Parcel of land measuring approximately 480 sq m occupied by a double fronted industrial unit of approximately 2,550 sq ft (237 sq m) currently let to Fierce and Noble Brewery at £30,000pa. The lease is due for renewal in November 2021 but the site also offers potential for redevelopment subject to obtaining the necessary consents. The site is situated in a predominantly residential location in St Werburghs, close to the M32 and within easy reach of the City Centre.
A commercial investment let at £30,000pa also offering residential redevelopment potential subject to obtaining the necessary consents. The unit provides approximately 2,550 sq ft with an additional enclosed yard to the side.
Situated close to the junction of Mina Road and New Gatton Road, just off the M32.
LEASE DETAILS -
The unit and yard is let to an individual trading as Fierce and Noble on a 5 year full repairing and insuring basis from November 2016 at a rent of £30,000pa. We understand the lease is excluded from The Landlord & Tenant Act 1954 and therefore vacant possession would be available in November 2021 if required.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE -
Rating: C (expires January 2031).
Strictly by appointment with Maggs and Allen only
All figures quoted are exclusive of vat unless otherwise stated.
CONTROL OF ASBESTOS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
DEVELOPMENT POTENTIAL -
Whilst the property provides for an ideal investment opportunity, the site also offers potential for redevelopment and we would suggest a scheme of perhaps 5 houses (or a larger flat scheme) could be in keeping with the location, although clearly this will be subject to obtaining all necessary consents.
BUSINESS RATES -
The rateable value with effect from November 2017 is £13,000.
Maggs & Allen use all reasonable endeavours to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.