Property photos
£2,300,000
(£91.10/sq. ft)
Property for sale
Devonshire Meadows Broadley Industrial Park, Roborough, Plymouth PL625,248 sq. ft
Local area information
Property location
Nearby amenities
- Widewell Primary Academy 1 mile
- Bickleigh Down Church of England Primary School 1.1 miles
- Bere Ferrers 2.8 miles
- St Budeaux Ferry Road 4.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- 5 industrial units plus commercial centre providing 16 small office suite units and 1 industrial unit
- Gross income of £188,742.22 pa
- Net income ye 30/06/24 £178,841.07 pa reflecting an average rent of approx. £7.00 psf on gia
- Oiro £2,300,000 reflecting a niy of 7.72%, assuming purchaser's costs of 6.34%. A purchase at this level reflects a low capital value of approx. £91 per sq ft (on gia)
- Approx 98% let and income producing
- Gia - 25,248 sq ft (approx 23,486 sq ft lettable in current configuration)
- Total of 18 different tenants
- Good mix of tenants - 16 in total with long standing tenants and newer additions
Devonshire Meadows is a modern industrial and mixed-use development, within a landscaped environment benefitting from a range of tenants.
The opportunity comprises units 21,22,24,25 and 26 which are arranged in a flexibly designed central block of back-to-back terraced units, and unit 5, a mid-terraced unit.
The main central block comprises 5 industrial units (Unit 23 sold off on long leasehold) Unit 26 comprises of 16 small office suites and 1 small industrial unit.
The buildings are of steel portal frame construction with part block and part steel panel elevations under a profile roof with translucent light panels. The units benefit from high eaves heights with minimum eaves heights of 5m and roller shutter doors that are 4m high and 4m wide. The floors are typically concrete.
Externally, there is allocated parking and circulation space with landscaped grounds.
Unit 26 has been subdivided into office suites with communal facilities and an industrial unit.
The asset provides a range of different unit sizes and styles offering flexibility to accommodate a variety of occupational requirements.
The opportunity comprises units 21,22,24,25 and 26 which are arranged in a flexibly designed central block of back-to-back terraced units, and unit 5, a mid-terraced unit.
The main central block comprises 5 industrial units (Unit 23 sold off on long leasehold) Unit 26 comprises of 16 small office suites and 1 small industrial unit.
The buildings are of steel portal frame construction with part block and part steel panel elevations under a profile roof with translucent light panels. The units benefit from high eaves heights with minimum eaves heights of 5m and roller shutter doors that are 4m high and 4m wide. The floors are typically concrete.
Externally, there is allocated parking and circulation space with landscaped grounds.
Unit 26 has been subdivided into office suites with communal facilities and an industrial unit.
The asset provides a range of different unit sizes and styles offering flexibility to accommodate a variety of occupational requirements.
More information
Listed by
Vickery Holman Property Consultants
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