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Commercial Investment For Sale, 1-5 Bude Self Storage Business Centre, Kings Hill Industrial Estate, Bude, Cornwall

Industrial Unit for sale

£3,955,000

Freehold

The property comprises of industrial estate office units totalling 23,926 sq ft GIA. The units were built in 2018 Full details of the specification are available from the purchaser's pack on request. Externally, the property sits within an attractive landscaped environment that is easy to maintain. The units were recently constructed in 2018 and are very prominently and ideally located at the entrance of the industrial estate. The property is very low maintenance and due to the nature of the tenants and lease structures, will require very limited management.

  • We are instructed to seek offers of £3,955,000, reflecting a net initial yield of 5% (Revisionary 5.2% yield).
  • Good quality modern industrial units re-constructed in 2018
  • Tenants include Screwfix, Dulux, Toolstation and City Plumbing
  • Five units comprising 23,926sq. ft GIA. Units ranging from 4,293sq. ft to 6,336sq. ft.
  • Passing rent of £210,665.50 per annum, reflecting an average rent of £8.80 per sq. ft (includes rental guarantees on the vacant unit).
  • 100% of the income is secured to National covenants-one unit vacant.
  • Headline ERV of £227,297 per annum (£9.50 per sq. ft).

Property Brochure PDF Location Map

The property comprises of industrial estate office units totalling 23,926 sq ft GIA. The units were built in 2018 Full details of the specification are available from the purchaser’s pack on request. Externally, the property sits within an attractive landscaped environment that is easy to maintain. The units were recently constructed in 2018 and are very prominently and ideally located at the entrance of the industrial estate. The property is very low maintenance and due to the nature of the tenants and lease structures, will require very limited management.

C42293 LOCATION: 
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PREMISES: 
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SCHEDULE OF ACCOMMODATION:: 
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LEASE TERMS: 
The premises are available to let on a new full
repairing and insuring lease. 
VAT: 
All the above prices/rentals are quoted exclusive of
VAT. 
LOCAL AUTHORITY: 
Cornwall Council

General Enquiries 0300-1234-100

Planning 0300-1234-151
www.cornwall.gov.uk 
BUSINESS RATES: 
We refer you to the government website https://
www.tax.service.gov.uk/view-my-valuation/search
which shows that the current rateable value is
£XXXXX. To find out how much business rates will be
payable there is a business rates estimator service
via the website. 
SERVICES: 
Prospective owners should make their own enquiries
of the appropriate statutory undertakers:

Western Power: 0845 601 2989

South West Water: 0800 169 1144

Transco: 0800 111 999 
ENERGY PERFORMANCE CERTIFICATE: 
The Energy Performance Rating for this property is X (NN). 

CONTACT INFORMATION: 
For further information or an appointment to view please contact either:- 

Tom Smith on 01872 247013
Email ts@miller-commercial.co.uk

Mike Nightingale on 01872 247008
Email msn@miller-commercial.co.uk

Brian Botting on 01872 247009
Email bjb@miller-commercial.co.uk

Jonny Bright on 01872 247022
Email jb@miller-commercial.co.ukxx

Paul Collins on 01872 247029
Email pc@miller-commercial.co.uk

Will Duckworth on 01872 247034
Email wd@miller-commercial.co.uk

Peter Heather on 01872 247007
Email Peter.Heather@miller-commercial.co.uk

Thomas Hewitt on 01872 247025
Email tjh@miller-commercial.co.uk

Graham Timmins on 01872 247019
Email Graham.Timmins@miller-commercial.co.uk

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s
of this property give notice: [a] These particulars are for an intending purchaser or
tenant and although they are believed to be correct their accuracy is not guaranteed
and any error or misdescriptions shall not annul the sale or be grounds on which
compensation may be claimed and neither do they constitute any part of a Contract:
[b] No responsibility is taken for expenses incurred should the property be sold, let
or withdrawn before inspection: [c] None of the services or appliances, plumbing,
heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in
England and Wales under Registration No.OC373087. The Registered Office of
Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use
the term Partner to refer to a member of Miller Commercial LLP. VAT Registration
No.643 4519 39

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Contact us about this property

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Email: pgh@miller-commercial.co.uk

Property Brochure PDF