Summary - UNIT 3, BESS PARK ROAD PL27 6HB
1 bed 1 bath Light Industrial
Five-unit freehold estate with immediate income and substantial yard near A39.
Approximately 0.68 acre plot with front parking and rear yard
A practical investment opportunity in Wadebridge comprising five light industrial units within a single mid-20th century building. Four units are currently let, producing a combined rent of £68,205 per annum; recent lettings demonstrate active demand on the estate. The freehold is offered at a guide price of £745,000, reflecting a net yield of 8.69% after purchase cost allowance.
The property sits on approximately 0.68 acres with parking to the front and a good-sized yard to the rear, offering scope for additional parking, storage or minor yard development. The building is constructed in blockwork with a mix of pitched roof on steel trusses and a flat roof, which was renewed in 2022 — a recent capital expenditure that reduces immediate roofing risk.
Prospective buyers should note the tenancy profile and physical characteristics: the investment is over 85% tenanted (Unit 3D appears vacant), with an average rent of £6.83 per sq ft. Interiors are functional, with standard/low ceiling heights and mid-century industrial finishes — suitable for storage, light manufacturing or trade uses but likely requiring tenant-specific fit-out or refurbishment for higher rental levels.
Location advantages include easy access to the A39 Atlantic Highway and local amenities in Wadebridge. Risks to factor include the local area’s higher deprivation indicators and average local crime statistics, which may influence tenant mix and rental growth. Overall this is a cash-flow-focused industrial freehold with immediate income and short-term upside through letting the vacant unit or targeted refurbishment.
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