Description -

The premises are used as a plumbing and heating trade counter, which includes offices, warehouse and trade counter to the ground floor with ancillary offices to the first floor. There is an extensive mezzanine floor providing additional storage accommodation.

The unit is constructed with brick elevations with profile steel cladding above. There is ample parking and possible scope to extend the warehouse accommodation subject to the necessary planning consents being obtained.

The premises are currently let to Tucker French Limited for a term of 20 years from 31st January 2014 with 5 yearly upwards only rent reviews, with the last rent review settled at £38,000 equating to approximately £14.80 per sq.ft. The lease is inside the Landlord & Tenant Act 1954 Part II. A copy of the lease is available on request.

Accommodation -

The premises comprise the following approximate Gross Internal Areas:

Ground Floor:
Offices/Trade Counter 62.11 sq.m / 668.55 sq.ft
Warehouse 148.45 sq.m / 1,597.86 sq.ft

First Floor:
Offices 27.98 sq.m / 301.17 sq.ft

Total 238.53 sq.m / 2,567.58 sq.ft

Terms -

Our client seeks £625,000 for their freehold interest.

VAT is not applicable.

To comply with our legal responsibilities for Anti-Money Laundering it will be necessary for the successful bidder to provide company information, identification and proof of funds before the deal is completed.

Rateable Value -

The Valuation Office website indicates that the 1st April 2023 Rateable Value for the property is £26,000. Rate in the £ for 23/24 is 49.9p.

Energy Performance Rating -

C-72