Investment For Sale Lister Mill Business Park, Plympton, Plymouth

Lister Mill Business Park, Lister Close, Plympton, Plymouth PL7 4BA

Tel: 01752 222135 www.listers.uk.com

LOCATION Plympton effectively forms part of Plymouth’s urban conurbation, which in total has a population of 250,000 with a catchment in excess of 350,000. The town lies approximately 5 miles east of the City Centre, with its associated retail and leisure facilities. Good access is available to Lister Mill from the A38 dual carriageway (via the busy B3417), which leads east to Exeter and the national motorway network, and west to Cornwall. The property occupies a visible elevated position. The Newnham Industrial Estate, of which Lister Close forms part, is a lively retail and trade counter location.

DESCRIPTION Lister Mill comprises a mix of trade counter, office, warehouse and industrial units totalling 30,622 ft² / 2,845 m², on a site of approximately 2 acres / 0.83 hectares. The extensive car park offers a great opportunity for further development (subject to planning consents). Mains water, drainage, gas and electricity are connected or available. A service charge is levied for upkeep of common parts. INVESTMENT SUMMARY • Asset management opportunity • Multi-let investment producing 12.1% initial yield (assuming usual purchaser’s costs). • Development potential (stpp) • Good tenant and tenure mix • Lively re-letting market for unit parcel sizes

Lister Mill Business Park, Lister Close, Plympton, Plymouth PL7 4BA

Tel: 01752 222135 www.listers.uk.com

Unit

Tenant Unit size ft² Lease start Lease end Term Next review Review Rent £pa

Unit 1 Construction Training South West Ltd 1,600 24-Mar-13 17-Aug-15 2 yrs 5 mths n/a 6,500

Unit 2 (u/o) Construction Training South West Ltd 1,000 24-Jun-13 17-Aug-15 2 yrs 2 mths n/a 6,500

Unit 3 & 5A Andrew Dennett (Reptile World) 1,800 01-Sep-10 31-Aug-13 3 yrs n/a 10,000

Unit 4 Construction Training South West Ltd 1,500 29-Sep-12 17-Aug-15 2 yrs 10 mths n/a 6,500

Unit 6, 7 & 5B Kirk Moran 4,250 01-May-13 30-Apr-17 4 yrs n/a 13,500

Unit 8-11 Grevan Cars Ltd T/A Ocean BMW 5,100 18-Aug-03 17-Aug-15 12 yrs n/a 3 yr 30,000

Unit 12 Dodd Group (South) Ltd. 3,800 19-Apr-11 18-Apr-17 6 yrs n/a 12,300

Unit 13 Christopher Burch 2,200 01-Feb-13 31-Jan-14 1 yrs n/a 6,000

Unit 14 GF MSC Motorcycles 1,800 25-Dec-10 24-Dec-22 12 yrs 25-Dec-16 6,000

Unit 15 Anthony Stevens T/A Fringes of Plymouth 1,872 01-Nov-11 31-Oct-12 1 yr n/a 7,500

Unit 16 Heavenly Leisure Ltd. (Abigail Knight) 2,200 01-Nov-07 31-Oct-13 6 yrs n/a 11,500

Unit 17 Trevor Denford Transport Ltd. 1,700 01-Mar-13 28-Feb-25 12 yrs n/a 3 yr 10,500

Unit 18 John Morgan 1,800 01-May-08 30-Apr-14 6 yrs n/a 9,500

Mast Orange Personal Comms Services Ltd. 29-Oct-99 28-Oct-09 10 yrs n/a 1,418

Total 30,622 137,718

TERMS OF AVAILABILITY The property is available at an asking price of £1,200,000 + VAT, which reflects a net initial yield of 12.1%, assuming usual purchaser’s costs of 5.75% (each party to bear their own legal costs).

TENANCY SCHEDULE (valid as at 9 May 2013)

Lister Mill Business Park, Lister Close, Plympton, Plymouth PL7 4BA

ENERGY PERFORMANCE Assessments range from B (42) to G (250) and the average rating is E (115). BUSINESS RATES Each unit is assessed individually and Rateable Values vary across the business park. Further details available on request. Further Information To arrange inspection and for further information please contact: Ifan Rhys-Jones Listers Property Consultants ltd 16 Watson Place Plymouth PL4 9QN Tel: 01752 222135 irj@listers.uk.com www.listers.uk.com

MISREPRESENTATION ACT COPYRIGHT DISCLAIMER No part of this document may be reproduced or transmitted in any form or by any means without prior written consent of Listers Ltd. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them. All Rights Reserved. COPYRIGHT LISTERS Ltd 2013. Registered in England Company Number: 8473324 VAT no: 159 0357 01