1-5 Kings Hill Industrial Estate Industriel/Logistique 2 223 m² 100 % Loué À vendre Bude EX23 8QN 3 801 255 € (1 710,12 €/m²) Taux de capitalisation 5,80 %

The property is held Freehold. We are instructed to seek offers in excess of £3,250,000, reflecting a NET INITIAL YIELD of 5.80% with a potential REVERSIONARY YIELD of 6.59% assuming purchasers costs of 6.48%.
DESCRIPTION: 1-5 Kings Hill, Bude is a scheme of five trade/counter units totalling 2222 m2 (23,926 ft2) that was built in 2018. The site area is 0.452 hectares (1.116 acres). The 2018 refurbishment included new composite insulated wall and roof cladding, doors, rooflights, services and glazing. There are allocated parking bays included across the scheme. The property is very low maintenance with minimal ongoing costs for the tenants due to the design and construction of the scheme. This is borne out in the service charge budget. Tenants include Screwfix, Dulux, Toolstation, City Plumbing Supplies and Independent Motor Factors.
LOCATION: Situated in Bude, slightly inland from the North Cornish coastline, Kings Hill Industrial Estate sits approximately half a mile away from the A39 (Atlantic Highway) and a mile away from the town centre and Summerleaze Beach. The location of the subject premises is ideal for occupiers that require premises in Bude offering easy access to the principal local towns such as Bideford and Barnstaple in Devon and Launceston and Bodmin in Cornwall. The Kings Hill Estate is Bude's most established commercial and industrial area and is occupied by a mixture of national, regional and local businesses. The nearby Kings Hill provides access to the A39 approximately half a mile to the south which provides access to junction 30 of the M5 some 60 miles to the coast. the scheme itself sits adjacent to the main entrance to the industrial estate on the A3073 and therefore has high visibility and prominence.