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Heathcharts, Unit 1, 1a, 1b & 6-8, Oldmixon Crescent, Weston-super-Mare, BS24 9AY
47,906 Sq Ft / Industrial
Withdrawn - Last updated: 20 July 2024
Summary
Freehold Industrial Investment Opportunity
Investment Summary
- Weston Super Mare is a busy town with a large catchment area.
- Prominent units within an established industrial location.
- 47,906 sq ft former building sepearted into up to six seperate units.
- Freehold
- Low base rent of only £3.25 sq ft overall.
- Potential to add value through refurbishment and re-letting.
- AWULT of 4.17 yearsto expiry and 2.53 years to break.
- Offers invited in excess of £2,200,000 subject to contract.
- Initial yield of 6.46% and reversionary yield of 9.63%.
- Low capital value of only £45.92 ft cv.
Situation
Winterstoke Road provides the main industrial location for the town. The Heathcarts estate is two miles south of the town centre, and has easy access to both Junctions 21 and 22 of the M5 motorway. The property sits opposite Weston Industrial Estate, the largest estate inthe town which totals roughly 285,000 sq ft in 74 separate units.Nearby occupiers include Smurfit Kappa, Alliance Homes, Bradfords, Howdens and Offsite Solutions.
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