Status: For Sale
Tenure: Freehold
Turnover: £105,000
2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income2,400 sq meter Warehouse Annual Income
£2,000,000

2,400 sq meter Warehouse Annual Income

For Sale
  • Reference: 13851 I
  • Location: Wellington, Somerset
Hilton Smythe welcomes to the market Lobsgrove Park Industrial Estate, For Sale due only to our client's other pressing business interests, the site represents an excellent overall Freehold investment opportunity or acquisition.

Invariably holding a 100% occupancy level annually, favourable lease terms keep tenants on site with low turnover of occupants, on full repairing and insuring lease terms. A mixture of mainly profitable automotive, mechanical, and repair operators are incumbent on the site.

A general industrial business park, with workshops and none residential units of low energy demand, the site is exempt of Energy Performance Certification.

TENURE

We are advised the business is being sold as a Freehold opportunity.

HOURS

n/a

STAFF

The business is run by our hands on vendor landlord, who also operates his own SME from the site.

Also For Sale as a going concern with Hilton Smythe by separate deed, ask for details, reference Fritzs Bitz 13628 I.

FINANCIAL PROFILE

We are advised that the current annual rent received is £105,000 per annum with reviews in place for the existing leases 2018/19.

We are advised by our client, that projected income by June 2019 will be in the region of £112,000 with contract extensions in place.

The potential rental and income could be around £125,000 per annum upward, going forward.
Lobsgrove Park Industrial Estate is located on the outskirts of Wellington, in the county of Somerset.

Ideally located in Greenham on the outskirts of Wellington, in a rural part of South Somerset close to the Devon border. Lobsgrove Park is within the vicinity of other similar businesses and trade parks in this area, including Foxmoor Business Park, and Tonedale Business Park both within 5 miles. Perfectly positioned for the nearby M5 motorway network, and circa 4 miles from Wellington itself and 10 miles from the county town of Taunton. Easily located just off the main A38, the site has excellent connections and transport links to all the surrounding counties and superb access to the South Coast and East via the A303.

Naturally there is plenty of off-road and on-site parking to the surrounds, with designated areas for different units. Lobsgrove Park has a nice kerb appeal, owing mainly to its location, foliage, surroundings and is also extremely secure with rail and gated perimeters.
This investment opportunity and Freehold site, offers a total covered area of 26,000 sqft (2400 sqm) and is currently divided into 12 units with a potential 13th unit and 1 acre of agricultural land to the rear of the site. Ranging from the smallest unit at 1200 sqft to the largest unit at 6000 sqft, the current rental income is £105,000 pa, with forthcoming lease reviews in place for 2018/19.

One unit is currently vendor operated as a going concern business and leased back to himself at favourable terms. This could be split into two units thus creating extra market value rental income, as well as leasing the agricultural land for outdoor storage, or to a suitable operator.

Each unit has its own facilities, ancillary and staffing areas, WC's, and services.

Contact us today for more information

To help prevent spam please type the code on the left into the textbox below: