A pair of industrial/warehouses side by side that interlink. The left hand side, which is the larger of the two units, measures approximately 12 m x 34 m and has a eaves height of 3.12 m and a ridge height of 4.47 m, there is a roller shutter door measuring 3.7 m x 3.44 m. To the right hand is another unit with its own roller shutter door which measures approximately 6 m (albeit the building tapers from 5.19 m to 7.71 m) x 34 m in depth. This unit has a roller shutter door measuring 3.13 m x 3.68 m in height. The left hand building is constructed of steel portal frame with composite sheeting. The right hand building is a mono pitched roof with profile roof sheeting. There is a concrete floor throughout the building and the stanchions between the two buildings are open however they would allow the building to be split into two separate units if needed. There is a generous common yard area ideal for turning HGV vehicles and vehicles can be backed to the unit for unloading purposes.
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 6,844 sq ft (635.83 sq m).
Terms
Price: £38,000 per annum.
Tenure: New lease available.
Service Charge: £3,079.80 pa (2023)
Rateable Value: £27,500; source: www.voa.gov.uk.
Rates Payable: The rates payable are calculated as a multiplier of the rateable value. If the rateable value is £12,000 or less, small businesses may be entitled to 100% rates relief providing the property is their only business premises. Any interested applicants should contact the local authority 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 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 £2000 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 = D.
A full copy of this report is available from the agent’s office upon reques
Specification
- 6,844 sq ft (635.82 m2)
- Secure gated site with 24 hr access
- 4 miles from M42 junction 2
- Pair of units situated side by side
- Units could be split into two
- £38,000 pa + VAT