Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 3,768 to 8,577 sq ft |
| Price | Offers in the region of £740,000 |
| Rates Payable | Please enquire from Rutland County Council for rates payable |
- 3 Separate Industrial Units and an enclosed yard
- All let to the same tenant on aligned 10 year leases running from May 2020
- Current Rent £43,000 with a rent review in May 2025
- Fully functioning as a food preparation centre
- Potential ERV on review of circa £60,000 at £7.00 per Sq Ft rent
About
The property comprises of 3 originally separate factory units, within a secure yard. The accommodation is to a high specification, being used in the food processing industry.
Accommodation
| Name | sq ft | sq m | Availability |
| Unit - 8 | 4,809 | 446.77 | Available |
| Unit - 14 & 14a | 3,768 | 350.06 | Available |
| Total | 8,577 | 796.83 |
Location
Oakham is the county town of Rutland with a growing population of approximately 13,000 (up from 12,150 in the 2021 Census). It is within convenient travelling distance of Leicester, Grantham, Nottingham and Peterborough and situated approximately 9 miles due west of the A1 trunk road.
Mainline Stations
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Oakham9 mins
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Melton Mowbray164 mins
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Stamford (Lincs)211 mins
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Corby257 mins
Underground Station
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Chesham1303 mins
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Amersham1345 mins
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Chalfont and Latimer1357 mins
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Broxbourne1377 mins
Downloads
Download Particulars
Further Information
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Viewings
Strictly by appointment through Reid Commercial Property or P&F Commercial on 01664 431330 or by email office@pandfcommercial.com
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Planning
We are advised that the current planning use for the properties is B1 industrial (now Class E)
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Tenure
The overall property is let on 2 separate leases (No.8 and No’s 14 & 14A), identical and running contemporaneously. Both leases are from 12/5/2020, expiring on the 12/5/2030. There is a tenant break at 12/5/26, with rent review on the 12/5/2025. Both leases are held on an FRI basis, subject to a Schedule of Condition.
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EPC
Energy Performance Certificates will be available for inspection. However the respective ratings are No.8 115 (Band E) No’s 14/14A 143 (Band F)
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Rents
No.8 £21,500 + VAT per annum exclusive.
No’s 14 & 14A £21,500 + VAT per annum exclusive. -
Services
We understand that mains electricity, water and drainage are connected to the premises. No services or appliances have been tested by the Agents
Gallery
