Anna Mill Business and Distribution Park - Property Pilot

Anna Mill Business and Distribution Park
Wrangaton, South Devon, TQ10 9GQ
FOR SALE
01752 261811

Anna Mill Business and Distribution Park
PROPERTY SUMMARY
Alongside the A38 Devon Expressway
Outstanding environment
Flexible industrial / warehousing
Plenty of open storage
Of interest to owner occupiers and investors
Offers in excess of £1.5 million for the whole
Development land

Anna Mill Business and Distribution Park
Description
Anna Mill was originally built by the Ministry of Defence
as naval stores and decommissioned in 2004 since then
work has started on developing the site as a multi-let
business and distribution park providing terraced units
from 750 sq ft to 40,000 sq ft.
The 11.4 acre main site slopes up from its frontage with
the railway to the B3213 and is arranged in four main
terraces, each of a similar construction of steel frame
with a pitched steel truss roof with full height brickwork
to the elevations and profile metal sheeting to the roof.
All the units are typically 5.4 metres to eves with good
natural light, sealed concrete floor and a range of sliding
and roller shutter doors throughout of varying width
and heights. All benefit from loading canopies to the
main elevation and due to the change in levels restricted
ground floor access to some areas.
A number of the units have been sub-divided the majority
having partitioned offices, toilet and kitchen facilities.
Externally there are communal tarmaced estate roads and
concrete loading areas in front of the units with ample
on-site car parking and open storage.
The site benefits from a café facility in part of block two.
There are two areas of potential development land at
either end of the site, one on the north eastern boundary
on the opposite side of Siding Cross which extends to
3.5 acres and is a rectangular shape which slopes gently
from the frontage with the B3213, consent for which is
currently being sought from South Hams District Council.
The second area is 4.7 acres and is on the south west
boundary of the business park with heavy landscaping
around the boundaries and a large area of filled ground.

Anna Mill Business and Distribution Park
LOCATION PLAN

Anna Mill Business and Distribution Park
Location
Located to the south of the B3213, just
half a mile from its junction with the A38
Devon Expressway which gives direct links
to Plymouth 15 miles to the west and
Exeter 32 miles to the north east.
The business and distribution park benefits
from being close to the moorland towns of
Ivybridge (Population 12,000) and South
Brent (Population 3,000) and is well placed
to serve the wider South Hams area, which
has a total catchment of just under 500,000
and overflow business from Plymouth.
On the southern side of the boundary is
the main Penzance to London Paddington
railway line, which provides a local
commuter link to Plymouth from Ivybridge,
just 2.6 miles to the west.
As well as a stunning moorland backdrop,
the site benefits from the facilities and
workforce provided by Ivybridge.

Anna Mill Business and Distribution Park
Services
We understand that mains water, gas and electricity
including 3 phase are available on the site, not all
units are connected to mains gas. There is one supply
for each of the individual services which is then
submetered. The estate has two private foul water
drainage systems which discharge into a nearby
stream.
Tenancies & Covenant Strength
The majority of units are let on flexible leases on
effective full repairing and insuring terms, with a
typical length term being 3 years which is in line with
current market trends for this type of accommodation.
The tenancies include a range of local businesses of
varying financial strength.
Tenure
The property is available Freehold subject to the
tenancies described in more detail in the schedule
attached.

Anna Mill Business and Distribution Park
Service Charge
Additional service charge rents are collected to cover buildings insurance,
building repairs and maintenance of outside areas which is currently running
at around 40p psf. In the case of older lettings this is by way of a side letter
but with the new lettings it is included in the lease. Further information
available on request.
Industrial Market
The areas alongside the A38 Devon Expressway provide the South Hams
with its main employment opportunities as well as acting as overflow for the
larger Plymouth Market. The employment stock includes Langage Business
Park on the outskirts of Plympton, Lee Mill Industrial Estate, as well as smaller
estates at Ivybridge, South Brent and Red Lake Industrial Estate close to Anna
Mill.
For units up to 2,000 sq ft the tone is £5-£6 per sq ft, 5,000 sq ft £4 - £4.50
per sq ft, 5,000 – 10,000 sq ft £3 - £3.50 per sq ft, 20,000 sq ft + £2.50 - £3
per sq ft.
Anna Mill offers a cost effective alternative in this market.
Planning
Anna Mill was subject to a change of use in 2004, application number
9/57/1295/95/4 was approved allowing a change of use from B8 to include
B1 & B2 use in accordance with The Town and Country Planning (Use Classes)
Order 1987.
The land to the north east of Anna Mill was approved in outline for employment
development, use classes B1 and B8, application number 57/0876/04/O.
This application was for a period of 3 years from the 4th May 2004. There is
a further outstanding application, number 57/0759/09/F, which is pending
approval subject to agreeing the Section 106 Agreement. This application is
for commercial development for use B1b, B1c, B2 and B8 uses.

Anna Mill Business and Distribution Park
Planning
The land to the south west of Anna Mill has been
zoned in the past for employment use but this
designation has been withdrawn. There is currently
an order in place for remedial works to the site,
which will be completed during the next planting
season. Following this there will be a prohibition
order placed on the site for tipping. All the site is
covered by a woodland order.
Proposal
Our clients preference is for the sale of Anna Mill as
a whole for which we are seeking offers in excess of
£1,500,000 subject to contract.
Our clients would also consider letting of the current
vacant units, terms available on request.
VAT
The property is VAT registered and therefore the sale
can be treated as a transfer of the business as a going
concern (TOGC) subject to the buyer satisfying the
usual eligibility criteria.
Legal Fees
Each party is to be responsible for their own legal
costs incurred in the transaction.

