Callington Business Park, Moss Side Industrial Estate, Callington, Cornwall
, PL17 7SH
, United Kingdom Price: Buy: POA
Size: 3208 sq ft298 sqm Primary Category: Industrial All Categories:
Investment, Industrial, Property Ref/Movehut: MH647953 Property Ref/Agent: 19176
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 10, 2021
Comprising of a multi let industrial and office building which was built in the 2000's. The property comprises of 6 industrial units with roller shutters. The units are connected at the rear to a central communal corridor which provides access to the communal toilet and kitchen facilities. The 6 office units have a separate entrance and share an entrance hallway which provides access to the suites along with communal kitchen and toilet facilities.
Externally there is communal car parking which is operated on a first come first served basis. Included within the sale of the estate are the estate roads and drainage within the roads, and access will need to be maintained for the nursery, which does not form part of this sale.
The property is located on Moss Side Industrial Estate and is accessed from Tinners Way, which in turn links to the A390. Therefore providing access to the A388 which is the main road that connects the A38 and A30.
All areas are approximate and have been provided by the vendor.
Unit 1 - 30.9 sq m (332 sq ft)
Unit 2 - 34.5 sq m (371 sq ft)
Unit 3 - 34.2 sq m (368 sq ft)
Unit 4 - 36 sq m (387 sq ft)
Unit 5 - 35.7 sq m (384 sq ft)
Unit 6 - 30.1 sq m (324 sq ft)
Unit 7 - 12.1 sq m (130 sq ft)
Unit 8 - 14.4 sq m (156 sq ft)
Unit 9 - 13.4 sq m (145 sq ft)
Unit 10 - 13.4 sq m (145 sq ft)
Unit 11 - 13.4 sq m (145 sq ft)
Unit 12 - 16.3 sq m (176 sq ft)
Unit 13 - 13.4 sq m (145 sq ft)
Rent / Price
The current rental income is £22,434.60 per annum. However Unit 2 is currently in arrears. The sale includes the estate roads, verges and drainage, shown by the red outline. There is the potential to charge a service charge to the adjoining owners, although this has not been charged to date.
All of the leases are contracted outside of the Landlord and Tenant Act 1954.
There is no completion certificate from when the building was built, but the vendor will provide an indemnity policy in this regard.
We are going to informal tender on Friday 26th February at 12pm. Please enquire for further information.
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.
The surface water drainage system within the roads has not been adopted and will be included within the sale of the property.
The sewage goes to a private pumping station located to the south of the property and there is an obligation to pay for it's maintenance to the adjoining owner, albeit they have not requested any funds to date.
The heating for the offices is in the process of being replaced with electric oil fired radiators. There is also a leak in the roof which will need to be fixed by a purchaser.
Units 1-6 = D (90)
Units 7-13 = G (180)
Each party to be responsible for their own legal fees in relation to this transaction.
All figures quoted are exclusive of VAT if applicable.
Multi let office and industrial investment
Income of £22,434 per annum.
8.75% net initial yield (assuming purchasers costs of 2.53%)
EPC for Callington Business Park, Moss Side Industrial Estate, Callington, Cornwall
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