3 & 6 Cheddar Bus. Park
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3 & 6 Cheddar Bus. Park
2 Properties Offered at $2,162,897 in Cheddar
Investment Highlights
- Easily accessible
Executive Summary
The freehold interests, subject to the existing leases, are available at a guide price of £1,750,000. *Available as a whole or separately.* This figure reflects a net initial yield of 6.13% after allowing for purchaser’s costs.
The properties are to be sold subject to two 10 year FRI leases at a combined rent of £114,000 per annum with a mutual breaks and standard upward only rent reviews on the 5th anniversaries. Majestic Designs (UK) Ltd. have been trading for 21 years specializing in the manufacturing and installation of high quality UPVC and Aluminum windows, doors and conservatories across the region. Majestic Designs (UK) Ltd.’s YE 2022 showed a net worth of £5,105,250 a rise of 21.6% on the previous year’s £4,199,923. They are credited as a Low Risk and Very Low Risk and their YE 2022 accounts show total assets of £5,613,774 and shareholders funds of £5,105,250.
The properties are to be sold subject to two 10 year FRI leases at a combined rent of £114,000 per annum with a mutual breaks and standard upward only rent reviews on the 5th anniversaries. Majestic Designs (UK) Ltd. have been trading for 21 years specializing in the manufacturing and installation of high quality UPVC and Aluminum windows, doors and conservatories across the region. Majestic Designs (UK) Ltd.’s YE 2022 showed a net worth of £5,105,250 a rise of 21.6% on the previous year’s £4,199,923. They are credited as a Low Risk and Very Low Risk and their YE 2022 accounts show total assets of £5,613,774 and shareholders funds of £5,105,250.
Property Facts
| Price | $2,162,897 | Number of Properties | 2 |
| Price / SF | $108.20 / SF | Individually For Sale | 1 |
| Cap Rate | 6.13% | Total Building Size | 19,990 SF |
| Sale Type | Investment | Tenure | Freehold |
| Status | Pending | Total Land Area | 0.55 AC |
| Price | $2,162,897 |
| Price / SF | $108.20 / SF |
| Cap Rate | 6.13% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 19,990 SF |
| Tenure | Freehold |
| Total Land Area | 0.55 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Wedmore Rd, Cheddar BS27 3EB | Industrial | 13,403 SF | 2009 | $1,235,941 |
| Wedmore Rd, Ground - Unit 3, Cheddar BS27 3EE | Industrial Condo | 6,587 SF | 1998 | - |
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3 & 6 Cheddar Bus. Park
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