Industrial Investment - Unit 5 Rexel Court

Overview

Reference: 6374.b
Term: For Sale
Type: Investment
Contract: For Sale
Location: Poole
Area: 600ft2
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Industrial/Warehouse Investment For Sale in Poole – 600 sq ft

Location

The property forms part of a small development of industrial/warehouse units fronting Franks Way which is approached from Ringwood Road (A348) via Albion Close which is the main access road for Newtown Business Park. Ringwood Road is a main route providing a direct link to Poole town centre and also via the A31 to the national motorway network.

Description

The property is constructed of brick/block wall lower elevations with cladding above and a steel portal frame supporting a pitched roof. Features include:-

 WC facility

 Sectional up and over loading door
 Concrete floor
 Separate personnel door
 Approx 5.3m internal eaves
 1 car parking space

Tenancy

The property is let to Thomas Rudd t/a Abakon Flooring on a 6 year lease from 19th January

2018 expiring 18th January 2024.

The lease contains provisions for a rent review on 19th January 2021. There is a tenant only

break clause at the end of the 3rd year subject to 6 months notice.

The current passing rent is £6,950 per anum exclusive.

The lease is contracted outside the security of tenure provisions of the Landlord and Tenant

Act 1954.

There is a rent deposit of £1,750 plus VAT ie £2,100 held by the landlord.

Tenure

We have been informed by our client that the premises are held on a freehold basis.

Price

£115,000 plus VAT subject to the existing occupational lease.

VAT

We have been informed by our client that the premises are currently elected for VAT. We anticipate the sale being dealt with by way of a transfer as a going concern (TOGC).

Rates

The District Valuer’s website provides the following information:-

Rateable Value – £4,950 (April 2017)

Source: www.voa.gov.uk

 


Property Misdescription Act and Misrepresentation Act: These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. Nettleship Sawyer cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and the prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. No employee of Nettleship Sawyer has any authority to make or give any representations or warranty or enter into any contract whatever in relation to the property. Rents or prices quoted in these particulars may in addition be subject to VAT. Nettleship Sawyer will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.