Commercial property for sale

Lower Road Trading Estate, Ledbury

Guide Price £2,250,000

Property Description

Key features

  • Commercial Property house

Full description

Tenure: Freehold

A VALUABLE INDUSTRIAL INVESTMENT COMPRISING THREE DETACHED MODERN INDUSTRIAL BUILDINGS OFFERED FOR SALE SUBJECT TO ONGOING TENANCIES, VACANT SITE WITH CONSENT FOR FURTHER DEVELOPMENT.

TOTAL SITE AREA APPROX. 2.7 ACRES

TOTAL INCOME 42,000 PER ANNUM EXCLUSIVE.
AVAILABLE AS A WHOLE OR INDIVIDUAL UNITS.
Guide Price : 2,250,000 (plus VAT)
Contact Ledbury Office

Location & Description:
A valuable industrial investment opportunity situated on the outskirts of the town of Ledbury with easy access to the bypass.

The site comprises 3 individual units constructed within the last 5 years, each of which are subject to ongoing tenancies. In addition there is a vacant site on which planning consent has previously been granted for a unit of approximately 8,000 sq ft. Alternatively it is considered likely that consent would be forthcoming for two individual units.

Ledbury is a busy and expanding country town with good communications by road and rail. The three cities of Hereford, Worcester and Gloucester are each approximately 16 miles and the M50/M5 motorway network is available 4 miles to the south of the town. The town has the benefit of a railway station with mainline connections to Birmingham and London.

UNIT 1, LYNDEN BUSINESS PARK:
A well appointed factory unit offering in total approximately 14,000 sq ft comprising 11,000 sq ft of factory space and 3,000 sq ft of high specification offices laid out on two floors.

The premises were constructed in 2006 and incorporate generous parking and loading areas with twin roller shutter doors to the main factory.

Lease
The premises are currently vacant and are being offered to let on the open market.

UNIT 4, LYNDEN BUSINESS PARK:
A detached unit constructed in 2002 extending in total to approximately 4,500 sq ft. Parking and loading area.

Lease
The premises are let to LDA Meats Ltd for a term of 20 years commencing July 2002. FRI terms. Rent reviews every 5 years. Rent 24,500 per annum exclusive (plus VAT).

UNIT 5, LYNDEN BUSINESS PARK:
Detached factory premises constructed in 2003 extending in total to approximately 6,500 sq ft. Parking and loading area.

Lease
The premises are let to Riverford Organic Farms Ltd on a 12 month term from 1st April 2012, under an FRI lease at a passing rent 17,500 per annum exclusive (plus VAT).

DEVELOPMENT SITE:
The sale includes a vacant area of land which has previously had the benefit of outline planning consent for the construction of premises extending to approximately 7,500 sq ft either as a single unit or as two units.

SERVICES
Mains services are understood to be available. This information has not been checked with the respective service providers and all interested parties may wish to make their own enquiries with the relevant authorities. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending purchasers are advised to satisfy themselves where necessary.

TENURE
The property is freehold and offered for sale subject to the ongoing tenancies as described.

VIEWING
Strictly by appointment only to be made through the Agent's Ledbury Office (Tel. 01531 634648)

OUTGOINGS
Unit 1 - Rateable value 58,000
Unit 4 - Rateable value 21,750
Unit 5 - Rateable value 24,250

VAT
The sale price will be subject to VAT at the current rate.

PRICE
2,250,000 (plus VAT)


Nearest stations

  • Ledbury (0.7 mi)
  • Colwall (4.5 mi)
Distances are straight line measurements

To view this property or request more details, contact:

John Goodwin FRICS, Ledbury

3 - 5, New Street, Ledbury, HR8 2DX

01531 595005 Local call rate

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Disclaimer

Property reference 200022912. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Goodwin FRICS, Ledbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.