Industrial for sale

The premises comprises a purpose built mid terraced unit being open plan with full height roller shutter door to front. A structural first floor to the front provides for staff room/canteen accommodation and a more recent mezzanine addition provides for storage space and an office. Cloakrooms are available at both ground and first floors.
Areas of accommodation:
Ground floor warehouse 526 3 sq m (5,665 sq ft)
First floor 55.5 sq m (598 sq ft)
Total 581.8 sq m (6,263 sq ft)
External front yard/car parking.
The premises are held under the terms of a 12 year fully repairing and insuring lease from 2023, expiring October 2035 to Unibloc Hygienic Technologies UK Limited. The lease is contracted within the security of tenure provisions of the Landlord & Tenant Act 1954. There are 4 yearly market rent reviews together with a tenant only break option at 6th anniversary of the term subject to 12 months prior written notice. The passing rent is £50,000pa representing a rate in the region of £8.00 per square foot overall. A copy of the lease can be made to seriously interested parties.
Offered for sale freehold subject to the current lease. Offers in excess of £650,000 representing a return exclusive of purchasers costs in the region of 7.14%. We are advised the premises isn’t elected for VAT.