Brommhill Way Industrial Estate, Torquay
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£1,000,000
Jan 2009
Franck-Steier Price Ltd (FSP) have recently concluded the purchase of Broomhill Way Industrial Estate, a trade park located adjacent to the main retail warehousing in Torquay. The scheme comprises 5 units with trade counters totalling 16,500 sq.ft.
Tenants include South Devon Healthcare Trust, Unipart and BSS Group with a total rental income of £98,000.
The purchase price was £1,000,000 representing a net initial yield after costs of 9.27% assuming usual costs of purchase of 5.75%.
The vendor was represented by Rowley Hughes Thompson and Franck-Steier Price Ltd (FSP) acted for the purchaser.
