Price £380,000

Rates Payable from 01/04/23

Description

The property is an end of terrace light industrial unit, of corrugated pressed steel clad and blockwork elevations with the steel sheeting continuing across the roof, and is arranged as an office and workshop with ancillary facilities and 9 allocated car parking spaces. The ground floor comprises office space, a workshop, kitchenette, WCs and various ancillary cupboards. On the first floor there is a large mezzanine, further office space, storage and WCs. The unit is accessed via a 4m wide up and over door for vehicular access with a minimum head height of approximately 2m.

To the front of the property is a tarmacadam-surfaced car park. The property is accessed via a shared gated access from the public highway (Crosshouse Road).

Viewings

Via sole agents Vail Williams

Anti Money Laundering

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

Tenancy

Lease – 6 year FRI lease from 30th August 2023 granted outside L&T act 1954.

Break Option – Tenant only break option upon 3rd anniversary of term.

Rent Review – The rent is to be reviewed upon the 3rd anniversary of the term to the higher of market rent or CPI linked annually with a collar of 1% and a cap of 3%.

Tenant – Tecnoseal UK Ltd

Rent - £30,000 pax

VAT

We have been informed by our client that the premises are currently elected for VAT. It is anticipated that the sale will be dealt with by way of a transfer of a going concern.

Tenure

Long leasehold - 125 years from 11 November 1988, expiring 10 November 2113 (approx 92 years unexpired), at a peppercorn rent.