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AGENT'S DETAILS


Unit L7, Cherrycourt Way

For sale: £918,000.00|7564 Sq Ft|Light Industrial, Industrial

PROPERTY DETAILS

FOR SALE£918,000.00
SIZE7564 Sq Ft
ADDRESSUnit L7, Cherrycourt Way, Leighton Buzzard, LU7 4UH
TYPELight Industrial, Industrial
TENUREUnder Offer, For Sale Freehold
POSTED ON21st October 2020

DESCRIPTION

Key Points

  • 12 car parking spaces
  • 6.25 metre eaves height
  • Full height roller shutter door
  • 2-storey offices including WCs, mess room etc.
  • 2 gas space heaters in warehouse
  • Radiator central heating to offices
  • Air conditioning cassettes to first floor
  • Summary

    Light Industrial /Warehouse Unit Including 1st Floor Office

    Description

    The property comprises an end terrace industrial unit constructed during the late 1970’s/early 1980’s. The unit is constructed with a steel portal frame with 11” cavity brickwork to the majority of the front elevation and to a height of approximately 2 metres to the flank and rear elevations. Upper elevations are formed of metal profile cladding as indeed is the pitched roof covering, which incorporates perspex rooflights in parts, affording good natural lighting to the warehouse/industrial areas.

    Viewings

    Strictly by appointment via sole agents.

    Location

    Cherrycourt Way industrial estate is situated approximately half a mile east of Leighton Buzzard town centre. Leighton Buzzard itself is an established market town situated in South Bedfordshire on the borders of Buckinghamshire. The nearest alternative conurbations comprise Milton Keynes, Aylesbury, Hemel Hempstead and Luton all which are approximately 30 minutes’ drive from Leighton Buzzard town centre. Leighton Buzzard benefits from a fast efficient rail service to London Euston. Road communications are excellent and include access from the new Junction 11A of the M1 via the southern Leighton Buzzard bypass which connects to Milton Keynes

    Terms

    The property is held by way of a long leasehold interest for 999 years from 20th July 2001. There are approximately therefore 980 years remaining of this lease. There is a peppercorn ground rent that has never been demanded. The property is currently occupied under the terms of a sublease, which will expire on 19th July 2021, at a current rent passing of £64,200 per annum exclusive. The sub lease, is external to the provisions of the 1954 Landlord and Tenant Act. The current occupants therefore have no right of renewal of the lease thus full vacant possession can be granted in July 2021. The property can be thereafter be occupied or be re-let on the open market and held as an ongoing investment property.

    VAT

    The property is VAT registered, therefore VAT will be charged on the purchase price.

    LOCATION

    Location: Unit L7, Cherrycourt Way, Leighton Buzzard, LU7 4UH

    Leighton Buzzard (1.8 miles)

    Cheddington (4.2 miles)

    Harlington (6.8 miles)

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