Experienced South West commercial property developer London and Devonshire Trust (LDT) is offering an excellent investment opportunity in Plymouth.
The company, which has a proven track record in regenerating vacant sites, is marketing a fully let and income-producing four acre section of the newly created Plymouth Enterprise Park at Ernesettle Lane just off the A38 within the city limits.
The site is occupied by Westcountry Storage Solutions and Vi-Spring Ltd on two co-terminus leases, let for twenty year terms generating a combined annual rental stream of £75,000 with some guaranteed uplifts.
Property agent Philip Kerr, Harcourt Kerr, stated: “LDT’s ability to turn around a vacant site in a short period of time and up against the challenges of a recession is quite an achievement, proving their skill in identifying profitable opportunities.
“At £945,000 providing a 7.5 per cent yield, this investment is an attractive proposition for small pension funds, family trusts or individuals looking to expand their commercial portfolio.”