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Light Industrial for sale

Crantock Terrace, Plymouth, PL2

Removed £149,950
1,639 sq. ft.

Property Description

Commercial information

  • 1,639 sq ft (152 sq m)

Full description

Tenure: Freehold

- Industrial unit with first floor

- Electric roller shutter

- 152.3 sq m (1,639 sq ft)

- £9,950 per annum exclusive

- £149,950 for the freehold

Location

The property is located on Crantock Terrace accessed from Wolseley Road just after the roundabout with the Tesco Express. The property is located three quarters of the way down Crantock Terrace.

Accommodation

All areas are approximate and measured in accordance with the RICS Code of Measuring Practice on a gross internal basis.

Ground Floor - 70.3 sq m / 757 sq ft
First Floor - 82 sq m / 882 sq ft
TOTAL - 152.3 sq m / 1,639 sq ft


Rent / Price

£9,950 per annum exclusive / £149,950 for the freehold.

Terms

The property is available on a new full repairing and insuring lease. Terms to be agreed.

Our client is willing to allow the tenant to sub-let the property in part and, therefore, if a tenant only requires the ground floor they will be permitted to sub-let the first floor, subject to terms.

Alternatively the freehold of the property is available.

Rateable Value

From a visit to the valuation office agency website (www.voa.gov.uk) we understand that the current rateable value is £9,100 effective from 1st April 2017. Therefore making the approximate rates payable £4,241 per annum for 2017/2018.

Tenants may be eligible for Small Business Rates Relief if this is the only property they occupy and/or any other properties they occupy have a rateable value of less than £2,900 each. Qualifying ratepayers will pay no rates on properties with rateable values up to £12,000 with a tapered relief of between 100 per cent and zero for properties with rateable values between £12,001 and £15,000.

Interested parties are advised to confirm the rating liability with Plymouth City Council.


Services

It is understood that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

D (85)

Legal Fees

Each party to be responsible for their own legal costs in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.


More information from this agent

Map & Street View

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