Anna Mill Business and Distribution Park
SITE PLAN
Land south west of Anna Mill

Anna Mill Business and Distribution Park
SITE PLAN
Land north east of Anna Mill

Anna Mill Business and Distribution Park
SITE PLAN
Anna Mill

Anna Mill Business and Distribution Park
TENANCY SCHEDULE
Unit Area SQ FT Tenant Start Date End Date Term
Yrs
Rent
Review/ Break
Rent
£PSF
Rent £PA
Terms / Comments
The Gatehouse 750* Vacant - - . - - - -
The Garage 2,681 Butch Hitchcock
(T/A Dartmoor Engineering)
Lean-to Unit
(Rear of shed 1)
1,500* Richard Perkins
(T/A Perkins Engineering)
24 June 2013 23 June 2016 3 - 2.57 6,900 Unit under offer. Solicitors
instructed. Tenant currently in
occupation.
25 March 2012 24 March 2015 3 - 4 6,000 -
The Old Incinerator 800 - 24 June 2013 25 December 2013 6 month - 4 1,600
(For the term)
Offices 1,800* - - - - - - - -
Under offer. Solicitors instructed.
Units 100- 117 36,000 Vacant - - - - - - -
Units 118 - 121 7,000 Vacant - - - - - - -
Units 122 - 123 3,867 Vacant - - - - - - -
Units 124 - 129 12,000 Total Floor Ltd 5 June 2013 4 September 2013 3 month - 3 9,000
(for the term)
Unit 130 3,110 Butch Hitchcock 1 June 2012 31 May 2015 3 - 4.76 12,000 -
Units 131 - 133 3,110 Paul Bowden 24 June 2012 23 June 2015 3 - 3.24 12,000 -
Unit 134 1,825* Richard Stevenson
(T/A Deep Blue Technical)
25 December 2009 24 December 2015 6 - 4.93 9,500
Unit 135 1,750 Daniel Dolman 1 October 2012 30 September 2013 1 - 4.29 7,500 -
Under offer. Solicitors instructed
initial period of 3 months paying
£9,000 upfront. Trial period so
there is a possibility of extending
further.
Units 136 - 141 12,000 Ocean Leisure Storage 1 March 2013 28 February 2025 12 1 March 2019 (RR) 2.00 24,000 Year 1-3 – £24,000 pa
Year 4 – £28,000 pa
Year 5 – £32,000 pa
Year 6 – £36,000 pa
Rent commencement date
1 March 2014.
Units 142 – 145 7,400* Vacant - - - - - - -
Units 146 - 147 4,360* Trade Discount Stores
Limited
Units 148 - 151 8,000 West Country Road
Management Limited
Units 152 - 155 8,378 Westcountry Road
Management Limited
24 June 2013 23 June 2025 12 2.29 10,000 Under offer. Solicitors instructed.
25 May 2013 24 February 2017 3 - 2.00 16,000 Under offer. Solicitors instructed.
25 February 2011 24 February 2017 6 - 1.90 16,000 There is a lean to area also
occupied by the tenants which
isn’t included in the lease and
therefore no rent is paid for this
area.
Units 156 - 175 40,000* M- Teknology Limited 24 June 2012 23 June 2024 12 24 June 2018 (RR) 3.00 120,000 Rent due to commence 24 June
2013.
- - Network rail infrastructure
Limited
- - - - - - Easement agreed as and when
requested.
RR - Rent Review
* - The unit was not inspected by Vickery Holman and we are relying on information supplied by our client.

Anna Mill Business and Distribution Park
SITE PLAN
156-174
MAIN ENTRANCE
GATE
HOUSE
Lean To
100-117
118-121
122-123
124-129
136-141
146-147
142-145
148-151 152-155
131-133
135
130
134
GARAGE
OLD INCINERATOR
For identification purposes only

Anna Mill Business and Distribution Park
EPC’s
The Gatehouse G (191)
The Incinerator G (188)
The Lean Too G (192)
Unit 100 – 117 D (83)
Unit 116 F (142)
Unit 118 – 121 D (91)
Unit 131 Stairs G (153)
Unit 134 Diving G (199)
Unit 135 Garage F (139)
Unit 136 – 141 C (67)
Unit 142 – 145 E (104)
Unit 146 – 147 D (86)
Unit 122 – 123
Unit 124 – 129
F(133)
F(137)
Unit 148 – 151 C (74)
Unit 152 – 155 D (98)
Unit 130 – 134 E (104)
Unit 156 – 175 D (88)

01752 261811
For further information please contact
Michael J. Oldrieve MRICS
Director
Direct Dial: 01752 273836
moldrieve@vickeryholman.com
Joanne Harwood
Commercial Agent
Direct Dial: 01752 234123
jharwood@vickeryholman.com
‘Vickery Holman supports the aims and objectives of the Code for Leasing Business Premises in England and Wales 2007 which recommends that you seek professional advice
before entering into a tenancy agreement. Please refer to www.leasingbusinesspremises.co.uk for further information.’
VICKERY HOLMAN for themselves and for the Vendors or Lessors of the property who’s Agents they are, give notice that:
1) The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer of contract;
2) All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given with out responsibility and any intending
purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each
of them;
3) No person in the employment of Vickery Holman has any authority to make or give any representation of warranty in relation to this property.
4) Subject to contract 5) June 2013