Investment For Sale, Willand

Ethmar Court is located within a popular business park recently established on the edge of the town of Willand. Access to the M5 motorway is around 2 miles away at Junction 27 where the A361 North Devon Link Road also begins, and Junction 28 of the M5 (Cullompton) is around 3 miles to the south. Junction 29 (Exeter) is around a further 10 miles.

Multi-let Industrial Investment

Approx: 7,435 Sq Ft (690 Sq M)

High Specification, Steel Portal, Frame

Net Initial Yield 8.44%

Passing Rent: £48,675 P.a.

Ethmar Court Is Located Within A Popular Business Park Recently Established On The Edge Of The Town Of Willand. Access To The M5 Motorway Is Around 2 Miles Away At Junction 27 Where The A361 North Devon Link Road Also Begins, And Junction 28 Of The M5 (cullompton) Is Around 3 Miles To The South. Junction 29 (exeter) Is Around A Further 10 Miles.

Ethmar Court Is A Development Of 3 Terraces Constructed In 2008 Comprising A Total Of 15 Business Units Of High Specification, Steel Portal Frame Construction With Brick Walls To Part Lower Elevations And Fully Insulated Steel Sheet Cladding To The Remaining Elevations And Roof.

Set Within An Attractive Landscaped Setting, Each Property Has Allocated Car Parking Spaces Within Brick Pavior Parking Areas.

Services
We Understand The Properties All Have Access To Mains Electricity, Water, Drainage And That Gas Is Available On The Estate.

Proposal
The Property Is Offered For Sale Freehold, At A Guide Price Of £550,000 Please Contact Agent For Further Details.

Vat Is Applicable To This Sale.

Service Charges Are Apportioned As Below
A1 - 7.56%
A2 - 9.59%
A3 - 5.41%
A4 - 5.43%

Each Party To Bear Their Own Legal Costs In The Transaction.

Unit Epc Expiry
Unit A C (75) 30 May 2033
Unit B C (64) 30 May 2033
Unit C C (64) 31 May 2033
Unit D D (95) 31 May 2033

Lease Terms

Unit A: Quantum Production Limited
Expiry: July 2030
Break: N/a
Review: July 2028

Unit B: Quantum Production Limited
Expiry: July 2030
Break: N/a
Review: July 2028
Rent: £29,175

Unit C: Winches Uk Ltd
Expiry: May 2033
Break: 2026
Review: Nov 2026
Rent: £9,500

Unit D: Private Individual
Expiry: Feb 2030
Break: 2028
Review: N/a
Rent: £10,000

Total Rent: £48,675

Quantum Production Limited (01538194) Incorporated January 1981.

Winchesuk Ltd (10940963) Incorporated August 2017. Retailer Of Winches, Fittings And Accessories.

Private Individual.

Land At Ngr 303681 111677 Willand Cullompton Devon Ex15 2rf - (05/02177/out) Outline For The Development Of Land For Employment Classes Within Use Classes B1 (business), B2 (general Industrial) And B8 (storage Or Distribution)

(07/01471/marm) Reserved Matters For The Erection Of 15 Business Units.