Overview

• MULTI LET INDUSTRIAL INVESTMENT FOR SALE
• LOCATED IN HIGH DEMAND AREA OF FALMOUTH, CORNWALL
• 18 UNITS OCCUPIED BY 14 DIFFERENT TENANTS
• RENTAL INCOME OF £129,589 PA WITH REVERSION POTENTIAL
• ASSET MANAGEMENT POTENTIAL WITH PLANNING CONSENTED FOR ADDITIONAL UNITS
• SALE REFLECTS A COMPETITIVE NIY OF 7.3% ALLOWING FOR COSTS
• AVERAGE RATE OF £5.65 PSF COU;LD INCREASE TO AVERAGE RENT OF £6.67 PSF

Multilet industrial estate for sale in the popular Bickland Water area of Falmouth. Occupied by a range of national, regional and local businesses, the estate comprises 18 units ranging in size from 500 sq ft to 4,000 sq ft.

Currently producing £129,589 per annum, the site boats planning permission for additional units to be built and offers a number of asset management opportunities to increase rent returns. A low average rent of £5.65 psf has potential to increase to over £6.60 psf on renewals.