The property comprises an end of terrace, two storey industrial / warehouse unit which is situated facing the entrance to the Bessemer Park Industrial Estate. The premises is occupied by a commercial dry cleaner on the ground floor. The premises has been converted at first floor to provide mezzanine storage and incorporates two residential apartments, although we believe planning permission has not been applied for or granted. The property is of brick and block construction with part steel profile sheet cladding to elevations, part felt roof and part sloping steel profile sheet roof with north roof lights. Good loading access is provided by roller shutters on both elevations. The ground floor is arranged as a production area, trade counter, office and store room. Car parking is provided to the front and side elevations.
The current occupier Blankson’s have been in occupation for many years and it is intended they would enter into a new fully repairing and insuring lease for a term of 10 years, on completion of legal formalities, to be contracted inside the Security of Tenure & Compensation Provisions of the Landlord & Tenant Act 1954 Part II as amended, at an initial rent of £36,000 pax. The rent is to be reviewed at the expiry of the 5th and 10th anniversary of the term to open market rental value, or upwards only, whichever is the higher. There is to be a six month rent deposit of £18,000, which will be held for the duration of the lease, together with personal guarantors by the Directors of Blankson's Ltd.
