Modern unit offering flexible accommodation, with ground floor office, WCs and kitchen facilities with a workshop / warehouse with electrically operated loading door, LED lighting throughout, power floated concrete floor, power distribution points to the perimeter, fork lift truck charging point and 3 phase power supply.
Available on a new fully repairing and insuring lease or for sale on a freehold basis.
Location
Oak Tree Business Park is located 1 mile south of Junction 22 of the M5 motorway, providing excellent access to the national road network. The scheme is strategically located near major development scheme including the Gravity Smart Campus with the construction of a world class battery factory for Agragas well underway and Hinkley Point C, one of the largest infrastructure projects in the UK, both driving significant economic growth and supply chain opportunities.
Accommodation
Gross Internal Area 2,528 sqft
Including office of 416 sqft
TOTAL 2,528 sqft
Terms
Services We are advised that main electric (3 phase), water and drainage services are connected to the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.
Planning We are verbally advised that the accommodation has planning consent for B1, B2 and B8 uses but any occupier should make their own enquiries to the Planning Department of Somerset Council.
Business Rates The unit has a rateable value of £14,750. Interested parties should make their own enquiries to Somerset Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk .
Lease/Tenure/Terms The property is available on a new full repairing lease with terms to be negotiated. Alternative, the property is available on a freehold basis.
Rent/Purchase Price The property is offered to let for £29,000 per annum exclusive of VAT. The property has an asking price of £465,000 plus VAT. Legal Costs Each party is to be responsible for their own legal costs.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020 .
References/Rental Deposits (for leasehold only) Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT sill be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy AML requirements when Heads of Terms are agreed
Specification
- Surface level Doors =1
- On-site parking
- Kitchen
- WC facilities