Cardrew Industrial Estate Cardrew Way 15,911 SF Industrial Building Redruth TR15 1SS $2,135,497 ($134.22/SF) 6.90% Cap Rate

Guide Price of £1,600,000 for the Freehold Investment. A purchase at this level would reflect a Net Initial Yield of 6.9% assuming purchaser’s costs of 5.8%.
The premises are occupied by Howden Joinery Properties Limited (company number 5656171) on an FRI lease from 04 July 2014 until 03 July 2029, with rent reviews every 5th anniversary, recently actioned in 2024.
The subject unit is located on the established industrial estate of Cardrew Industrial Estate, 1 mile from Redruth, 9 miles from Truro and 24 miles from Newquay Airport. It is conveniently situated 1 mile from the A30, Cornwall’s main arterial route which links onto the M5 at Exeter. Neighbouring businesses on Cardrew Industrial Estate include Opie Oils, Howard BMW/MINI Specialist, and Pall Aerospace and Industrial.
The detached unit occupied by Howdens as a trade-counter unit with a main warehouse store on the left-hand side, with the right-hand side as trade counter, ancillary accommodation, further office and welfare ancillary accommodation to on a first-floor level, with further warehouse store to the rear of the right-hand side. The external area comprises a fenced service yard which encompasses the entire unit, with a front security gated entrance and space for approximately 30 car parking spaces. The overall site area totals to 1.06 acres.