£550,000
Property for sale
Property photos
Just added
£550,000
(£73.97/sq. ft)
Property for sale
Units A1-A4, Ethmar Court, Four Cross Avenue, Willand, Cullompton, Devon EX157,435 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Willand School 0.4 miles
- Tiverton Parkway 1.6 miles
- Uffculme School 1.8 miles
- Feniton 8.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Multi-let industrial investment
- Approx: 7,435 sq ft (690 sq m)
- High specification, steel portal, frame
- Passing rent: £48,675 p.a.
- Net initial yield 8.44%
- Guide price: £550,00
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.
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 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.
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.
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 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.
More information
Listed by
Stratton Creber Commercial
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