Summary
The property comprises an end of terrace industrial / warehouse with two-storey offices at the front, providing open plan and cellular space created by way of demountable partitioning. The property is accessed via a roller shutter door serving the warehouse and a separate personnel door serving the offices.
Key Points
Min. 6.5m eaves heightManual roller shutter doorTwo storey offices to front of property7 allocated parking spacesLease Summary
The property is let to In Line Valve Company Limited on an effective full repairing and insuring lease for a term of 5-years expiring 31st March 2029, excluded from the Security of Tenure Provisions of the Landlord & Tenant Act 1954, at a rent of £30,000 per annum (only £7.78 psf).
Terms
The Freehold interest is offered for sale with the benefit of the existing lease and rental income at a price of £520,000.
Legal Costs / VAT
Each party to bear their own legal and professional costs.
The property has been elected for VAT.
The vendor intends treating this transaction as a Transfer of a Going Concern (TOGC).
Anti-Money Laundering Regulations
To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Viewing & Further Information
Please contact the sole agents for further information or an appointment to view.
Location
The premises are situated within the main Hambridge Lane Industrial Area which lies to the east of Newbury town centre, just off the A4 which connects to the A34 Newbury by-pass, and on to J13 of the M4. Newbury mainline railway stations are a short distance away.
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