Light Industrial to rent

LEASE ASSIGNMENT - INCENTIVES AVAILABLE Industrial unit with large secure yard and offices located in Shipston-on-Stour. 1.26 acre total site area, with 5,788 sq ft (537.7 sq m) unit over two floors.

Location

Shipston-on-Stour is situated in south Warwickshire, midway between Stratford-upon-Avon and Chipping Norton at the junction of the B4035 and A429. Darlingscote Road lies at the heart of the towns main industrial estate and benefits from excellent access to the Fosse Way (A429).

Description

The property comprises a vehicle and building materials storage depot with a traditional portal frame building constructed in the 1970s with offices at ground and first floors together with storage and a full height maintenance bay and two roller shutter doors.

Floor Areas

Warehouse = 2643 sq ft / 245.6 sq m
Storage Area = 1100 sq ft / 102.2 sq m
Offices/ Mezzanine = 2045 sq ft / 189.9 sq m

Total = 5788 sq ft / 537.7 sq m

Open Sided Loading Bay = 897 sq ft / 83.4 sq m

Site Area = 1.26 acres / 0.51 hectares

Lease

The premises are held on a lease for 15 years on a full repairing and insuring basis (subject to a Schedule of Condition) from 6th May 2004. Rent reviews at the 5th and 10th years are to the higher of market rent or the previous rent increased by 2.5% per annum compounded over 5 years. The current rent is £49,781.96 per annum exclusive and is subject to VAT in addition. Incentives for the assignment are available.

Rateable Value

We are advised that the business rates are as follows:

Rateable Value (2010 valuation) £27,750
Uniform Business Rate Multiplier (2012/13) 45.8
Rates Payable £12,709.50

Prospective tenants are advised to make their own enquiries of the local rating authority to verify all rating
information

Viewing

Strictly by prior arrangement with the joint agents, Sheldon Bosley or Perry Holt & Co:

Suzanne James on 01789 292310 or by email at sjames@sheldonbosley.co.uk
or Perry Holt on 01923 239080 or by email at office@perryholt.co.uk

Epc

The full Energy Performance Certificate is incorporated into our full details. Please click the link to download the details in PDF format.

Sheldon Bosley for themselves and for the vendors of the property whose agents they are give notice that these particulars do not constitute any part of a contract or offer and are produced in good faith and set out as a general guide only. The Vendor does not make or give, and neither Sheldon Bosley and any person in this employment has an authority to make or give any representation or warranty whatsoever in relation to this property. Whilst we endeavour to make our sales particulars accurate and reliable, should there be any point which requires clarification please contact this office. This may be particularly important if you are contemplating travelling some distance to view the property.