An Industrial/Warehouse Unit situated to the front of the Estate off the main entrance drive. The unit has had the roof and upper walls re-clad in 2018 as well as some new internal lights fitted and some internal refurbishment works undertaken including new offices built with toilets and canteen area. The unit has the benefit of a biomass powered heating system which is thermostatically controlled and charged on a KWA basis to the tenant by the landlord. There is an unloading canopy to the side elevation with a further roller shutter access to the front elevation which leads into the main warehouse. The main warehouse area is a concrete floor with a raised area which has been converted into offices, toilets and canteen area since the original photographs were taken in 2018.
Location
The property is located just 4 miles from the M42 at junction 2. Directions to the site are as follows:- as you leave Redditch on the Birmingham Road the A441, take a right hand turning on to the B4101 Dagnell End Road. Drive along this road until you come to a left hand turning which will be signposted Lower Park Fishery, turn left through the gates and head on up the drive past the fishery on the left hand side all the way to main industrial park. Parking is available outside each unit and allocated on a lease by lease basis.
Accommodation
Gross Internal Area (GIA) is 7,496 sq ft (696.40 sq m).
Terms
Price: £XXX per annum.
Tenure: New lease available.
Service Charge: Based on £XXXp per sq ft per annum payable; £XXX per annum.
Rateable Value: £XXX - Source: www.voa.gov.uk.
Rates Payable: The rates payable are calculated as a multiplier of the rateable value. Any interested applicants should contant the local authority Redditch & Bromsgrove Council and verify the multiplier and check if any rates relief is available for their business.
Insurance: Standard commercial terms are that the landlord insures the building and the tenant pays the landlord the cost of the buildings insurance annually. The current annual cost at the time of print is approximately £XXX pa. The tenant will be responsible for insuring their own stock, content and liabilities.
Legal Costs & Holding Deposit - Each party pays their own legal costs. The landlord may request a holding deposit of £XXX once terms are agreed this will be deducted off the first payment of rent.
Deposit: The landlord may ask the tenant to provide a deposit, this is typically the equivalent of three months worth of rent but could change and is subject of the tenant’s financial status.
VAT: Value Added Tax at the prevailing rate is applicable on all costs shown in these particulars apart from business rates.
EPC: The Energy Performance Rating of the property is = C. A full copy of this report is available from the agent’s office upon request.
Specification
- A 7,496 sq ft (696.40 m2)
- Re-Clad Roof & Walls 2018
- Internal Offices
- Unloading Canopy
- £XXX per annum + VAT