Property photos
£1,150,000
(£86.16/sq. ft)
Industrial for sale
Long Ropad, Paignton TQ413,348 sq. ft
Local area information
Property location
Nearby amenities
- Roselands Primary School 0.4 miles
- White Rock Primary School 0.6 miles
- Paignton 1.7 miles
- Greenway House Ferry Landing 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Situation and description
Long Road is an established, high quality business estate located on the edge of Paignton, and benefitting from good regional road communications with easy access to the A3022, Paignton to Brixham Road, which links to the A380 Trunk Road and the South Devon Highway. Paignton forms part of the Torbay conurbation with a total resident population of approximately 135,000. Both Paignton and Brixham town centres are within an easy drive from the site, with it being located on a major link road and bus route. Paignton’s Railway Station offers connections to Exeter and London Paddington, with the M5 Motorway accessed via the A380 dual carriageway from Newton Abbot to Exeter via Junction 30 of the M5 at Exeter. This then leads to the A30, A38, A303 and the National Motorway network plus Exeter Airport with its range of National and International flights.
The premises form a substantial detached Industrial Unit with a full height production area plus a range of clean rooms and assembly area and then a range of Offices on Ground and First floor to the front. The unit has a minimum eaves height of 5.50m with 2 large roller shutter doors leading off the courtyard area. The offices are well fitted, being cellular on the ground floor with staff room and well fare, and more open plan on the first floor with a large meeting/ training room at one end. To the side of the unit is a private car park area, the whole site being elevated and landscaped.
Accommodation
A brief summary of the accommodation with approximate maximum internal dimensions are as follows:-
Industrial Workshop 786.4 sq.m (8,465 sq.ft)
Full height space with 2 large roller shutter doors providing good vehicular access. The building is a concrete portal frame with part block and part steel panel elevations under a profile roof with translucent roof lights. The unit benefits from a minimum eaves heigh of 5.5m (18’0”) with a concrete painted floor. The unit benefits from an overhead crane.
Ground Floor Offices 226 sq.m (2,432 sq.ft)
These comprise a range of Offices, clean rooms for product assembly and testing and laboratories plus a large staff room and kitchen area. Staff and visitor toilets are located in his area.
First Floor Offices 226 sq.m (2,432 sq.ft)
Accessed from the front of the building by a reception area with feature staircase to a large open plan office with windows to the whole front elevation making these light and airy offices. To one end are two glass fronted offices and at the other end is a large meeting / training room.
Externally
To the side of the property is a private Car Parking courtyard with access to the 2 Roller Shutter Doors.
Commercial energy performance certificate
An EPC has been obtained. A full copy is available to download from the agent’s web site. The rating is: D 76
Tenancy details
The premises are currently let to Rockwood Composites Limited (Company No: - 07325480) on a 10 year Fri lease from the 30th June 2022 expiring on the 29th June 2032 at an initial rent of £94,250 pa plus VAT with a rent review on the 30th June 2027. There is also a tenant only break clause at the end of the 5th year. The lease is contracted outside of the landlord and tenant act.
Proposal
Offers are sought in excess of £1,150,000 for the freehold of this substantial Industrial premises subject to and with the benefit of the lease as above. This will offer an investor a net return of 7.7% (Assuming purchasers costs of 6.5%)
VAT
The property has been elected for VAT. We anticipate that the transaction will be treated as a transfer of a going concern (togc).
Legal costs
Each party to be responsible for their own legal costs.
Rates
Rateable Value: - £65,000 (2023 Valuation)
Anti money laundering requirements
A successful purchaser will be required to provide relevant information to satisfy the aml requirements when Heads of Terms are agreed.
Viewing
Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0848)
Long Road is an established, high quality business estate located on the edge of Paignton, and benefitting from good regional road communications with easy access to the A3022, Paignton to Brixham Road, which links to the A380 Trunk Road and the South Devon Highway. Paignton forms part of the Torbay conurbation with a total resident population of approximately 135,000. Both Paignton and Brixham town centres are within an easy drive from the site, with it being located on a major link road and bus route. Paignton’s Railway Station offers connections to Exeter and London Paddington, with the M5 Motorway accessed via the A380 dual carriageway from Newton Abbot to Exeter via Junction 30 of the M5 at Exeter. This then leads to the A30, A38, A303 and the National Motorway network plus Exeter Airport with its range of National and International flights.
The premises form a substantial detached Industrial Unit with a full height production area plus a range of clean rooms and assembly area and then a range of Offices on Ground and First floor to the front. The unit has a minimum eaves height of 5.50m with 2 large roller shutter doors leading off the courtyard area. The offices are well fitted, being cellular on the ground floor with staff room and well fare, and more open plan on the first floor with a large meeting/ training room at one end. To the side of the unit is a private car park area, the whole site being elevated and landscaped.
Accommodation
A brief summary of the accommodation with approximate maximum internal dimensions are as follows:-
Industrial Workshop 786.4 sq.m (8,465 sq.ft)
Full height space with 2 large roller shutter doors providing good vehicular access. The building is a concrete portal frame with part block and part steel panel elevations under a profile roof with translucent roof lights. The unit benefits from a minimum eaves heigh of 5.5m (18’0”) with a concrete painted floor. The unit benefits from an overhead crane.
Ground Floor Offices 226 sq.m (2,432 sq.ft)
These comprise a range of Offices, clean rooms for product assembly and testing and laboratories plus a large staff room and kitchen area. Staff and visitor toilets are located in his area.
First Floor Offices 226 sq.m (2,432 sq.ft)
Accessed from the front of the building by a reception area with feature staircase to a large open plan office with windows to the whole front elevation making these light and airy offices. To one end are two glass fronted offices and at the other end is a large meeting / training room.
Externally
To the side of the property is a private Car Parking courtyard with access to the 2 Roller Shutter Doors.
Commercial energy performance certificate
An EPC has been obtained. A full copy is available to download from the agent’s web site. The rating is: D 76
Tenancy details
The premises are currently let to Rockwood Composites Limited (Company No: - 07325480) on a 10 year Fri lease from the 30th June 2022 expiring on the 29th June 2032 at an initial rent of £94,250 pa plus VAT with a rent review on the 30th June 2027. There is also a tenant only break clause at the end of the 5th year. The lease is contracted outside of the landlord and tenant act.
Proposal
Offers are sought in excess of £1,150,000 for the freehold of this substantial Industrial premises subject to and with the benefit of the lease as above. This will offer an investor a net return of 7.7% (Assuming purchasers costs of 6.5%)
VAT
The property has been elected for VAT. We anticipate that the transaction will be treated as a transfer of a going concern (togc).
Legal costs
Each party to be responsible for their own legal costs.
Rates
Rateable Value: - £65,000 (2023 Valuation)
Anti money laundering requirements
A successful purchaser will be required to provide relevant information to satisfy the aml requirements when Heads of Terms are agreed.
Viewing
Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0848)
More information
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