* 24HR access
* Freehold
* 8. 5% Yield
Price - £195, 000 | rent - £16, 640 p. a. | yield - 8. 5% Investment Opportunity:
Freehold Industrial Unit with 10 year full repairing and insuring lease.
Presenting a compelling investment opportunity, this freehold refurbished
industrial unit is now available for sale. Situated within an established
estate, this property comes with the added advantage of being let on a new
10 - year full tenant repairing lease, providing stability and potential for
long - term returns.
The lease terms include a three - yearly rent review, ensuring that the rental
income adjusts to the greater of market rent or rpi, further enhancing the
investment potential. This arrangement offers investors a secure income stream
with built - in mechanisms for rental growth, aligning with market conditions.
Don't miss out on this opportunity to acquire a commercial asset with a secure
tenancy in place. Contact us today to seize this lucrative investment
proposition.
Discover the picturesque town of Penzance, nestled in the Penwith district of
Cornwall, United Kingdom. Boasting a rich history dating back to royal
charters from 1512, Penzance sits as the most westerly major town in Cornwall.
With its strategic positioning facing the English Channel and bordered by
charming villages, including Newlyn, Mousehole, and Gulval, Penzance offers a
unique blend of coastal charm and cultural heritage. Conveniently situated
approximately 1. 2 miles from Penzance, the Stable Hobba Industrial Estate
serves as a hub for marine - related businesses, offering a mix of light
industrial and warehouse units.
This estate comprises two levels featuring refurbished light industrial
starter units, complemented by ancillary office accommodation and toilet
facilities. The lower level consists of four blocks offering a range of unit
sizes and ample parking, while the upper section houses three separate units
along with a spacious ancillary car park. Units feature steel portal frame
construction with brick and profiled metal cladding elevations, ensuring
durability and functionality. Access is facilitated by roller shutter doors
and a separate pedestrian entrance, enhancing convenience for tenants. Unit 5,
with a generous Gross Internal Area (gia) of 1, 660 sq ft (154 sq m), presents
a prime investment opportunity.
Unit 5 is currently leased to Mr A. Cole and Mr V. Bond, trading as Southwest
Welding Fabrication and Automotive Refinishing Ltd, under a 10 - year full
tenant repairing lease from 30/10/2023. The lease incorporates three - yearly
rent reviews to the greater of rpi or market rent, providing a steady rental
stream with potential for growth. Additionally, a tenant - only break clause at
the fifth year offers flexibility.
The industrial estate has seen successful transactions, including the recent
sale of Unit 7a, illustrating its attractiveness to both existing and new
tenants.
The industrial estate has recently concluded several successful sales, as
evidenced by the transactions detailed in the accompanying plan. Most notably,
Unit 7a was recently sold under favourable terms at a yield rate of 8. 5%.
Furthermore, the estate demonstrates a strong ability to retain existing
tenants, many of whom have opted to renew their leases. Additionally, the
estate remains appealing to new tenants in search of modern premises. A prime
example of this is the recent lease agreement for a new ten - year term at a
rate of £10. 00 per square foot, highlighting the continued demand for space
within the estate.
Don't miss out on this opportunity to acquire a commercial asset with a secure
tenancy in place. Contact us today to seize this lucrative investment
proposition.

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