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2 Carbeile Rd

2,238 SF Industrial Building Torpoint PL11 2EA $401,065 CAD ($179 CAD/SF) 7.81% Cap Rate

Investment Highlights

  • Approximately 1/2 mile from the Torpoint ferry terminal linking to the City of Plymouth
  • Light industrial / warehouse
  • Access to the A374 links westward into Cornwall
  • EPC - C

Executive Summary

Trade Counter / Industrial Investment for sale at asking Price - £225,000 reflecting a net initial yield of 7.81%, producing rent of £18,000 PAX.
Our client wishes to dispose of the freehold interest in the premises, subject to the existing lease of 6 years that commenced on 15th April 2024. The Tenant is Shearwater Marine Services Limited. They have been trading for in excess of 32 years and are rated as a Very Low Risk Company. Lease expiry April 2030.

Property Facts

Price $401,065 CAD
Price Per SF $179 CAD
Sale Type Investment
Cap Rate 7.81%
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.12 AC
Rentable Building Area 2,238 SF
No. Stories 1
Year Built 1990
Tenancy Single
  • Listing ID: 33930608

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 2 Carbeile Rd, Torpoint PL11 2EA

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