Thornfalcon Works TA3

Thornfalcon Works TA3

26.2 acres (10.6 hectares)

Taunton 3 miles
Corner Cottage 0.7 miles
Ilminster Road Busway 1.4 miles

FREEHOLD FOR SALE
Highly Reversionary, Multi-Let Industrial Outdoor Storage Investment

Investment Summary
26.24 acre site of mainly Class 1 IOS land along with associated ancillary buildings and non-commercial land.
Strong location 1.5 miles west of the M5 at Junction 25 and 3 miles west of Taunton city centre.
Significant reversionary potential.
Low initial passing rent of £587,650 per annum with ERV in excess of £1,000,000 per annum.
Current rents equate to £0.65 per sq ft overall on the IOS leased areas.
Freehold.

Key Features

  • The Thornfalcon Works site is occupied by various separate planning uses together comprising a mix of B2, B8, and sui generis uses.
  • EPC certificates are available on the data room or via the agents.

Location

Thornfalcon Works, Henlade is located approximately 3 miles east of Taunton. The estate is just 1.5 miles from the M5 at junction 25 which is accessed via the A358 dual carriageway. The A358 also links with the A303 approximately 8 miles to the south east.

Taunton town centre offers strong local amenities. Taunton railway station is 3 miles to the west and provides direct services to London Paddington (1 hour 40 mins), Bristol (30 mins), Birmingham (2 hours) and Exeter (27 mins). Bristol Airport is 50 miles to the north and offers domestic and international flights.

Key property details
Tenure
Freehold £7,500,000 Offers in excess of
Size
26.2 acres 10.6 hectares
Type
General Industrial and Storage & Distribution Investments (Industrial and Warehousing)
Carter Jonas reference
20018978
Property agent
Andrew Mitchell

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