Filham Park, Ivybridge Guide Price £400,000 (Freehold)

Occupying a convenient but secluded position just south of A38 off Godwell Lane within the popular town of Ivybridge some 12 miles to the east of the City of Plymouth Ivybridge has an ever increasing population and is a popular residential area with excellent communications with the A38 Devon Expressway facilitating easy access to both Plymouth and Exeter. Ivybridge also is served by a mainline station with regular services to London Paddington and further afield.

The unit is constructed with a portal frame with profile plastic coated sheet with internally concrete block walls. The building is served with two roller shutter doors and with a set of double doors to one end as well allowing potential division if required.

The access to the site is not suitable for articulated vehicles and as you can see from the photo the site is subject to an easement for overground electricity cables via pylons.

Accommodation-portal frame eaves height 4.75m

Ground floor 532.95 sqm 5735 sqft

First Floor Offices 91.60 sqm 985 sqft

Mezzanine (warehouse) 30.95 sqm 335sqft

Total 661.80 sqm 7055 sqft

Outside-good sized level mainly hard surface gated and fenced yard

Total site area - Approximately 0.3 Hectares or 0.75 acres

Directions

Please Use What Three Words app-https//w3w.co/explorer. inflation. buying

For precise directions to front gate.

Lease

Tenant - IRS (WEB)Ltd with Directors personal guarantee

6 years form 1st March 2016 on effective FRI terms

The Current rent is £30,000p.a.- only £45.77sqm (£4.25sqft) overall excluding yard.

EPC "E"

The Proposal

Offers are invited in excess of £400,000 for this excellent opportunity

The current owners are pension fund trustees and are selling only due to the beneficiaries change of circumstances requiring greater liquidity within the fund.

The Trustees are considering the service of a S25 notice under the Landlord and Tenant act 1954 part 2 to terminate the current lease but have yet to do so.

The tenant has indicated a willingness to renew their tenancy.

Further details on request. We are the properties current managing agents.

Services

Mains 3 phase electricity .Drainage to sceptic tank. No gas connected

VAT & Legal Costs

All prices quoted are exclusive of VAT where chargeable.

We do not believe that this property has been elected to VAT.

Each party to be responsible for their own legal costs incurred.

Viewing - Strictly by prior appointment. Contact Waycotts