WAREHOUSE / INDUSTRIAL / TRADE COUNTER / DEVELOPMENT OPPORTUNITY
DESCRIPTION
* Secure site with terraced trade counter and warehouse accommodation.
* Trade counter / showroom is broadly open plan, with small stores, office and WC’s.
* Additional terraced warehouse / ancillary accommodation.
* Construction comprises a mix of, clear span concrete frame & steel portal frame, with pitched roof incorporating translucent roof panels.
* Warehouse buildings providing varying eaves height from 4.15m to 5.9m.
* Multiple roller shutter loading doors.
* Extra large roller door measuring 7.3m wide and 4m high.
* Dual access from the main A38 East Reach to the front and Victoria Gate to the rear.
* LED lighting throughout.
* May suit alternative use redevelopment, subject to any necessary consents.
* Yellow shaded area within demise plan is granted via a Deed of Grant, dated 13th December 1970 until 29th September 2069, providing right of way to 61 East Reach, via Victoria Gate.
ACCOMMODATION
Trade Counter / Showroom / Ancillary: 4,204 sq ft
Terraced Warehouse / Ancillary: 11,184 sq ft
Semi-Detached Warehouses: 6,161 sq ft
Total GIA: 21,548 sq ft
Site Area: 1.32 acres
TENURE
The existing long leasehold interest in the property is available to purchase, by way of an assignment of the existing lease for a term of 99 years from 29th September 1970, expiring, 28th September 2069, in exchange for a premium. Alternatively, consideration will be given to a new Full Repairing and Insuring (FRI) Lease for a term of years to be agreed, subject to status.
PRICE / RENT
Assignment premium or rent on new lease are upon application. The current passing
rent is £72,050 per annum.
