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Light Industrial for sale

Eastwood End, Wimblington

Withdrawn from Market £275,000
1,028 sq. m.

Property Description

Commercial information

  • 11,065 sq ft (1,028 sq m)

Full description

Tenure: Freehold

The property is prominently located on the outskirts of Wimblington, on the A141, south of the Fenland market town of March.

The property comprises a multi-occupancy industrial premises of timber frame construction with pitched roof. To the front of the property a concrete surfaced yard are providing parking and manoeuvring space.
The property is currently divided into four self-contained units, each with WC facilities, with a further communal storage area at the rear, which offers scope for further development of the site.

Unit 2
Warehouse 117.9 sq m (1,269 sq ft)
Office 1 8.1 sq m (87 sq ft)
Office 2 9.2 sq m (99 sq ft)
Office 3 17.3 sq m (186 sq ft)
Office 4 18.2 sq m (196 sq ft)
Kitchen/Mess Room & WC

Unit 3
Warehouse 171.5 sq m (1,846 sq ft) in two parts and part below mezzanine area (2.44 m clearance)
Store 4.8 sq m (52 sq ft)
Office 9.4 sq m (102 sq ft)
Mezzanine 29.0 sq m (312 sq ft)

Unit 4 (occupied together with Unit 8)
Warehouse 79.4 sq m (855 sq ft)
Office 25.1 sq m (270 sq ft)

Unit 6
Warehouse 90.0 sq m (969 sq ft)
Office 13.5 sq m (145 sq ft)

Unit 7
Open Store 329.0 sq m (3,541 sq ft)

Unit 8 (occupied together with Unit 4)
Warehouse 87.5 sq m (942 sq ft)
Office 18.3 sq m (197 sq ft)

Each unit benefits from a WC

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

The property is offered For Sale freehold as a whole, subject to the existing tenancies. All units with the exception of part of Unit 7 are currently occupied. Current total rental income is £16,060 + VAT pa.

Rateable Value (2010 List)
Unit 2 £4,350
Unit 3 £4,150
Unit 4 £3,300
Unit 6 £TBC
Unit 7 £2,850
Unit 8 £3,050

2013/14 Uniform Business Rate 47.1p in the £

Interested parties are advised to make their own enquiries of the local Rating Authority (Fenland District Council, Fenland Hall, County Road, March, Cambridgeshire PE15 8NQ Tel 01354 654321) as to the current rates liability.

The property has been elected for VAT. As such, VAT is chargeable on the rent and VAT will be payable in addition to the purchase price.

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 B8 (Storage or Distribution) as defined by the Town and Country Planning (Use Classes) Order 1987 (as Amended).

Strictly by appointment with the Agent.

More information from this agent

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