A large industrial warehouse unit converted from a former agricultural building constructed of steel portal frame featuring 2 x roller shutter doors (1 to the front, 1 to the rear elevation). The unit itself is open plan with eaves height of 5 metres and ridge height of 8.5 metres. To the right hand side of the warehouse there is an area that has been converted into offices, consisting of 3 x glass screened offices, a further store room, 3 toilets, a kitchen area and show room area (which could be converted back to further offices or storage). The unit also has an oil fired heater in the warehouse as well as painted floor. The buildings internal dimensions are approximately 37.2 metres deep by 30.09 metres wide. Within this space the offices take up an area of 8.99 metres wide by 31.73 deep. An estate service charge is levered at £XXX per annum, with a water charge of £XXX per annum, plus buildings insurance charge of £XXX per annum. A further yard is available by separate negotiation.
Location
Located off the main Stratford Road (A422) just outside the village of Horley approximately 7 miles from Banbury and junction 11 of the M42.
Accommodation
Gross Internal Area (GIA) is 9,360 sq ft (869.88 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 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 current annual cost at the time of print is £XXX 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
- 9,360 sq ft (869.88 sq m)
- Warehouse Unit With Offices
- 3 x Toilets and Kitchenette Area
- Yard To Lease By Separate Negotiation
- Rent £XXX pa + VAT