Mid terrace industrial/workshop unit steel frame building with brickwork exterior. The unit has a secure electronic roller shutter door along with its own separate entrance door which is protected by a roller shutter system as well.
The unit has a stud partitioned office as well as kitchen area and WC. It is currently laid out internally as a wholesale showroom with suspended ceiling and laminate floor however, this could be removed taking the unit back to its original shape (see last photo which grey painted floor as an example). The unit has an alarm (not tested) and also 3 phase electric supply.
Location
Situated on lower part of Sugarbrook Rd which is access off Sherwood Road the main road through the Industrial Estate. Motorway access to both the M5 and M42 is easily accessible via the A38 main road which links the Industrial Estate in both directions.
Accommodation
Gross Internal Area (GIA) is 2,357 sq ft (218.97 sq m).
Terms
Price - £XXX per annum.
Tenure - New lease available.
Service Charge - £XXX per annum payable.
Rateable Value - £XXX source: www.voa.gov.uk.
Rates Payable - The rates payable are calculated as a multiplier of the rateable value. If the rateable value is £XXX or less small business maybe entitle to 100% rates relief providing the property is their only business premises. Any interested applicants should contant 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 current annual cost of the insurance is to be confirmed. 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 = D.
A full copy of this report is available from the agent’s office upon request.
Specification
- Industrial Unit
- Close to M5 & M42
- 2,357 sq ft (218 sq m)
- £XXX pa + VAT