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Industrial Investment, Unit F4 Mercia Way, Foxhills Industrial Estate, Scunthorpe, DN15 8RE

121 Sq Mt / Industrial / Investment

For Sale - £49,500.00

Available - Last updated: 09 July 2020

An end terrace industrial unit.

( Agency Pilot Software Ref: 121 )

Location

The property is located on the established Foxhills Industrial Estate.

Accommodation

To the ground floor is a workshop with partitioned office and WC totaling 108 sq m (1,158 sq ft)

To the first floor is a store (not inspected) estimated to be in the region of 13 sq m (140 sq ft)

Terms

Business Rates
The rateable value in the 2017 list is £3,850. This information was obtained from an inspection of the VOA website in July 2018. 100% small business rates relief may be available on this property, for further details see https://www.gov.uk/apply-for-businessrate-relief/small-business-rate-relief

Energy Performance Certificate (EPC)
The property has an energy performance asset rating of 108 putting it in band E. A copy of the certificate and recommendations report is available on request.

Tenure
The property is held on a 99 year lease, less 10 days from April 1986. The ground rent is currently £476.38 due for review in 2019. The annual service charge due in July 2018 was £201.03. The buildings insurance charged in April 2017 was £165.01.

Lease
The current lease was for a term of 10 years ending on 1st February 2018 at a rent of £3,000. The tenant is holding over.

Specification

  • Investment
  • Tenant holding over
  • Modern industrial unit
  • Total 121 sq m (1,302 sq ft)
  • Long Leasehold
  • Established Industrial Location

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £49,500.00 NA

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Contact agents

Neal Craven

Craven Wildsmith

01302 460411



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