12 Titan Drive, Fengate, Peterborough, PE1 5XN

Description
Titan Drive comprises a trade counter / warehouse development of 17 units. Unit 12 is a modern midterrace unit of steel frame construction and a monopitched roof with a minimum eaves height of 6.1m at the rear and at the front a minimum eaves height of of 9m. The unit has an electric loading door, 3 phase electricity and translucent roof panels for natural light. The unit benefits from two offices, WC and a kitchen area. Externally there is car parking to the front of the unit.

Location
Peterborough is a cathedral city in Cambridgeshire, situated in the heart of the East of England. The city is located approximately 80 miles north of London, 77 miles east of Birmingham and 32 miles north of Cambridge.

Peterborough has become established as an important regional centre for commerce, industry, shopping, health, education and leisure. It benefits from a diverse economy, ranging from innovative small businesses to large global headquarters and has been recognised as one of the fastest growing cities in the UK by population.

The property is situated in Fengate in Eastern Industry, an established industrial area to the east of Peterborough City Centre. It is approximately 1.5 miles east of the City Centre and approximately 1 miles west of the Frank Perkins Parkway which forms part of Peterborough’s dual carriageway system, which in turn links the A1(M) to the south.Titan Drive is a development of 17 units prominently located on Fengate on the boundary of the Eastern Industry Employment Area of Peterborough which is approximately 1.5 miles east of Peterborough city centre.

Eastern Industry is one of Peterborough's principal employment areas and is an area of mixed use including industrial, trade counter, leisure and car sales. Nearby occupiers include Perkins Engines, ToolStation and Car Store.

Viewings
Strictly by appointment with the joint agents Savills or Gavin Hynes (Eddisons) - .

Terms
This unit is available to let on a new a lease at a quoting rent of £58,000 per annum.

Service Charge
A service charge is payable to cover maintenance costs of the common areas.

VAT
VAT will be charged in addition to the rent at the prevailing rate.

Anti-Money Laundering
To comply with Anti-Money Laundering Regulations, proof of ID and address are required and confirmation of the source of funding will be required

Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.

EPC
The property currently has an EPC assessment of C - the certificate is attached.

Planning
Interested parties are advised to make their own investigations the Local Planning Authority.

Business Rates
The Valuation Office Agency website lists the property with a current rateable value of £52,000