The subject property comprises two self-contained industrial units located on a secure site.
Unit 1 comprises a single storey industrial unit of predominantly blockwork/cavity brickwork construction surmounted by a mixture of pitched and flat roofing systems. The unit has a working height of approximately 2.6m. Loading access is by way of double doors on to a tarcamadam yard area to the front elevation. The unit benefits from an office, kitchen, stores and WC facilities. There are solid concrete floors and a gas blower heater.
Unit 2 comprises a single storey industrial unit of cavity brickwork construction surmounted by a pitched roof. The unit benefits from an eaves height of 3.1m and a mezzanine. Loading access is by way of an electric roller shutter door. There is a large yard area to the front elevation, with a mixture of tarmacadam and hardstanding surfacing, and a container.
The site is secure and benefits from palisade fencing and gates to the front elevation.
Location
The subject property is located fronting on to Arthur Street on the fringe of Barwell village centre. The surrounding area comprises a mixture of commercial and residential uses. Adjacent occupiers include Vogue Beds, Limelight Beds and a variety of other local industrial occupiers. Arthur Street benefits from convenient access to the A447 and A47 thereafter via Kirkby Road and Barwell village centre.
Barwell is a village (population 9,000) lying approximately 2¾ miles from Hinckley. The A47 provides access to Leicester approximately 10 miles to the north east. There is a limited entry junction of the M69 at Sapcote providing access to Junction 21 of the M1 at Leicester. Barwell benefits from a wide range of amenities including a Primary School, Doctors Surgery, Co-op Foodstore, Post Office, Dentist, Building Society, Hairdressers, an Indoor Bowling Club and various cafés/takeaways. The village benefits from excellent access to local bus routes, with regular services to Hinckley, Nuneaton, Leicester and Coventry.
Accommodation
The accommodation offered by the units is approximately as follows, on a Gross Internal Area (GIA) basis:
Unit 1 GIA - 1,420 sq ft (131.9 sq m)
Unit 2
Ground Floor - 1,233 sq ft(114.6 sq m)
Mezzanine (Estimated) - 264 sq ft(24.5 sq m)
Unit 2 GIA - 1,497 sq ft (139.1 sq m)
Terms
Lease Terms:
Unit 1
Leased to Private Individual t/a Barwell UK Airbrush Supplies for a term from 1 October 2019 to 28 February 2022 at a passing rent of £6,240 per annum exclusive, on full repairing and insuring (FRI) terms.
Unit 2
Leased to Private Individual t/a Jade Developments for a term from 1 March 2019 to 28 February 2022 at a passing rent of £6,240 per annum exclusive, on full repairing and insuring (FRI) terms.
Tenure:
The Freehold interest in the property is offered subject to the leases in effect.
Purchase Price:
Guide price - £200,000, reflecting a Net Initial Yield of 6.1% and a reversionary yield of approximately 8.0% (based on an ERV of £16,000 per annum).
Legal Costs:
Each party to bear their own legal costs.
Specification
Services - We understand mains electricity, water and drainage are connected to the subject property.
EPC - Unit 1: to be supplied. Unit 2: to be supplied