SIG, Marsh Barton Trading Estate, Exeter

The property comprises of a purpose-built single storey detached industrial building constructed in the 1970's. The building is of a steel portal frame construction with concrete block elevations under a new profile pitched roof. The unit has an eaves height of between 4.85-6.09 metres.

Full specification includes:

• Steel portal frame construction
• Internal brick-built elevations
• New composite roof panels, sky lights and downpipes
• Integral two storey office accommodation
• 3x up and over/roller shutter doors
• Loading canopies above all roller shutter doors
• Trade counter entrance and element
• Large yard areas at the front and rear of the unit
• Allocated car parking

•  Situated within Exeter’s prime trading estate
•  Detached and refurbished building totaling 24,076 sq ft (2,236 sq m) GIA
•  Low site coverage of only 25%
•  999 year long leasehold at a peppercorn rental
•  Single let to established National covenant of SIG Trading Ltd 
•  Let on a 10-year lease until September 2027, with an unexpired term of 5.23 years until expiry
•  Low base rent at 50% of new build rental levels
•  Rent of £135,000 per annum reflects only £4.30 per sq ft on the building, and £1.00 per sq ft on the surplus yard
•  Seeking offers in excess of £2,525,000 (TWO MILLION, FIVE HUNDRED AND TWENTY FIVE THOUSAND POUNDS) subject to contract
•  Net Initial Yield of 5.03%, and a Reversionary Yield of 7.80%, assuming purchasers’ costs of 6.38%
•  Capital value of only £104 per sq ft