charge and associated occupational.
• Tenant responsible for service charge, insurance and estate costs.
ACCOMMODATION
GROUND FLOOR: 219m2 (2,357 sq ft).
FIRST FLOOR: 113m2 (1,212 sq ft).
REXEL UK LIMITED
Under the Denmans and Rexel brands, Rexel UK Limited is one of the UK's best recognised electrical wholesale and distribution businesses, operating nationally through an extensive branch network supplying electrical products industrial solutions and energy infrastructure services to commercial and trade customers.
The wider Rexel Group reported global revenues in excess of €19 billion in 2025 and operates from approximately 1,950 branches internationally, employing more than 27,000 staff.
Rexel UK Limited operates from an extensive nationwide branch network across the UK and Ireland, with approximately 200 branches nationally.
The tenant has a long-established trading history and substantial national occupational presence. Latest available accounts for Rexel UK Limited report turnover of approximately £705 million.
TENURE
Freehold, subject to the existing occupational tenancy.
The investment is offered subject to the existing lease to Rexel UK Limited.
ACCOMMODATION
The property comprises three interconnected industrial/business units together with ancillary yard and parking areas.
The premises provide workshop, storage and ancillary accommodation suitable for industrial, trade counter and commercial use together with loading access and servicing provision.
VAT
The property is elected for VAT. VAT is payable on the rent.
The purchase price will be shielded from VAT as a TOGC (Transfer of Going Concern) Investment.
Parties are advised to take accountant's advice.
EPC AWAITED
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
VIEWING
The tenant's business is entirely unaffected by the sale and interested parties are requested to be respectful and non-intrusive.
Viewing is strictly by prior appointment with the Sole Agents. Informal viewing or direct tenant contact will not be permitted.
Brochures
Saltash
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Saltash Station1.4 miles
- St. Budeaux Victoria Road Station2.4 miles
- St. Budeaux Ferry Road Station2.4 miles
Notes
Disclaimer - Property reference 12865715. 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 Bettesworths, Devon. 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.