Mercury Business Park offers a unique opportunity for business occupiers and investors within the industrial, logistics and manufacturing sectors.
Mercury Business Park extends to 1.93 hectares (4.79 acres) and is set within a pleasant environment close to Junction 28 and 29 of the M5 motorway. The property is accessed from the B3181, which links Cullompton and Exeter.
The unit has been finished to a premium specification with a high quality design.
Offered to let for £12,000 per annum
Location
Mercury Business Park extends to 1.93 hectares (4.79 acres) and is set within a pleasant environment close to Junction 28 and 29 of the M5 motorway, giving excellent access to Taunton and Bristol to the North and Exeter into Cornwall to the West.. The property is accessed from the B3181, which links Cullompton and Exeter
Accommodation
Workshop 932 sq ft ( 6.6 sq m)
TOTAL 932 sq ft (86.6 sq m )
Terms
Services We are advised that all main services including three phase, are connected to the premises. 45kVA is provided to each unit. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items
Business Rates The unit will be assessed once occupied and a rateable value applied. However we understand that qualifying businesses are likely to benefit from a rate reduction of up to 100% under the Small Business Rate Relief scheme. Interested parties should make their own enquiries to Mid Devon District Council Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk.
Energy Performance Certificate An EPC will be available on completion. Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Lease Terms The property is available on a full repairing lease with terms to be negotiated. The lease will be contracted outside of the Landlord & Tenant Act 1954. Planning | Rates | EPC | Terms Rent The property is offered to let for £12,000 per annum exclusive of VAT. A service charge will be payable to cover the costs of the shared landscaping and shared services.
Legal Costs A contribution of £395 plus VAT is required towards the landlord’s legal and administration costs in setting up the new lease.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement. If the lease is to be taken by a Limited Company, at least one director will be required to act as a guarantor to the lease for the duration of the term. A 3 months rent deposit may also be required.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- 45 kVA per unit 6.88 m
- Onsite parking