Price £465,000

Rates Payable from 1.4.23

Estate Charge n/a

EPC Rating This property has been graded as D (76)

Description

The premises comprise a mid terrace industrial/warehouse unit of brick outer, blockwork inner wall construction with steel cladding to the upper elevations. There is a steel portal frame supporting a mono pitched roof incorporating daylight panels.
The unit benefits from the following specification:
- Personnel entrance door
- Ground floor reception / office
- M&F WCs
- Kitchenette
- Windows at ground and first Floor in front elevation.
- First floor provides two partitioned offices and open plan office area with suspended ceilings, integral lighting and carpets
- 4.7m internal eaves
- 3 Phase and gas (not connected)
- Loading door (3m W x 4.5m H)

Externally the unit benefits from 4 car parking spaces directly in front of the unit.
The tenant has installed partitioning to create a dance hall at the rear of the unit.

Viewings

By appointment only via sole agents Vail Williams

Terms

£465,000 which reflects a NIY of 7% assuming purchasers costs of 4.54%, subject to contract.

Legal Fees

Each party to be responsible for their own legal costs incurred in the transaction.

AML

In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser and any beneficial owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.

Tenancy

The unit is let to Big Little Theatre School Limited (04760231) on a 10 year FRI lease from 9th March 2018, thus expiring on 8th March 2028. The current passing rent is £34,000 per annum exclsuive and lease is granted outside the landlord and tenant act 1954.
The landlord currently holds a rent deposit of £8,399.99.

VAT

We have been informed by our client that the property is not elected for VAT.