The premises comprise a substantial detached industrial property being predominantly portal frame construction with mixed brick, block and clad walls beneath mixed profiled sheet roof incorporating translucent roof lights. The property is built in bays in an 'L' configuration with 2 storey offices to the front together with further single storey works offices.
The building was originally in multi occupancy arranged in bays thus lending itself to be easily subdivided back into bays thus providing a range of options. The current Vendors have subdivided the building including utilities.
The salient points are as follows:
Unit 21
Let to Bell, Sons & Co. (Druggists) Limited by way of a 15 year lease from the 1st February 2024 on a full repairing and insuring basis, at a passing rent of £121,228 per annum (£5.25 per sq ft).
There are 5 yearly tenant breaks and rent reviews to RPI (All items).
Unit 22I
Let to ITP Packaging Ltd by way of a 5-year lease from 1st December 2024 on a full repairing and insuring basis, at a passing rent of £40,000 per annum (£4.65 per sq ft). There isa tenant break option at year 3 and a rent review at year 2 to open market rental value.
Units 23-24
Let to ITP Packaging Ltd by way of a 5-year lease from 1st September 2025 on a full repairing and insuring basis, at a passing rent of £83,000 per annum (£4.67 per sq ft). There is a tenant break option on 31st August 2028 and a rent review on 1st September 2028 to u
