Grampound Rd 5,971 SF 100% Leased Industrial Building Grampound Road TR2 4DS $532,184 ($89.13/SF) 11.03% Cap Rate

Freehold subject to the existing leases. Price £400,000.
A freehold estate comprising 8 individual units offering a mix of office, hair salon, storage and children’s nursery.
The estate is accessible from Fore Street with a variety of properties located on the northern and southern boundary within a terrace of single storey properties occupied by a number of local businesses.
The estate has a number of long established occupiers and has been subject to improvement works to the majority of units including external painting, part gravelled car parking area with some units having carpeting, LED lighting and electric panel heaters. A separate toilet block provides facilities for units 1 and 5.
Each unit is self contained with individual access off the estate road.
The estate is income producing with gross annual rents of £41,408 with one vacant property.
The estate provides a variety of buildings with ample on-site car parking facilities used in conjunction with the estate located towards the western boundary. There is scope for potential residential development, conversion subject to the necessary planning consents being obtained although there is a restrictive covenant on part of the land.