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4 bedroom commercial property for sale

Howden Industrial Estate, Tiverton

Sold STC £850,000

Property Description

Full description

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Specific Descriptions - A Range of commercial industrial units with excellent development potential. The site is situated off Woodward Road please see map. There is vehicular access towards the southern end of the site giving access to a car parking and turning area at the front of the site and also through to the Yard and depot at the rear of the site. The site is best described in two separate parts:

1: Key House - This is a double storey office building believed to have been built in the 1970's of cavity wall brick construction under a flat roof. On the ground floor are aluminium double glazed windows and on the first floor uPVC double glazed windows.
Please see floor plan of the office space.

On the ground floor there is access into a central reception room, from where a stairway leads to the first floor.

The ground floor is currently occupied by three separate parties being Guniness care (Devon Home Care), Thomas Westcott Accountants and Megarax.

The entire first floor is let to the NFU Mutual, who have carried out improvement works to the offices including the uPVC double glazing.

Car parking is available to the front of the property with space for 25 vehicles including space for visitors.

2: Industrial Buildings And Yard - Attached to the rear of Key House is a large industrial building of concrete vlock construction under a corrugated asbestos roof. Originally the centre for a haulage business, this large workshop unit was let in three separate parts, the largest unit has just been vacated and is under application from a new tenant the other two units are let to Wood and Head joiners and Finesse Finish. A separate unit at the back is let to "Muck Off" Valet Service.

To the south of the main building is a large enclosed yard, there are two parking agreements in place for a total of 4 vehicles to Dartline Coaches and P Down. The remainder of this area would be perfect for future business opportunities or development.

Tenure, Easements, Restrictions And Rights Of Way - The late Mr Bryan Coombes owned the property jointly with Mrs J Coombes.

A list of occupants is available. The list includes a mix of Licences and formal leases of various lengths. The Lease Agreements were drawn up by Ashfords Solicitors. I am told the standard agreement has been used for all tenants. Under the agreement the Tenants shall keep the property in good repair and condition, but in no better state of repair or condition that as evidenced by a Schedule of Condition. The Tenant is liable for their share of the insurance, to be undertaken by the Landlord, rent payment dates are quarterly on term dates and the Tenants pay a proportion of the overall service charge. The Leases are governed by the Landlord & Tenant Act 1954, no assignment or under letting permitted without Landlord's reasonable consent. The provisions of Sections 24-28 of the 1954 Act, are excluded.

Services - Mains electricity, water and drainage are connected

Boundaries - Please see the title plan.

Access - The property has direct road access

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