Property Information
Address:
60-62 North Road, North Road Industrial Estate, Okehampton, Devon
, EX20 1BQ
, Devon
, United Kingdom
Price: Buy: POA
Size: 7 sq ft3 sqm
Primary Category: Industrial
All Categories:
Industrial,
Property Ref/Movehut: MH687089
Property Ref/Agent: 20887
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: April 26, 2024
Property description
The property consists of a separately accessed warehouse premises just off North Road with numerous outbuildings over a site measuring approx. 6.7 acres (2.71 ha). The property itself benefits from large open warehouse
accommodation over two levels with mezzanine storage and offices located to the front and rear.
There are also a number out outbuildings located onsite (not measured) and a large surfaced car park with further land to the north east of the property. With the inclusion of all buildings onsite the property has a site coverage of approx. 16.21%.
Location
The property is located just off the A30 in Okehampton approx. 21 miles west of Exeter, 26 miles north of Plymouth and 24 miles south of Barnstaple. The town has a population of approx. 5,922 and benefits from the new Okehampton Railway Station that connects Exeter St Davids to Plymouth via Tavistock on the Dartmoor Line.
The town is also serviced by the Stagecoach Bus Service from Exeter, Bude, Newquay and Tavistock. Bus service 6 runs from the town to Exeter with the 6A service to Launceston.
The property is located to the north of the town with numerous well established industrial occupiers including Howdens, Travis Perkins and RGB Building Supplies in close proximity to the property.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
Warehouse: 42,761 sq ft (3,972.66 sq m)
Mezzanine: 4,555 sq ft (423.15 sq m)
Outbuildings (not measured) -
Total: 47,316 sq ft (4395.81 sq m) plus outbuildings
Site Area: 6.7 acres (16.21 % site coverage including outbuildings measured via VOA)
Planning
The property benefits from B1, B2 and B8 Use Classes.
Rent / Price
£1,750,000 for the Freehold
Business Rates
From the Valuation Office Agency website () we understand that the current Rateable Value is £127,000 therefore making the approximate Rates Payable £65,024 per annum for 2024/25.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
E (105)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
All figures quoted are exclusive of VAT if applicable.
Prominent roadside industrial premises and development land (STP)
Approx. 6.7 acres of industrial land (approx. 16.21% site coverage)
Main warehouse measures approx. 47,316 sq ft (4,395.81 sq m)
Numerous outbuildings onsite
Large surfaced car park to the rear
Redevelopment potential subject to planning
Rare logistics freehold available in the town
;