Key Points

Summary

Established waste transfer facility for sale on the instruction of Viridor Waste Management Ltd

Description

The property operates as a self-contained waste transfer facility, within a site extending to 1.21 hectares (2.99 acres). The site is level and broadly rectangular. The main building comprises a detached, industrial building of steel portal frame construction with single skin steel profile cladding to the elevations and single pitch, profile clad roof. The minimum working height is 8.13m. The unit has a solid concrete floor and has been fitted internally with a concrete retaining wall which spans the side and rear elevations and aids the loading / sorting of waste. Externally, the site provides extensive hard surfaced and concrete yard storage with customer and employee parking to the entrance of the site.

Viewings

Please contact the joint marketing agents.

Location

The property is located directly off Galileo Close on Newnham Industrial Estate, Plympton. It is situated within 6 miles of Plymouth City Centre and benefits from good regional road communications. Access is available from the A38 at either the Marsh Mills roundabout or the Plympton turn off.

Terms

The property is available to purchase as a whole on a freehold basis. On completion the vendor, Viridor Waste Management Ltd, will be granted a lease for a term of up to 12 months in order to support their relocation. On expiry of the lease, the property will become vacant. We are instructed to target an exchange of contracts by 24th March 2021.

Legal Costs

Each party to bear their own legal costs incurred.

Business Rates

The property is currently assessed as a whole and described in the 2017 rating list as 'Waste Transfer Station and Premises' with a rateable value figure of £35,000 per annum. The rates payable using the 2019 to 2020 multiplier (0.504) is £17,640 per annum, ignoring any phasing provision.

Planning

The site benefits from planning consent for use as a waste transfer and segregation facility categorised under sui generis of the Use Classes Order 1987. An application for a change of use to incorporate Class E, B2 and B8 alongside the existing use is due to be summited to the council on receipt of a flood risk assessment.