An industrial/warehouse unit constructed of a steel portal frame with profile sheet cladding, twin skin roof with roof lights, roller shutter door at either end, an office unit to the front of the warehouse which has a mezzanine floor above measuring 542 sq ft (50.45 m2). The unit itself is mostly open plan with eaves height of 5.6m and a maximum ridge height of 6.3m. The unit has a painted floor, an oil fired blow heater (not tested), the use of 5 parking spaces (more available by separate negotiation), it's own toilet and pedestrian access doors at the front and rear. The warehouse measures 6.15m wide by 17.73m deep, within this is a studwork office of 3.78m x 5.83m, on top of the office is a mezzanine area which measures 8.19m x 6.16m. There is an estate service charge payable of £244 per annum, a water charge contribution of £357 per annum and a buildings insurance contribution of £379 per annum.
Location
Located off the main Stratford Road (A422) just outside the village of Horley approximately 7 miles from Banbury and Junction 11 of the M40.
Accommodation
Gross Internal Area (GIA) is 1716 sq ft (159.42 sq m).
Terms
Price: £13,728 per annum.
Tenure: New lease available.
Service Charge: £244.00 per annum payable.
Rateable Value: £5,600 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 business 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 current annual cost at the time of print is £379 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 £1000 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 to be confirmed. full copy of this report is available from the agent’s office upon request.
Specification
- 1,716 sq ft (159.48 m2)
- Lofty Warehouse Unit
- 2 Roller Shutter Doors
- Mezzanine Floor Area
- Internal Offices
- £13,728 pa + VAT