Industrial & Logistics

Armtech Row & Technine

Unit 6 Armtech Row Yeovil, Somerset United Kingdom BA22 8RW
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 30522030
Year Built 1990
Tenure Type Freehold
Building Area
Land Area ()
Number of units 19

Property Description

The property comprises 19 high quality industrial units constructed in the 1990’s from steel portal frame. The property consists of brick elevations with profile metal sheet cladding and a clad pitched roof with an eaves height of circa 5.5 metres. The property provides a total area of 34,594 sq ft GIA which includes 5,934 sq ft of mezzanine floors which the landlord has inherited.  


The units are arranged in two terraces. The rear terrace known as Technine consist of nine units measuring circa 1,000 sq ft each. The units situated at the front of the estate are known as Armtech Row and consist of ten larger units, ranging in unit size from 1,539 sq ft to 3,818 sq ft.


The units have been well maintained and are of a good specification. Each unit benefits from its own forecourt for loading and deliveries with a roller shutter door together with allocated car parking and comprises the following specification:


  • Steel portal frame construction
  • Brick built elevations
  • Profile metal sheet clad roof
  • Eaves height of circa 5.5 metres
  • Mezzanine levels in specific units
  • Roller shutter doors
  • Trade counter entrance
  • Yard space fronting the unit
  • Personal forecourt for loading and deliveries
  • Allocated car parking

Investment Highlights

  • A high quality, multi let industrial estate situated within the established Houndstone Business Park in Yeovil
  • 19 units arranged in two terraces built in the 1990’s to a high specification in units ranging from 1,078 sq ft to 3,818 sq ft
  • The property extends to 34,594 sq ft (3,214 sq m) GIA, including landlord mezzanines 
  • 1.78 acre (0.72 hectare) site reflecting a site coverage of 37% on ground floor footprint
  • Freehold 
  • WAULT of 5.43 years to expiry and 4.90 years to break
  • Multi let to 10 tenants providing a spread of expiries and covenant
  • Current passing rent of £268,602 per annum equating to circa £8.49 per sq ft overall
  • We are instructed to seek offers in excess of £3,800,000 (Three Million Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT
  • Reflecting a Net Initial Yield of 6.64% and a reversionary yield of 7.02%
  • Capital value of only £110 per sq ft which is well below vacant possession values for nearby small unit schemes where they are quoting £200 ft CV
Last Updated Date: 05 Apr 2021
Simon Bennett
Simon Bennett
Director - Capital Markets
Shannon Johns
Shannon Johns
Senior Surveyor

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Last Updated Date: 05 Apr 2021

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