Sold. Document Storage & Warehouse Two Sites (one Freehold & One Leasehold)

Document Storage & Warehouse Two Sites (One Freehold & One Leasehold)
Ref.GI043
Location Devon
Asking Price £ 3,500,000
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 leasehold site has recently been refurbished and cleared and has 115 containers and space for 200 caravans. This site is already 60% full.

The second site has been in operation for 5 years and is 70 % of the total current storage capacity. There is however space available to double storage capacity. It is made up of a newly built Commercial Warehouse and Office complex together with a Storage Facility and Document Storage Facility.

In addition there are 78 storage containers with space to increase these by an additional 30 containers. No expense has been spared by the owners in its development and the complex has been built to a very high specification. There is scope to increase considerably the amount of permanent storage space and warehousing (SPP). This is superb opportunity to acquire two excellent commercial properties producing accelerated returns.

The freehold complex is made up of four purpose built warehouses and an office complex. Two of the warehouses and the offices are let out to tenants on long term leases. Part of the third warehouse is also tenanted.

The site is fully let and can be run entirely under management. The combined rent from approximately 11,000sqft of tenanted space is around
£176,000 net.

The balance of the third warehouse and the fourth warehouse together with 78 shipping containers are used for Personal/Commercial Storage and Document Storage.