Description -

An industrial storage facility suitable for owner/occupiers , developers or investors, available part income producing or with part or full vacant possession.

Accommodation -

The approximate Gross Internal Areas are:-

Ground Floor Factory 15,624 sq. ft. (1,451.00 sq.m)
Reception/offices 983 sq. ft. (91.32 sq.m)

Rear First Floor
Offices/store 3,565 sq. ft. (331.00 sq.m)

Detached Rear Warehouse (Unit D) 3,448 sq. ft. (320.00 sq.m)

TOTAL 23,622 sq. ft. (2,194.58 sq.m)

There is a mezzanine storage area of 3,448 sq. ft. (320 sq.m) in Unit D.

Parking is available to the front, side and rear. Alternatively, the two areas to the side could be used as enclosed yards. The site extends to approximately 0.85 of an acre.

Terms -

LONG LEASEHOLD INTEREST - A 125 year ground lease was entered into from March 2002 with five yearly upward only geared reviews. The gearing is 8.15% of the rack rental value of the premises. The current ground rent is £14,000 per annum with the next rent review due on 1st March 2022.

TENANCIES - The property has been sub-divided and currently leased on flexible terms, as set out below. Further information relating to the tenancies is available upon request.

Unit A will be rented out at £3,250.00 per month, exclusive of business rates and utilities which the tenants pay.

Unit B&C is rented out at £7,500 per month, exclusive of business rates and utilities which the tenants pay.

Unit D is rented out at £2,650 per month, exclusive of business rates and utilities which the tenants pay.

PRICE - £2,750,000 with either full vacant possession or with the existing tenants in situ in part.

VAT will not be applicable.

Energy Performance Rating -

The EPC rating for this property is D - 95.