77 Saint Modwen Road 9,658 SF Industrial Building Plymouth PL6 8LH $1,859,912 CAD ($192.58 CAD/SF) 7.23% Cap Rate

Freehold trade counter/warehouse investment.
We are instructed to seek offers of £1,000,000 reflecting a yield, based upon the reversionary rent of 7.23% after purchasers costs of 5.45%.
Built in the 1980s, the property comprises a detached industrial unit of steel portal frame construction with plastisol-coated profile steel cladding and roof incorporating approximately 10% translucent daylight panels. The minimum height to eaves is 5.2m and externally is a tarmac surfaced yard/car park.
Access is via a roller shutter door 3.6m wide x 4.5m high. Internally, an office/trade counter with central heating and suspended ceiling incorporating vdu-compatible lighting has been installed.
Plymouth is the second largest centre in the south west of England after Bristol and lies approximately 120 miles to the south west of Bristol and 45 miles to the south west of Exeter. The city has excellent communication links with the A38 dual carriageway providing direct and easy access to Exeter and the M5 motorway. Plymouth is served by First Great Western, providing direct rail access to London Paddington (3 hours) and Bristol Temple Meads (2 hours).
St Modwen Road is situated on the Parkway Industrial Estate, a modern and established estate immediately adjacent to the Marsh Mills roundabout and therefore access to the A38, local and regional road network is excellent. The estate is approximately 2 miles from Plymouth City Centre and includes a mixture of industrial, trade counter, offices, self-storage, auto retail and non-food food retail occupiers. Nearby occupiers include Next, Homebase, Halfords, DFS, Currys, Costa, Plumbase, Howden Joinery, BSS and Ocean BMW.