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Light Industrial for sale

Upwell Road, March

Withdrawn from Market 2,151 sq. m. | £499,995

Property Description

Commercial information

  • 23,153 sq ft (2,151 sq m)

Full description

Tenure: Freehold

The property is located on the outskirts of March on the B1099, east of the Fenland market town of March. March is approximately 19 miles east of Peterborough and approximately 10 miles south of Wisbech.

The property comprises a multi-occupancy industrial site extending to 2.20 Ha (5.43 Acres) (STMS), of which only approximately one half of the site is currently developed. The majority of buildings are of timber construction; one is of block and fibre cement sheet construction. All have pitched roofs. There are concrete surfaced yard areas and gravel areas providing parking and manoeuvring space. The property is currently divided into 32 separate units providing a variety of uses.

There are 32 units totalling approximately 2,151.0 sq m (23,150 sq ft) which achieve a total of £4,912pcm (£58,944pa). The accommodation is currently used for storage, manufacturing and car restoration units.

Mains water, drainage and electricity are understood to be connected. Interested parties are advised to make their own enquiries of the relevant utility companies and drainage authorities.

The property is offered For Sale freehold as a whole, subject to the existing tenancies. All units are currently occupied.

Rates are the responsibility of the Tenants. A full schedule of Rateable Values is available upon request from the Agent.

It is understood that the property has not been elected for VAT.

Each party will bear their own legal costs incurred in the transaction.

The current use of the property falls within Use Classes B1 (Business) and B2 (Industrial). A pre application has been made for new units falling within B1, B2 and B8 (Storage or Distribution) and these are deemed appropriate.

Strictly by appointment with the Agent.

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