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Property Listing Details

Commercial property for sale

Unit 4, Units 4A, 4B & 4E, Pennygillam Industrial Estate, Quarry Crescent, Launceston, Cornwall PL15

  • Investment

£1,250,000

(£41.31/sq. ft)

Property details

  • Floor area 30,261 sq. ft

Features

  • Fully occupied industrial investment opportunity
  • Let to a range of occupiers including Fedex UK Limited and Samworth Brothers Ltd
  • Currently producing a rental of £93,000 pax with scope to increase to £108,000 pax
  • Reflecting a net initial yield of 7.03% reversionary to 8.17%
  • Asking price £1,250,000

Listing view statistics

Last 30 days: 21 page views

Since listed: 195 page views

Description

The subject property is on the eastern side of Quarry Crescent on a site elevated above the land to the west and south. Neighbouring units are in a range of storage, manufacturing and service uses.

The property comprises a site extending to 1.13 acres (49,440 sq ft) which provides 5 warehouse units with shared yard, access road and communal parking area. Of the five units, three are occupied by FedEx on a formal lease agreement, one is let to Samworth Brothers Ltd. On a temporary agreement and the final one is occupied by Active 8 gym.

The main industrial buildings are assumed to have been built in the early 1990's of steel portal frame construction with insulated metal sheet elevations, pitched roof, internal block walling to 2m on two elevations and a solid concrete floor.

Map & Nearby

Local Amenities

  • Torpoint Ferry Terminal 19.1 miles
  • Devonport Ferry Terminal 19.2 miles
  • St Catherine's CofE Primary School 0.2 miles
  • Launceston College 0.8 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Torpoint Ferry Terminal 19.1 miles
  • Devonport Ferry Terminal 19.2 miles
  • St Catherine's CofE Primary School 0.2 miles
  • Launceston College 0.8 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Stratton Creber Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Stratton Creber Commercial for full details and further information.