Listing ID: 5185
Seller ref: 2377
Exeter, Devon
- Sale Price: £3,500,000 total price
Property Details
- Size:
- Undisclosed
- Sale Type:
- For Sale
- Rental Income:
- £852,000
- Auction:
- No
- Development Opportunity:
- No
- Tenanted:
- Yes
- Property Type:
-
- Industrial > Self Storage
- Industrial > Warehouse/Distribution
General Summary
This business comprises a leasehold storage site for caravans and containers of approximately 5 acres located in a large city in the south west together with a freehold site of around 3 acres located 17 miles away and beside the A38 Devon Express way, the main artery between Plymouth and Exeter.
The combined rent roll and the income from the two storage facilities are expected to produce a net profit to May 2012 (after allowing for the cost of two site managers and an accounts clerk) of c£580,000 which is an ROI of 16.57%.
Location
The leasehold site is in the inner city and the freehold site is out of town beside the motorway network.
Contact Agent
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