Astwood Business Park is a mix of refurbished Industrial/Storage units set within a rural location just 5 miles from Redditch. Redditch has good motorway access to the M42 and also the M5 via nearby Bromsgrove. The site is monitored by an advanced CCTV system 24 hours a day giving peace of mind to the occupiers and visitors. The buildings have been completely refurbished to modern standards in 2009. Each unit has roof lights, 3 phase electric supply, gas supply (available at tenants cost), power floated concrete floors, roller shutter doors and separate access doors. The units also have kitchen and toilet facilities and offices can be built to individuals requirements. There are parking facilities outside the units and there is also the opportunity to lease outside storage and secure compounds. N.B The photos were taken at the start of the tenants tenancy and the unit is to be returned to this condition.
Location
Situated on Astwood Lane just out of the village of Astwood Bank and only 5 miles from Redditch. Redditch has access to the M42 at junction 2 and nearby Bromsgrove has access to the M5 Motorway.
Accommodation
Floor Area - Gross Internal Area (GIA) is 4625 sq ft (429.68 sq m).
Terms
Price - £23,125 per annum.
Tenure - Full repairing & insuring lease available.
Service Charge - £0.30 per sq ft per annum payable.
Rateable Value - £14,750 source: www.voa.gov.uk.
Rates Payable - The rates payable are calculated as a multiplier of the rateable value. 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 this. The tenant will be responsible for insuring their own stock, content and liabilities insurance.
Legal Costs - Each party pays their own legal costs. The landlord may request a holding deposit of £1000 once terms are agreed. The landlord required a quarters worth of rent as a deposit held on account, the rent is paid quarterly in advance and the landlord asks for a £500 contribution towards his legal fees.
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
- 4,625 sq ft (429.68 m2)
- Semi-Rural Location
- Front and rear access
- CCTV on site system
- Rent £23,125 pa + VAT