13 Gravelands Ln - Thornfalcon Works 26.24 Acres of Industrial Land Offered at $13,876,746 CAD in Taunton TA3 5DL

Thornfalcon Works comprises a 26.24-acre freehold Industrial Outdoor Storage (IOS) estate, strategically located at Henlade, approximately 3 miles east of Taunton and just 1.5 miles from Junction 25 of the M5, accessed via the A358 dual carriageway. The estate is predominantly surfaced with hardstanding, concrete and tarmac, and accommodates a mix of open storage land, ancillary industrial buildings and non-commercial land, providing an established and operational IOS environment.
Approximately 20.23 acres are currently in active commercial IOS use across four separately accessed plots, benefitting from mains electricity, water and drainage, alongside a wide concrete access road and secure gated entrance. Additional land includes a grazing plot and a former residential dwelling scheduled for demolition. The property is multi-let on six leases and produces a current passing rent of £587,650 per annum, equivalent to approximately £0.65 per sq ft across the let IOS areas, which is considered significantly reversionary, with an estimated ERV in excess of £1,000,000 per annum.
Planning uses across the estate comprise a mix of B2, B8 and sui generis, with Somerset Council having previously identified the site as ‘potentially developable’ within its Strategic Housing Land Availability Assessment (2023), providing longer-term alternative use and redevelopment prospects. The investment benefits from a low capital value of approximately £285,000 per acre, strong tenant demand for IOS land, and excellent connectivity across the South West, reinforcing its appeal as a highly reversionary, future-proofed land-led investment.