Industrial Unit, Newton Abbott

 

Templer House, King Charles Business Park, Old Newton Road, Heathfield, Newton Abbot, TQ12 6UT

Offers in excess of
N/A
Acquired
Type - Industrial
Tenant type - Industrial
  • Tenure: Freehold
  • Gross Rent: £136,813
  • Lease Term: 10 yrs from Jun '09
  • VAT applicable?: Y

Property Description

  • Detached Industrial Unit Investment.
  • Large detached modern industrial premises (constructed in 2009) with surrounding drive in/out yard, car parking and side loading doors.
  • large unit approx 2,279.11 m (24,532 ft).

Location Description

  • Situated on the King Charles Business Park, off Old Newton Road, in the Heathfield industrial area of Bovey Tracey in Newton Abbot, South Devon.
  • The A38 (Devon Expressway), A380 and M5 are all in close proximity, providing easy vehicular access to Exeter to the North and Newton Abbot to the South.
  • Newton Abbot mainline railway station is approximately 4.5 miles away, providing services to London Paddington, Penzance, Paignton, Taunton, Exmouth, Birmingham New Street, Exeter St Davids and Plymouth. There are also buses serving the area located on Old Newton Road.

Additional Notes

  • The entire premises are let to CareFlex Limited (part of CliniMed group of companies), who make and supply specialist medical seating.
  • 20-year Full Repairing and Insuring Lease from June 2009 (inside the Landlord & Tenant Act), with 5 yearly Rent Reviews (next review in June 2019).
  • Passing rent: £136,813 per annum

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