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Storage Yard / Compound, Yard 2, Upper Crossgate Road, Redditch, B98 7SR

8,272 Sq Ft / Industrial / Yard Area

To Let - £10,000.00 per annum

Under Offer - Last updated: 16 December 2020

An open storage yard with concrete under foot and access via a set of steel lockable gates from Crossgate Road. The yard has a water supply and single phase electric supply as well as a drain connection. The previous tenant had a porta cabin on the site which used these services.

The yard is available by way of a sub-lease until 6th September 2023 or the landlord may grant a new lease if a suitable replacement tenant is found on a new term (subject to landlord’s approval and the necessary credit checks). Please note the existing lease has a rent review date of 7th September 2018 and 5th September 2023.

Location

Located 7.00 miles from junction 2 of the M42 motorway the property is located off Upper Cross Gate Rd. From Old Forge Drive take the turning onto Howard Rd and then a left onto Crossgate Rd. Upper Crossgate Rd is located left off and the yard is located next to Unit 5 Upper Crossgate Rd. Located 7.00 miles from junction 2 of the M42 motorway the property is located off Upper Cross Gate Rd.

Accommodation

Gross Internal Area (GIA) is 8,272 sq ft (768.49 sq m).

Terms

Price:
£10,000 per annum.

Tenure:
The Yard is available by lease assignment or a new lease available (subject to the land owners agreeing new terms).

Rateable Value:
Awaiting valuation from VOA.

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 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 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:
An Energy Performance Certificate is not applicable.

Specification

  • 8,272 sq ft (768 sq m)
  • Concrete Storage Yard
  • Gated Access
  • Electric & Water Supply
  • £10,000 per annum + VAT

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £10,000.00 per annum

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Contact agents

Richard Johnson

Westbridge Commercial

01789 430045



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