Description -

A warehouse/factory building comprising two adjoining units.

Accommodation -

The site extends to approximately one acre.

112A Coronation Road
Ground Floor Factory/Office 443.82 m 4,777.28 sq. ft.
First Floor Office 109.93 m 1,183.24 sq. ft.
Total - 553.75 m 5,960.52 sq.ft.

112B Coronation Road
Ground Floor Factory 264.31 m 2,845.04 sq. ft.
First Floor Office 49.56 m 533.52 sq. ft.
Total - 313.87 m 3,379.56 sq.ft.

TOTAL approx. Gross Internal Area - 867.62 sq.m 9,339 sq.ft.)

Parking is available to the front and side.

Terms -

PRICE - Our clients seek offers in excess of £650,000 (six hundred and fifty thousand pounds), subject to contract for the benefit of their ground leasehold interest.

Rent -

LONG LEASEHOLD INTEREST - A 92-year ground lease was entered into from 25th March 1956 with approximately 28 years unexpired. The current ground rent is £80 per annum.

LEASES
112A
Let to The Green Board Game Company expiring on 6th July 2026, and is subject to 5 yearly rent reviews. The next rent review is in July 2021.
The passing rent is £30,000 per annum exclusive of Business Rates, building insurance, and all other outgoings including utilities.

112B
Let to The Green Board Game Company, expiring on 6th July 2026, subject to 5 yearly rent review due 6th July 2021.
The current rent is £20,000 per annum exclusive of Business Rates, building insurance, and all other outgoings, including utilities.
The total net income receivable is therefore £50,000 per annum with scope for uplift in 2021 by implementing the rent reviews.

Rateable Value -

To be confirmed.

Energy Performance Rating -

The EPC rating for this property is:
112A: E - 124
112B: C - 66