A modern purpose built industrial unit constructed in the late 1980s of brick and profile steel elevations under a single pitch insulated roof.
( Agency Pilot Software Ref: 606 )
Location
Lane End is approximately 3 miles west of High Wycombe and a similar distance southeast from Junction 5 of the M40 motorway. This modern estate comprises 14 units with Veolia Water being the principal tenant
Accommodation
Industrial/Warehouse space, office, reception, Male & female WC’s, and kitchenette - 2,517 sq.ft. (233.87 sq.m)
First Floor offices - 564 sq.ft. (52.42 sq.m)
Sub Total - 3,081 sq.ft.
Mezzanine Storage - 1,551 sq.ft. (144.10 sq.m)
Overall Total - 4,632 sq.ft. (430.36 sq.m)
Terms
LEASE The property is currently let to Universal Air Tools Co Ltd (Company Registration No. 01122438) and they have agreed to enter into a new 5-year Full Repairing and Insuring Lease from 28.7.2019 expiring on 28.7.2024. The agreed rent is £30,000 per annum exclusive. The tenant has been trading since 1974 and are wholly owned by Florida Pneumatic Manufacturing Corporation.
TERMS Our clients seek £435,000 (four hundred and thirty-five thousand pounds) for their freehold interest, subject to contract, reflecting 6.58% after purchasing costs of 4.75%. VAT We understand from our clients that VAT is not applicable to this matter.
LEGAL COSTS Each party to pay their own costs.
BUSINESS RATES The Valuation Office website indicates a 2017 Rateable Value of £24,500. Rate in £ for 2018/19 is 48.0 pence.
ENERGY PERFORMANCE RATING: To be confirmed.