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Investment Opportunity For Sale, Lakeside Park, Mells, Frome, Frome, BA11 3RH

not specified / Industrial / General Industrial

Withdrawn - Last updated: 19 October 2023

The property comprises six separate blocks of varying ages and quality. The combined floor area is approximately 27,656 sq ft on a site measuring approx. 2.92 acres reflecting a low site coverage of just 21%. Detailed site and floor plans are available on request.

Location

The village of Mells is located approximately 3 miles west of Frome, 25 miles south east of Bristol and 18 miles south of Bath. The A37 Bristol to Weymouth road is approximately 6 miles distant to the west. Junction 18 of the M4 motorway is approximately 23 miles distant to the north and accessed predominantly via the A36 and A46 roads. The property is set on the site of a former quarry on the outskirts of the village, predominantly surrounded by agricultural land

Accommodation

Comprises 6 blocks of varying ages totalling 27,656 sq ft

Terms

EPC Copies of the EPCs are available to download in the data room.

AML A successful bidder will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.

DATA ROOM Access to the data room is available on request.

VAT The property is elected for VAT and it is therefore envisaged that the sale will be treated as a Transfer Of a Going Concern (TOGC).

Specification

• Freehold
• 78% of the total income is secured to Arkonik Limited
• Total rent passing is £XXX pa reflecting £XXX psf
• Uncapped RPI linked uplifts providing guaranteed growth
• The WAULT is 9.95 years to expiry.


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