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Light Industrial for sale

Old Ifton Colliery, St Martin's, Oswestry, SY11 3DA

Removed POA

Property Description

Full description

Tenure: Freehold

Old Ifton Colliery Industrial Estate lies on the outskirts of St Martin´s, close to the Welsh border. Old Ifton Colliery is located between Oswestry and Wrexham, approximately 2 miles west of the junction of the B5070 and the A5. Oswestry is approximately 5 miles south of the property. The property is situated in a semi-rural location.

Old Ifton Colliery is an established mixed use industrial estate on a site extending to approximately 1.63 hectares (4.03 acres).

The majority of units are of steel portal frame construction with brick and part block part clad elevations and pitched clad roofs. Situated to the front of the site is an office building which is of brick construction with a flat roof.

We understand that there is three phase electricity supplied to the site together with mains water provision and drainage is by way of septic tank.

There is an undeveloped area within the site used for car and lorry parking.

The estate comprises several workshop/storage units, estate office, car parking and a telecommunications mast. We calculate the Gross Internal Area as follows:

Sq m Sq ft

Offices (Premier Bodies) 58.92 (634)

Unit 1 (Premier Bodies) 339.27 (3652)
First Floor 21.14 (228)

Unit 2 (Premier Bodies) 113.35 (1220)

Unit 3 (Premier Bodies) 788.30 (8485)
First Floor 25.13 (271)

Adjoining Store 78.09 (840)

Unit 4 (Premier Bodies) 319.39 (3438)

GIA 1743.59 (18768)

The annual gross income is £75,387 after deduction of landlord´s insurance and business rates, £57,165. The leases are on three or six year terms. Some leases are under negotiation and the estimated annual gross rental value is approximately £80,698 (or £62,475 after the deduction of insurance and business rates).

The tenants are responsible for maintaining the units, including landlord´s fixtures and fittings. The landlord pays the buildings insurance and the business rates and includes the recovery of these costs in the rents demanded. A tenancy schedule is attached.

We understand from the VOA website that the estate is assessed with a combined rateable value of £21,750 on the 2010 listing.

To be confirmed.

The majority of the leases are in a new modern form having been agreed in the last 12 months. Copies of example leases can be provided on request.

Town Planning
The premises have been used for industrial purposes since the 1950s and we have assumed that they currently rely on an established use for B1, B2, B8 Light and General Industrial/Storage purposes.

Energy Rating
Energy Performance Certificates can be provided upon request

Strictly by prior appointment with the joint sole agents:

Barbers Chartered Surveyors
1 Church Street
Contact: David Lowe 01952 221220


Scanlans Consultant Surveyors LLP
Scanlans House
High Street
West Midlands
B93 0LL
Contact: Bev Robinson 01217057000

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