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For SalePOA

Investment - Industrial/Warehouse for sale in Poole - 600 sq ft

Warehouse, Industrial , 600 Sq Ft
Property type: Warehouse, Industrial
Tenure: For Sale Freehold
Size: 600 Sq Ft
Price: POA
Location: Unit 5, Rexel Court, Franks Way, BH12 3LN
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
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