A refurbished Industrial/Warehouse Unit with a concrete yard area to the front of the building featuring six allocated spaces and a further area of land to the side of the building which would park 10-12 cars on an angle. The building has been over clad with new modern profile sheeting incorporating 100 mm of mineral insulation product. The building has had a new insulated roller shutter door fitted (opening of 4.8 m by 4.8 m) as well as new external flashings, gutters and clear double skin roof lights. Internally the accommodation is laid out as follows: Front from double pedestrian doors is the foyer and hallway leading to three useful production/storage rooms that sit underneath the first floor offices. There is a large open plan warehouse/production area with a further area underneath the mezzanine floor to the rear of the unit. Off this area is the kitchen, electric cupboard and toilets. The mezzanine floor area is open plan with timber chipboard floor and solid hand rail to the front elevation. From the foyer there is a staircase to the first floor offices which feature four separate office rooms, a kitchen, two toilets and two useful storage areas. The unit has been redecorated internally, had the lighting upgraded with LED bulbs in the warehouse and a new kitchen on the ground floor. The unit has a fire alarm, burglar alarm and a large three phase electric supply.
Location
Located to the East of Redditch Town Centre on the Lakeside Industrial area. The property is accessed off Holloway Drive at the Western end of Shawbank Rd on the righthand side just past Portway Scaffolding Services.
Accommodation
Ground Floor - 614.44 sq m or 6,611 sq ft
FF Offices - 128.93 sq m or 1,387 sq ft
FF Mezzanine - 160.74 sq m or 1,722 sq ft
Total - 904.11 sq m or 9,728 sq ft
Terms
Price: £65,000 per annum.
Tenure: New lease available.
Service Charge: To be confirmed.
Rateable Value: £20,500 source: www.voa.gov.uk.
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 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 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 £2,000 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
- 9,728 sq ft (904.11 m2) Refurbished Unit
- Over Clad with Modern Sheeting
- New Roller Shutter Door
- Fully Redecorated Internally
- Useful Front and SideYard
- £65,000 pa + VAT