A detached modern distribution and building each set within a secure fenced and gated site.
Location
The property is located within Express Park an established business park located on the northern side of Bridgwater with other occupiers including. Access into the scheme is via the A38 Bristol Road which connects with Junction 23 of the M5 approximately 2.5 miles to the north. J24 of the M5 is approximately 7 miles to the south. Bridgwater town centre is 2 miles to south with the Hinkley Point Power Station site within 12 miles
Accommodation
UNIT 2 – 55,057 sq ft
Terms
LEASE The property is held on a full repairing and insuring lease for term of 15 years from 22/6/2011 incorporating 5 yearly upward only rent reviews and expiring on 21/6/2026. The building is offered by way of assignment or the grant of new full repairing & insuring sublease for a term expiring on 21/6/2026 and drafted outside the Security of Tenure provisions of the 1954 Landlord and Tenant Act. Subject to the Financial Covenant of the prospective tenant, the Landlords are prepared to consider the grant of a new Full Repairing and Insuring Lease at a new rental for a term of years to be negotiated to incorporate 5 yearly upward only rent reviews. Further details are available upon request.
RENT Unit 2 - £355,400 pa exc. Rent exclusive of rates, VAT, insurance and service charge
PLANNING The building has most recently been used for B8 Storage and Distribution uses under the Town & Country Planning (Use Classes) Order 1987 although we understand B2 (General Industrial) or uses formerly described by the category B1c may be permitted subject to Planning Permission being obtained. Interested parties are recommended to make enquiries with Somerset Council. www.somerset.gov.uk
SERVICES We are advised that main services are connected to the premises and 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.
LEGAL COSTS Each party is to be responsible for their own legal costs incurred in the transaction.
EPC Unit 2 - C (60).
ASBESTOS REGULATIONS It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it, to comply with the regulations. The detection of asbestos and asbestos related compounds is beyond the scope of Alder King and accordingly we recommend you obtain advice from a specialist source.
VAT Under the Finance Acts 1989 and 1997, VAT will be levied. We recommend that the prospective tenants establish the implications before entering into any agreement.
MONEY LAUNDERING REGULATIONS As part of our obligations under the UK Money Laundering Regulations, Alder King LLP requires any tenant to provide information and documentation to satisfy our legal obligations.
Specification
• Steel portal frame construction beneath a curved roof
• 10m to underside of the haunch
• 5 surface level loading doors
• 2 dock doors
• 2 level doors in the rear elevation
• B8 Use