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The Old Store, The Old Quarry Caton Cross 34,395 SF 100% Leased Industrial Building Ashburton TQ13 7LH $4,630,918 ($134.64/SF) 7.25% Cap Rate
Investment Highlights
- Multi-let industrial and storage investment extending to approximately 2.87 acres in a strategic South Devon location
- Approximately 35,000 sq ft of warehousing, offices and open storage, built to a modern industrial specification
- Passing rent roll of £216,936 per annum (excluding income from the storage container site) with asset management and reversionary upside potential
- Well-connected position with direct access to the A38 Devon Expressway, linking Exeter, the M5 and Plymouth
- Diversified tenant base across industrial, logistics and office occupiers, spreading covenant risk
- A purchase at this level would reflect a net initial yield of 7.25% on the multi-let estate, apportioning £695,000 to the 0.75-acre container site
Executive Summary
The freehold of this multi-let industrial/storage investment opportunity is available for the guide price of £3.495 million, providing a yield of 7.25%.
Property Facts
| Price | $4,630,918 | Property Subtype | Warehouse |
| Price Per SF | $134.64 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.87 AC |
| Cap Rate | 7.25% | Rentable Building Area | 34,395 SF |
| Tenure | Freehold | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1960 |
| Price | $4,630,918 |
| Price Per SF | $134.64 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.87 AC |
| Rentable Building Area | 34,395 SF |
| No. Stories | 1 |
| Year Built | 1960 |
Amenities
- Security System
- Automatic Blinds
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The Old Store, The Old Quarry | Caton Cross
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