Summary - 4, EAST WAY PL21 9GE
1 bed 1 bath Light Industrial
**Standout Features:**
- Prime location in the sought-after Lee Mill Industrial Estate near Ivybridge.
- Substantial space of 9,447 sq ft with roller shutter access for large deliveries.
- Features two mezzanine levels for additional storage.
- Office/reception area and conservatory structure provide versatility for tenant use.
- Long-term tenant with a solid Experian score of 94, offering stability.
- Attractive NIY of 6.14%, presenting reversionary potential.
- Off-street parking and loading facilities available.
- Excellent mobile signal; average broadband speeds.
**Summary:**
Seize an exceptional investment opportunity with this extensive industrial unit located in the popular Lee Mill Industrial Estate. With a generous total space of 9,447 sq ft, this property features roller shutter access to efficiently accommodate large consignments. The additional two mezzanines heighten its storage potential, making it perfect for businesses looking for ample room to grow. The front office and conservatory area add versatility, serving well for client interactions or team breaks.
Currently occupied by a long-term tenant boasting an impressive Experian score of 94, this property offers stable income with a low passing rent of just £5.22 psf, hinting at potential for future rent increases. Positioned conveniently near the A38, this location provides easy access to major routes leading to Exeter and Plymouth, making it ideal for logistics operations. With a price of £650,000 and low business rates set to improve cash flow, this property is perfect for savvy investors seeking both security and growth in an expanding industrial area. Don't miss this chance for a lucrative investment in a desirable commercial community!
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