Distribution Warehouse for sale

LOCATION
The property is located adjacent to the A52 Carriageway between Boston and Skegness. Leaving Skegness on the A52 (Croft Bank) heading south towards Boston the property is on the west side of the A52 at the turn off to Wainfleet All Saints and in front of the golf course.

DESCRIPTION
The site was formerly used as a vegetable packing and distribution depot and is laid out for this type of use. However, alternative uses may be suitable subject to planning.

For ease of description, the building can be split into three main elements, the core factory (production and storage), staff facilities and ancillary buildings, in all extending to approximately 64,000 sq ft on a site of 4.6 acres. The core factory comprises a range of steel framed buildings of varying construction. There are some recent additions and extensions to the south and west of the site. Parts of the core factory have been fitted with box white wall facilities comprising packing, processing, low care and chill store facilities. There is also some ambient storage.

There is a modern office block with both cellular and open plan office layout, meeting rooms, kitchen and WC facilities.

Further buildings on the site include a modern steel portal frame workshop with higher than average eaves, concrete floor and roller shutter door. There is also a brick and tile workshop, formerly a farmhouse but converted internally.

ACCOMMODATION
Please refer to the particulars for a complete description.

SERVICES
The site has a capacity of 1000 KVA and has 3 phase connections. There is a central heating system for the office building which is oil fired. Foul water and drainage is via a septic tank. There are fire and smoke detectors in parts of the property and a burglar alarm in the main office.

We have not carried out tests on any of the services or appliances and interested parties should arrange their own tests to ensure that these are in working order.

TERMS
The property is offered as a whole or in parts to let by way of a new lease agreement. The landlord is in a position to discuss flexible lease terms and rental figures are available on application. We are aware of the competitive nature of businesses within this sector and we will treat all enquiries confidentially in respect of applicants.

The freehold of the property may also be available to purchase, again please contact the agents for further details.

OUTGOINGS
The Valuation Office Agency website states that the unit has a rateable value of £88,000 and it is understood that the rate in the year 2010/2011 is 41.7p.

VAT
We are informed that VAT is payable on the rent.

With regards to a purchase we are informed that VAT is not payable at the date of these particulars however the Vendor reserves the right to charge VAT if at any time this becomes applicable.

LEGAL COSTS
Tenants will be expected to pay the landlord’s reasonable legal costs incurred with a new lease. Each party will be responsible for their own legal costs on a sale.

OTHER
SECURITY & HEALTH AND SAFETY
The site benefits from a CCTV linked security system. The CCTV can be viewed by the offices.

BOUNDARIES
The boundaries of the site are marked out on the plan contained in the brochure although it should be noted that this plan is for identification purposes only. Interested parties will be deemed to have full knowledge of all boundaries which are available from the Land Registry and the Agents.

WAYLEAVES, EASEMENTS & RIGHTS OF WAY
The property is sold subject to and with the benefit of all existing rights, including rights of way, whether public or private, light, support, drainage, water and electricity supplies and all other rights and obligations, easements, quasi easements, and all wayleaves whether referred to or not in these particulars.

USEFUL ADDRESSES
East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincolnshire, LN11 8UP
Tel: 01507 601111

Vendors Solicitors Mr Robert Matthews of Keystone Law
Tel: 01223 360356

VIEWING
Contact the Spalding Commercial Department on 01775 717888 or
e-mail samuel.smith@brown-co.com or tim.humphrey@brown-co.com.

Brown & Co
Holland House
16 High Street
Spalding
Lincolnshire
PE11 1TW