£1,500,000

Industrial for sale

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Guide price

£1,500,000

(£1,500,000.00/sq. ft)

Industrial for sale

Winkleigh EX19

1 sq. ft

Local area information

Property location

Nearby amenities

  • Winkleigh Primary School 0.7 miles
  • Eggesford 3.6 miles
  • Dolton Church of England Primary School 4.2 miles
  • Kings Nympton 5.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Let until March 2030
  • Passing Rent £90,000 per annum exclusive
  • The main factory site extends to approximately 3.83 acres (1.55 hectares)
  • The site benefits from planning consent for B1, B2 & B8 (Use Classes Order 1987)
  • The lease contains a tenant only break option on 13th March 2025
The Estate has been developed over the past forty years, and until recently was the main site for the renowned premium petfood manufacturer, Forthglade Foods Ltd. Currently, the property is let to Elemental Digest Ltd, a company specialising in the development and production of organo-mineral fertilisers. The main factory site extends to approximately 3.83 acres (1.55 hectares) with a shared private access road, as well as two further entrances to the A3124. The shared access road leads past Winkleigh Timber to the main palisade gated entrance. Beyond the entrance is a substantial concrete surfaced yard offering generous outside storage and circulation areas within the perimeter fence. The Estate comprises approximately twelve units (some units comprise several buildings). The premises include a main reception and modern Estate Offices, a number of warehouse and production units, as well as some useful smaller storage and ancillary buildings.

The property is leased to Elemental Digest Ltd for a term of ten years from 13th March 2020 and is drawn on a Full Repairing & Insuring basis with a photographic Schedule of Condition.

The current passing rent is £90,000 per annum exclusive and this will increase to the higher of £97,500 per annum, or the base rent multiplied by the rpi index figure on 13th March 2024. Thereafter, the rent shall increase by the rate of inflation on each subsequent anniversary.

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  5. Winkleigh

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