Units 1 and 2 Chalklands Place, LU5

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Key Points

Summary

Two interconnecting trade counter units, previously occupied as one and held on existing leases until August 2033. Immediately available.

Description

Two interconnecting units previously occupied by one tenant and held on two separate leases. The units benefit from 6m eaves, LED lighting, up and over loading doors, w/c facilities to each unit, forecourt parking and first floor offices within Unit 1. The property is being cleared but retains the current fit out including a trade counter, a mezzanine of approx 1,000 sqft and racking within Unit 2. All or some of this can be removed if not required by an incoming occupier. Consideration will be given to subletting or assigning the leases separately or combined.

Location

Chalklands Place is the modern trade counter development within Eastern Avenue, one of the key industrial areas in Dunstable. The estate is situated 0.7 miles from Dunstable town centre and 1.7 miles from M1 Junction 11. Trade counter occupiers already on Eastern Avenue include Screwfix, Toolstation, Wolseley, Brewers, Wicks and UK Plumbing Supplies - making it the key trade counter location within Dunstable.

The surrounding area benefits from a good amount of amenity including Sainsbury's, McDonalds, Greggs and Starbucks.

Availability_text

The accommodation comprises the following areas (and ignores the tenant fitted mezzanine of circa 1,000 sqft in Unit 1):

Existing Leases

The units are held on two separate leases for a term of 10 years from 2nd August 2023, expiring 1st August 2033. Both leases include an open market upward only rent review and tenant break option (6 months prior notice) in August 2028. The passing rents are £26,290 per annum (Unit 1) and £22,565 per annum (Unit 2). Consideration will be given to subletting or assignment. New leases may be available from the landlord.