Gloucester Close 4,326 SF Industrial Building Honiton EX14 1SJ $780,159 CAD ($180.34 CAD/SF)

The freehold interests comprising the property are offered by way of a sale at a guide price of £420,000.
Held by way of two freehold titles; details on request.
Tenancies: Both units are let to Honiton Tile & Bathroom Limited (Co Reg 13195587) with director’s guarantees, by way of two leases, both expiring on 31st October 2026. The passing rent under each lease is £14,700 per annum exclusive, aggregate passing rent therefore £29,400 p.a. exclusive. The leases are contracted out of security of tenure.
A detached building constructed in 2005 and comprising two semi-detached industrial units.
• Steel portal frame, elevations partly brick-faced blockwork and part insulated sheet metal cladding, roof of insulated metal cladding with translucent panels.
• Each unit has a glazed pedestrian entrance of powder-coated aluminium, and a separate sectional up-&-over loading door (4.0m x 4.0m).
• 4 designated parking spaces per unit (8 in total) in concrete-surfaced forecourt shared with building opposite.
• Unit 1 fitted out by the tenant to provide tile and bathroom showroom with suspended ceiling.
• Unit 2 mainly provides full-height warehouse, but partially fitted out by the tenant with ground floor showroom and mezzanine comprising offices, storage and welfare facilities.

Honiton sits at the junction of the A30, A35 and A376 roads, around 16 miles east of Exeter via the A30 dual carriageway which provides a direct link to Junction 29 of the M5 motorway. Honiton has a population of circa 12,000. The property is situated on the Heathpark Industrial Estate, which is at the town’s western periphery with direct access to the A30 dual carriageway. The property is situated at the eastern end of the estate and nearby occupiers include a gym, an indoor play centre and a number of retail and trade sales outlets.