Unit 5, Spring Lane North, Malvern, WR14 1BU
£112.11 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,676 sq ft
249 sq m
- SECTOR
Commercial property for sale
Key features
- Passing rent £19,276pa
- 10 year FR&I lease from 1/11/25
- 5yr break option and rent review
- Tenant Delphi score of 100
- Popular loaction
- Gross Yield 6.43%
- Freehold
Description
The property comprises end terrace single storey factory warehouse with integral office / trade counter. Total gross internal floor area is 1,699 sqft.
The main warehouse benefits from eaves height of some 3.7 metres; vehicular access via roller shuter door and Mezzanine floor of some 977 sqft providing additional storage within the warehouse.
The offices are fitted to a reasonable standard with suspended fissure tiled ceilings with inset fluorescent lighting. Separate male and female WCs and kitchenette facilities are provided.
The property is constructed of steel portal frame supporting dwarf height masonry and lined profile steel clad walls surmounted by pitched and ridged lined profile steel clad decking roof. Floors are of solid concrete of unspecified but assumed to adequate load bearing capacity.
Outside the property benefits from forecourt parking for approximately 10 vehicles and space for loading and unloading.
Location
Spring Lane Industrial Estate is situated in Malvern Link. Established residential and commercial location, situated on the Worcester Road A449 some eight miles West of Worcester City Centre.
Spring Lane Industrial Estate has been improved over recent years with the addition of new developments close by at Malvern Retail Park and new developments within Spring Lane itself. Occupiers are attracted to the area by its excellent road and rail links.
Tenure
Freehold
Tenancy
The property is let to Alliance Automotive UK LV Limited for a term of 10 years from 1 November 2025 on FR&I terms at a current rent of £19,276pa. the Lease is subject to a Tenant only option to break and rent review at the end of the 5th year.
The Tenant
Alliance Automotive UK LV Limited have been established approximately 55 years and have a current Turnover of approximately £505,215,190 (2023) with pretax profits in 2023 of £37,578,781; having a Delphi score of 100.
Services
All mains services are available.
Energy Performance Certificate
D69
Rateable Value
£15,000
Purchase Price
Offers in the region of £300,000 plus VAT creating a gross yield of 6.43%
Viewing
Strictly by appointment with our reception on
Brochures
Unit 5, Spring Lane North, Malvern, WR14 1BU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Malvern Link Station0.5 miles
- Great Malvern Station1.3 miles
- Colwall Station3.9 miles
Notes
Disclaimer - Property reference 346628-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Truslove, Redditch. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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