News

50,000 SQ.FT (4,645 SQ.M) FACTORY PREMISES ON 2.745 ACRE SITE - QUOTING PRICE £1.1 MILLION - MAY 2017

Not often does such a substantial factory / warehouse premises come to the market in North Devon as has just been placed in the hands of Commercial and Business Specialists JD Commercial Estate Agents.  Acting on behalf of the Freeholder who is based out of the area, marketing has recently commenced on the premises that for many many years has been occupied by CQC who are relocating to new facilities close by.  The highly prominent 2.745 acre site is located on the junction of Riverside Road and Pilland Way on Pottington Industrial Estate, with the factory / office premises of 52,014 sq.ft (4,832 sq.m) sitting to the front of the site with a tarmacadam distribution and storage yard to the rear.  Agents JD Commercial expect to receive wide ranging interest from owner occupiers looking to take advantage of the low capital value per sq.ft of £21.15, to investors and developers who may choose to sub divide the building into smaller unit sizes, which can easily be undertaken given there is vehicular access around the whole of the building.  Both Freehold and Leasehold proposals are being invited, by way of respective quoting prices £1,100,000 and £140,000 per annum.  It is expected CQC will have undertaken their relocation by June 2017 with vacant possession offered from this point.  More information can be obtained from JD Commercial on 01237 424053 or via www.jd-commercial.co.uk.