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Woodview Rd 3,597 SF Industrial Condo Unit Offered at $622,115 in Paignton TQ4 7HP
Investment Highlights
- Freehold industrial investment opportunity
- Trade counter, offices, and welfare accommodation
- Tenant break and rent review in 2031
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 7.35% |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Tenure | Freehold |
Description
The property comprises a modern mid-terrace industrial/trade counter unit extending to approximately 3,597 sq ft arranged over ground floor warehouse and trade counter space with mezzanine offices and staff welfare accommodation above.
Sale Notes
Unit 24 Torbay Business Park presents a freehold industrial investment opportunity in one of Paignton’s established industrial estates.
The property is fully let to Devondale Electrical Distributors Limited, an occupier that has been in occupation since the scheme's construction in the early 2000s.
The asset generates a passing rent of £34,200 per annum and benefits from a lease term running until March 2036, providing secure long-term income. The lease includes a tenant break and rent review in 2031 and is held on full repairing and insuring terms, excluding the roof. The guide price of £465,000 reflects an attractive net initial yield of 7.35%.
The property is fully let to Devondale Electrical Distributors Limited, an occupier that has been in occupation since the scheme's construction in the early 2000s.
The asset generates a passing rent of £34,200 per annum and benefits from a lease term running until March 2036, providing secure long-term income. The lease includes a tenant break and rent review in 2031 and is held on full repairing and insuring terms, excluding the roof. The guide price of £465,000 reflects an attractive net initial yield of 7.35%.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 24 | 3,597 SF | Industrial | $622,115 ($172.95/SF) | $45,755.57 |
Unit 24
| Unit Size |
| 3,597 SF |
| Condo Use |
| Industrial |
| Price |
| $622,115 ($172.95/SF) |
| NOI |
| $45,755.57 |
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Unit 24
| Unit Size | 3,597 SF |
| Condo Use | Industrial |
| Price | $622,115 ($172.95/SF) |
| NOI | $45,755.57 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Tenure | Freehold |
| Description | |
| The property comprises a modern mid-terrace industrial/trade counter unit extending to approximately 3,597 sq ft arranged over ground floor warehouse and trade counter space with mezzanine offices and staff welfare accommodation above.</li></ul> | |
| Sale Notes | |
| Unit 24 Torbay Business Park presents a freehold industrial investment opportunity in one of Paignton’s established industrial estates. <br> <br> The property is fully let to Devondale Electrical Distributors Limited, an occupier that has been in occupation since the scheme's construction in the early 2000s. <br> <br> The asset generates a passing rent of £34,200 per annum and benefits from a lease term running until March 2036, providing secure long-term income. The lease includes a tenant break and rent review in 2031 and is held on full repairing and insuring terms, excluding the roof. The guide price of £465,000 reflects an attractive net initial yield of 7.35%.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,857 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 10,857 SF |
| Property Subtype | Warehouse | Year Built | 2006 |
| Building Class | B |
| Total Building Size | 10,857 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,857 SF |
| Year Built | 2006 |
Amenities
- Skylights
- Automatic Blinds
Utilities
- Lighting
- Water
- Sewer
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Woodview Rd
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