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Light Industrial for sale

Wolsely Business Park, Lowestoft

Removed 3,855 sq. ft. | £350,000

Property Description

Commercial information

  • 3,855 sq ft (358 sq m)

Full description

Tenure: Freehold

LOCATION
The property is positioned on the new business estate - Wolseley Business Park which is located on the established trading area of Mobbs Way in Oulton Broad close to Lowestoft town centre. The position provides quick and easy access to the A12 to Great Yarmouth and Ipswich and fast access to Lowestoft Town Centre and Port Side Industrial areas.

The Wolseley Business Park is an Enterprise Zone and is now home to a variety of occupiers including Limar Oil Tools, MS Oakes, ATP Lowestoft, Hughes Electrical Head Office, Edmondson Electrical, Booker Cash and Carry and Tick Solutions Office Furniture.

DESCRIPTION
The property comprises a high quality business unit of steel portal frame construction with brick and block and part clad elevations under a feature curved insulated roof. The unit is an end terrace of 3 which were built in 2015.

The unit has been recently used for storage, distribution and retailing and has been split internally accordingly.

The main access to the workshop areas is via an electric up and over door and there is pedestrian access into a show room area which is carpeted. The whole unit benefits from suspended automatic lighting and there is an area of good quality mezzanine floor to the rear of the unit where toilet, kitchen and office facilities are also provided. The unit has a gas fired blast air heating system and 3 phase power supply.

The unit benefits from a generous minimum eaves height of 5.95m.

Externally there is a good size forecourt laid to tarmac providing car parking for up to seven vehicles.

ACCOMMODATION
We have measured the unit in accordance with the RICS Code of Measuring Practice and the following gross internal floor areas are provided.

Ground Floor 301.33 sq m (3,244 sq ft)
Mezzanine 56.73 sq m (611 sq ft)

Total 358.06 sq m (3,855 sq ft)

SERVICES
We believe that mains 3 phase electricity, water, drainage and gas are connected to the unit.

TERMS
The property is immediately on the following basis:-

Leasehold £27,500 pa on lease terms to be agreed

Freehold £350,000

OUTGOINGS
The property is within an Enterprise Zone and as such any Company moving into this unit will benefit from 5 years at 100% Business Rate Relief. The unit has a current Rateable Value of £19,500 offering a potential saving in Rates of up to £10,000 pa.

VAT
VAT will be payable on the rent and freehold price.

VIEWING
Strictly by appointment with Bycroft Commercial - 01493 844489. Contact Daniel Bycroft - db@charlesbycroft.co.uk


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