Summary - 52 Buckland Road, Pen Mill Trading Estate, Yeovil, Somerset, BA21 5HA BA21 5HA
1 bed 1 bath Light Industrial
Income-producing site with substantial yard and strong transport links for investors.
Freehold light-industrial asset, 30,333 sq ft across two refurbished units
A substantial freehold light-industrial asset on Pen Mill Trading Estate, offering 30,333 sq ft across two recently refurbished steel portal-frame units. The site extends to c.1.56 acres with secure fenced parking, a large rear yard and good eaves/clearance (4m to haunch, 8m apex). The units are practical for manufacturing, vehicle refurbishment or general warehousing; three roller shutters serve the main unit and two the smaller unit, with excellent access to the A30, A37 and A303.
Both units are fully let to Diamond Cut Refinishing Solutions (trading as Yeovil Car Magic) on new 10-year leases starting Feb and July 2023. Passing rent is £166,170 per annum (£5.48 psf) with OMR reviews in 2028 and a WAULT of 8 years; the smaller unit’s rent increases to £46,170 in July 2025. A purchaser should note the marketed guide (offers in excess of £1,800,000) reflecting a reported NIY of 8.75% and low capital value per sq ft.
Material considerations: the lease term remaining (10 years) and WAULT of 8 years are shorter than many institutional requirements and may restrict mortgage lending options. The immediate area shows higher-than-average crime and socioeconomic classifications described as deprived blue-collar terraces and challenged white communities, which may affect tenant profiles and occupational risk despite the strong transport links and recent refurbishment.
Overall this is a clear income-producing opportunity for buyers comfortable with SME-let industrial assets — offering immediate cashflow, recent refurbishment and substantial yard space — but it suits investors able to underwrite lease-length and local-area risk or to hold long term for rental reversion and asset management.
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