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Investment

Investment For Sale Cullompton

PROPERTY ID: 135448

PROPERTY TYPE

Investment

STATUS

Available

SIZE

8,068 sq.ft

Key Features

Purpose built Agronomy Centre
Easily accessible location
100% let and income producing
Current income of £58,550 pax
Good quality tenant
Reversionary potential - rent review due on part
WAULT 10:88 years to expiry
WAULT 4:88 years to Break

Property Details

The Agronomy Centre is strategically located in close proximity to the B3181, just north of Willand. Langlands Business Park and a solar farm are within the wider vicinity. Cullompton is the nearest town, with a population of approximately 8,500. It is situated adjacent to the M5 motorway and fourteen miles North of Exeter. Road communications to the town are, therefore, excellent. The property is approximately 2 miles from the M5. Cullompton has a good range of local services and also benefits from a relatively good level of employment opportunities from the industrial estates, within the town and at Willand, with Tesco's as a large occupier to the north of Cullompton. It is also very convenient for commuting to Exeter and larger employment centres.

The Site Benefits From Two Access Points And Currently Includes A Mix Of Warehousing, Office And Storage Accommodation. There Is A Purpose-built Chemical Store Along With A Single Storey Portacabin Type Office Set With Parking For Approximately 20 Vehicles. There Is An Additional Warehouse On Site. The Chemical Store Is Of Steel Portal Framed Construction With Profiled Steel Dual Pitched Roofs And Concrete Floors. The Chemical Store Has A Roller Shutter Door To The Front Elevation. The Office Building Is Of Steel Framed Construction With Profiled Steel Dual Pitched Roofs And Wall Cladding. The Internal Walls Are Insulated. There Are Electric Wall Mounted Radiators. The Fenestration To The Office Building Comprises Upvc Double Glazed Doors And Windows. The Office Has Carpet And Vinyl Floor Coverings, A Suspended Ceiling With Recessed Lighting. The Site Provides Ample Parking As Well As Loading And Turning Space For Lorries Entering The Site. There Is A Second Office And Large Silos Which We Understand Are Tenant Improvements Which Are Not Included In The Measurements. Location The Agronomy Centre Is Strategically Located In Close Proximity To The B3181, Just North Of Willand. Langlands Business Park And A Solar Farm Are Within The Wider Vicinity. Cullompton Is The Nearest Town, With A Population Of Approximately 8,500. It Is Situated Adjacent To The M5 Motorway And Fourteen Miles North Of Exeter. Road Communications To The Town Are, Therefore, Excellent. The Property Is Approximately 2 Miles From The M5. Cullompton Has A Good Range Of Local Services And Also Benefits From A Relatively Good Level Of Employment Opportunities From The Industrial Estates, Within The Town And At Willand, With Tesco's As A Large Occupier To The North Of Cullompton. It Is Also Very Convenient For Commuting To Exeter And Larger Employment Centres. Accommodation All Areas Are Approximate And Measured In Accordance With The Rics Property Measurement (2nd Edition) On A Gia Basis. Chemical Store/warehouse: 5,024 Sq Ft 466.74 (sq M) Office 1 1,073 Sq Ft 99.68 (sq M) Office 2 Tenant's Improvement- Not Included In Areas Warehouse: 1,971 Sq Ft (183.11 Sq M) Total 8,068 Sq Ft (749.53 Sq M) Rent / Price Offers In The Region Of £755,000 For The Freehold. Services We Understand That Mains Electricity, Water And Drainage Are Connected To The Property However These Services Have Not Been Tested By The Agents. Interested Parties Should Make Their Own Enquiries. Epc Contact Agent For Details. Legal Fees Each Party To Be Responsible For Their Own Legal Fees In Relation To This Transaction. Vat Vat Is Applicable.

About the Agent

Investment Unit

£755,000 Freehold

The Agronomy Centre, Cullompton, EX15 2RF
Investment - Available
8,068 sq ft
750 sqm
Show phone number

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