Article hero

Industrial investments on popular estate

March 2024

An opportunity to invest in a thriving Somerset trading estate is being offered by award winning agents Greenslade Taylor Hunt.

Two modern industrial units situated within Cheddar Business Park are on the market at a guide price of £1.75M, reflecting a net initial yield of 6.13%. They are also available separately at guide prices of £1M and £750k. 

The commercial estate is in an accessible location, close to the A371 and only 10 miles from the M5.

Both units are occupied by long established firm, Majestic Designs (UK) Ltd, which has been trading for 21 years. It specialises in the manufacture and installation of UPVC windows, doors and conservatories across the South West. The business is unaffected by the sale.

Together the units at Wedmore Road provide warehousing and stores totalling 16,270 sq ft, plus 3,720 sq ft of modern offices.

The properties are being sold subject to two 10-year FRI leases at a combined rent of £114,000 per annum with mutual breaks and standard upward only rent reviews on the fifth anniversaries. Leases only having commenced in April 2023.

For more information and to arrange a viewing please contact Joseph Hughes or Zack Dennington on 01823 334455.

Related News