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Investment

Investment For Sale Plymouth

PROPERTY ID: 140743

PROPERTY TYPE

Investment

STATUS

Available

SIZE

6,670 sq.ft

Key Features

Industrial Investment
Established and popular location
Producing £42,412.80 pa
£570,000
GIA - 6,670 sq ft
Established tenant in occupation since 2010
Annual RPI increases
7.09% assuming purchaser costs of 4.96%.

Property Details

Plymouth is the second largest city on the South Coast of England and after Bristol, the largest in the Southwest with a resident population of 264,700. There are a further 100,000 in its travel-to-work area. The city has an economic output of £5.03 billion, 110,300 jobs and it plans to get bigger by growing its population and expanding its economy. Britain's Ocean City nestles in an Area of Outstanding Natural Beauty with the Dartmoor National Park to the North, whilst the natural harbour of Plymouth Sound creates the Southern Border with the Rivers Plym and Tamar on either side. Plymouth is renowned for its maritime history, which includes Drake and the Pilgrim Fathers. The Marine Industry Sector is extremely important in the city with 300 firms employing around 13,600 people. Plymouth University is one of the largest centres for marine excellence in Europe. Plymouth is also one of 8 freeport locations within the UK. For more information click here. The City has excellent road connections with the A38 linking west to Cornwall and east to the national motorway network at Junction 31 of the M5 motorway at Exeter. Plymouth's mainline railway station provides regular services to London Paddington of just over three hours. There are also other direct services to Bristol, the Midlands, the North, Scotland and South Wales. Exeter Airport is approximately 50 miles away and Newquay Airport is approximately 45 miles away. By Road: Exeter - 45 miles (72 km) Bristol - 120 miles (193 km) London - 215 miles (346 km) Devonshire Meadows is located to the north of the city, accessed via the A386 Tavistock Road which connects to the A38 at Mannadon.

Devonshire Meadows Is A Modern Industrial And Mixed-use Development, Within A Landscaped Environment Benefitting From A Range Of Tenants. The Building Is A Steel Portal Frame Construction With Part Block And Part Steel Panel Elevations Under A Profile Roof With Translucent Light Panels. The Unit Benefits From A High Eaves Height With Minimum Eaves Height Of 5m And A Roller Shutter Door That Is 4m High And 4m Wide. The Floor Is Typically Concrete. Unit 25 Is Currently Accessed From Units 21 And 22 As They Are The Same Tenant. Externally, There Is Allocated Parking And Circulation Space Within The Landscaped Grounds.

About the Agent

Investment Unit

£570,000 Freehold

Unit 25 Devonshire Meadows,Broadley Industrial Park, Plymouth, PL6 7EZ
Investment - Available
6,670 sq ft
620 sqm
Show phone number

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