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Light Industrial to rent

Brougham Street, Leicester

£21,500 pa| £1,792 pcm

Property Description

Key features

  • Good Road Communications
  • Can be Split
  • Fully Sprinklered
  • Local Labour Supply
  • Suitable for Storage or Manufacturing
  • Good Natural Light

Full description

This is an excellent opportunity to rent traditional manufacturing accommodation adjacent to the Inner Ring Road and within walking distance of Leicester City Centre. The premises, which would also be suitable for storage and extending to 804.1 sq m (8,655 sq ft), have good natural light and are sprinklered. The two floors are available separately or as a whole.

Situation - The property is situated on Brougham Street at its junction with Crafton Street East in an established commercial area lying within walking distance of Leicester City Centre.
Brougham Street is a cul de sac lying adjacent to a busy roundabout which is the junction of the A47 Leicester to Peterborough road and the Inner Ring Road.
The premises also lie close to the Cultural Quarter which includes the Curve theatre and Phoenix Arts building.
In the 2011 Census, the population of the Leicester City Council area was approximately 330,000, the highest in the East Midlands, with approximately 510,000 in the wider Leicester urban area. It is, therefore, the tenth largest city in the UK and Englands 11th largest urban area.

Leicester is situated adjacent to the M1 at its intersection with the M69 and, road communications are very good. The Midland Mainline Railway serves the city and the journey time to London St. Pancras is just over an hour. Furthermore, East Midlands Airport is approximately half an hours drive away.

Leicester is a cosmopolitan city with the largest ethnic population in the country with the majority of Asian origin.

There are two large universities, the University of Leicester and Leicester De Montfort with a combined population of approximately 30,000

Major employers include the two universities, Pepsico, Next Plc, Santander, Samworth Brothers, Crown Crest Group, Shoe Zone Group and Topps Tiles.

Leicester has a broad industrial and commercial base with nearly 25% of the population working in the manufacturing sector compared with a national average of 15%.

Description - The property comprises a traditional Leicester two-storey textiles factory of brick construction with concrete and timber floors, a flat roof and with cast iron columns.
The accommodation has good natural light from the large windows to two elevations.

Accommodation - The property has a gross internal floor area, measured in accordance with the RICS Code of Measuring Practice, of 804.1 sq m (8,655 sq ft) which is allocated as follows:
Ground Floor 383.7 sq m (4,130 sq ft)
First Floor 420.4 sq m (4,525 sq ft)

Tenure - Leasehold.

Lease Terms - The whole property is available to let for a minimum period of three years and on full repairing and insuring terms.
The owner may consider letting the two floors separately.

Rent - £21,500 per annum, exclusive of rates and other usual outgoings.

Planning - The property has the benefit of Planning Permission for B1 Light Industrial use.
However, interested parties are advised to make their own enquiries at Leicester City Council Planning Department.

Business Rates - The premises are described in the 2010 Rating List as Factory and Premises with a Rateable Value of £11,750.

Services - The property is connected to main electricity, gas. water and drainage services.
The accommodation is partly heated by gas-fired space heaters and is partly unheated.
The services and installations have not been tested by the agents and are assumed to be in working order. Prospective tenants should make their own enquiries.

Energy Performance Certificate - An EPC has been requested and will be available shortly.

Costs - The ingoing tenant will be responsible for a contribution of £500 towards the Landlord's legal costs.

Stamp Duty Land Tax - Interested parties are advised to make their own enquiries in respect of any liability for Stamp Duty Land Tax.

Viewing - Viewings are strictly by arrangement with the sole agents, Andrew Granger & Co. Please contact Kevin Skipworth on 0116 2429933.


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