Office for sale Okehampton EX20 1UE,3736sq ft

1/4

Office

Office For Sale Okehampton

PROPERTY ID: 145162

PROPERTY TYPE

Office

STATUS

Available

SIZE

3,736 sq.ft

Key Features

Two single storey self-contained modern office buildings

Established Business Park

1,868 sq ft/ 174 sq m each (Total: 3,736 sq ft / 348 sq m)

11 parking spaces

Separate adjacent development site

Fully income producing

Total rent: £33,000

Guide price: £345,000

Property Details

Exeter Road Industrial Estate is situated on the eastern outskirts of Okehampton with good access to the A30 dual carriageway via Exeter Road. The A30 links Okehampton with Exeter and the M5 Motorway approximately 25 miles to the east, as well as with locations in Cornwall to the west. Okehampton is the second largest town in the Borough of West Devon and, along with Tavistock, is the administrative centre for the area. The district population is in excess of 48,000 and the town is situated approximately 19 miles north east of Launceston and 32 miles north of Plymouth.

Freehold Office Investment Comprising 2 Single Storey Modern Office Buildings With Adjacent Development Site Two Single Storey Self-contained Modern Office Buildings Established Business Park 1,868 Sq Ft/ 174 Sq M Each (total: 3,736 Sq Ft / 348 Sq M) Separate Adjacent Development Site 11 Parking Spaces Exeter Road Industrial Estate Is Situated On The Eastern Outskirts Of Okehampton With Good Access To The A30 Dual Carriageway Via Exeter Road. The A30 Links Okehampton With Exeter And The M5 Motorway Approximately 25 Miles To The East, As Well As With Locations In Cornwall To The West. Okehampton Is The Second Largest Town In The Borough Of West Devon And, Along With Tavistock, Is The Administrative Centre For The Area. The District Population Is In Excess Of 48,000 And The Town Is Situated Approximately 19 Miles North East Of Launceston And 32 Miles North Of Plymouth. The Property Was Originally Constructed In The Early 1990's And The Units Provide The Following Features: Mainly Open Plan, Well Presented Office Space. Unit 8b Recently Refurbished Suspended Ceilings With Led Panel Lighting. Full Carpeting. Perimeter Trunking Providing Data And Power Sockets. Powder Coated Aluminum Frame Double Glazed Windows. Intruder Alarm. Large Kitchen/staff Room, W/c's Including Disabled. Air Conditioning. Wall Mounted Electric Heaters. 3 Phase Electricity. Accommodation 8a: 1,868 Sq Ft / 174 Sq M 8b: 1,868 Sq Ft / 174 Sq M Total: 3,736 Sq Ft / 348 Sq M Proposal Guide Price: £345,000 For The Freehold Interest. This Reflects A Net Initial Yield Of 9.22% After Normal Purchasers Costs Based On An Income Of £33,000 Per Annum. Adjacent Development Site The Adjacent Development Site (outlined In Blue On The Plan) Extends To About 0.145 Acres (6,314 Sq Ft). Planning Consent Was Granted On May 2014 For The Construction Of A 2,000 Sq Ft (187.94 Sq M) Single Storey Building For B1 And B8 (office & Light Industrial Use). Application No. 00553/2014. Although The Permission Expired We Understand Renewal Would Be Granted By West Devon Borough Council. The Property Has Been Elected For Vat And Therefore It Is Anticipated That The Transaction Will Be Treated As A Transfer Of A Going Concern (togc). Both Parties To Bear Their Own Legal Costs In The Transaction. 8a: C/66 8b: A/21 Office Building 8a The Property Is Held By Way Of A Lease For 6 Years From 29th September 2021 By Mapyx Limited. Company Registration Number: 05696490, On A Full Repairing And Insuring Basis. The Passing Rent Is £16,500 Per Annum And Subject To Review On A 3 Yearly Basis. The Tenants Option To Break At The 3rd Year Subject To 6 Months Prior Written Notice, Was Not Exercised. Office Building 8b The Property Is Held By Way Of A New Lease For A Term Of 6 Years From 13th August 2025 By Private Individual On A Full Repairing And Insuring Basis. The Initial Rent Is £13,200 Rising To £16,500 Per Annum From 12th August 2026, Rising Annually In Line With Cpi Thereafter. There Are Tenants Options To Break At The End Of The 2nd And 3rd Years Subject To The Tenant Paying A Break Penalty Of £3,300 If Exercised At The End Of The 2nd Year. The Lease Is Contracted Outside The Landlord And Tenant Act 1954. Note: The Vendor Is To Pay The Proportional Shortfall In Rent From £16,500 For Year 1 Upon Completion.

Download PDF Brochure

Open map Street View

About the Agent

Stratton Creber Commercial - Exeter

See Agent's Other Properties

Office Unit

£345,000 Freehold

Unit 8A And 8B,Cranmere Road, Okehampton, EX20 1UE

Office - Available
3,736 sq ft
347 sqm

Show phone number

Enquiry Form

Boxpod will only use your details to send an enquiry to the advertiser and prompt a response. By clicking the Send Enquiry button, you agree to Boxpod's Privacy Policy Please wait for a response. It may take several seconds.

Save this property- Feature coming soon

Coming Soon Already a member? Login

To Buy

To Let

£1163 / month

Chudleigh, TQ13 0FW

Office

To Buy

£199995 Freehold

Chudleigh, TQ13 0FW

Office

To Let

£1042 / month

Launceston, PL15 7ED

Office

To Let

£3167 / month

Launceston, PL15 7ED

Office

To Buy

£200000 Freehold

Exeter, EX4 1HS

Office

To Let

£5208 / month

Exeter, EX1 1HB

Office

To Let

To Let

£1208 / month

Exeter, EX1 1NS

Office

To Let

£708 / month

Office

To Let

POA

Exeter, EX1 1UG

Office

To Let

£617 / month

Exeter, EX4 6RY

Office

To Let

£608 / month

Office

To Let

Exeter, EX2 4NP

Office

To Let

To Let

£1129 / month

Exeter, EX5 4EJ

Office

To Let

To Let

Starting From £1579 / month

Newton Abbot, TQ12 2PF

Office

Office For Sale Okehampton

PROPERTY ID: 145162

PROPERTY TYPE

Office

STATUS

Available

SIZE

3,736 sq.ft

Key Features

Property Details

About the Agent

Stratton Creber Commercial - Exeter

Office Unit

£345,000 Freehold

Unit 8A And 8B,Cranmere Road, Okehampton, EX20 1UE

Office - Available 3,736 sq ft347 sqm

Enquiry Form

Save this property- Feature coming soon

Similar to this property

£230000 Freehold

£1667 / month

£750 / month

£605 / month

£833 / month

£200 / month

£1163 / month

£199995 Freehold

£1042 / month

£3167 / month

£200000 Freehold

Starting From £542 / month

£413 / month

£1083 / month

£180000 Freehold

POA

£1188 / month

£5208 / month

POA

Starting From £196 / month

£1383 / month

£210000 Freehold

£542 / month

£542 / month

£917 / month

£375 / month

£813 / month

£292 / month

£667 / month

£391 / month

£495 / month

£6021 / month

£850 / month

POA

POA

£729 / month

£1208 / month

£708 / month

POA

£2167 / month

£2000 / month

Starting From £500 / month

£2167 / month

POA

£3333 / month

£267 / month

£542 / month

£3494 / month

POA

POA

Starting From £174 / month

POA

POA

£617 / month

£608 / month

£1549 / month

£1500 / month

£1500 / month

£750 / month

£750 / month

£1500 / month

Office - Available
3,736 sq ft
347 sqm