A detached modern warehouse on a secure corner plot of approximately 1.1 acres. The site benefits from dual access, currently divided into a staff parking area and a concrete loading yard. The unit is of steel portal frame construction clad in profile metal sheet under a pitched roof. To the front of the unit is two storey office accommodation together with welfare amenities. The warehouse has a minimum clear height of 5.89m and is accessed by two dock level loading doors.
- Ref: 2081017
- Tenure: Freehold
- Types: Industrial Investment
- Size: 13,523 sq ft
- Freehold: £1,000,000 for the freehold
Key Features
-
Established industrial and logistics location
-
Modern cold store distributionfacility
-
Single let on 20 year lease expiring February 2033
-
Approx. 7 years unexpired without break
-
Rental income £68,663 pax (£5.08 per sq ft)
-
Excellent covenant strength tenant, Sysco GB Ltd
-
5 yearly index linked rent reviews, next review Feb 2028
-
Low site density of only 28%
-
NIY 6.5%
-
Low capital value of £74per sq ft
Location
Brake Bros, Victoria Business Park, Roche, St Austell, South West, PL26 8LX
Victoria Business Park is strategically positioned in Central Cornwall, just north of Roche and situated directly off the A30 dual carriageway (c.1 mile / 3 mins to Roche junction and Cornwall Services). St Austell is 6 miles to the south, Newquay 11 miles to the west and the county town of Truro 15 miles to the south west.
