A traditional Industrial Unit located on the Lake Side Trading Centre in Redditch. The property befits from a roller shutter access door, separate access door leading to ground floor office, internal offices/laboratory and test room (which could be removed). The balance of the unit at Ground floor is open plan workshop space with concrete pad floor, plenty of roof lights and electrical overhead lighting. The unit is currently knocked through to unit 9a giving a further 210 m2 or 2,260 sq ft of space if needed (by separate negotiation) The unit is available To Let on a Sub-Lease or a New Lease directly with the landlord may also be considered (subject to landlord's approval).
Location
Situated off Beoley Road East the property is within easy reach of the M42 junction two via the A441 Alvechurch Highway at Redditch. The property is also conveniently located within two miles of Redditch Town Centre and the main Industrial Estates at Moons Moat.
Accommodation
Gross Internal Area (GIA) is 4,936 sq ft (458.57 sq m).
Terms
Price:
£22,212 per annum.
Tenure:
Sub-lease available or potentially a new lease with the landlord directly (subject to landlords consent).
Service Charge:
The landlord charges electric via a sub-meter and water on a prorata basis.
Rateable Value:
£19,916 source: www.voa.gov.uk the assessment is now showing as deleted on the VOA website and should be verified with prior to signing a lease.
Rates Payable:
The rates payable are calculated as a multiplier of the rateable value. The current multiplier is XXX in the pound. Any interested applicants should contact the local authority and verify the multiplier and check if any rates relief is available for their business.
Insurance:
The buildings insurance paid annually by the landlord and recharged to the tenant. The tenant will need to arrange to insure their content and liability insurances.
Legal Costs:
Each party pays their own legal costs. The landlord may request a holding deposit of £1000 once terms are agreed.
VAT:
Value Added Tax at the prevailing rate is applicable on all costs shown in these particulars apart from business rates.
EPC:
An EPC has been instructed and will be available from the agent's office shortly.
Specification
- TO LET
- 4,936 sq ft (458.57 sq m)
- Traditional Industrial Unit
- Established Redditch Location
- Rent £22,212 pa + VAT