Property Overview

Purchase Price:	Offers in excess of £350,000
Type:	Investments
Tenure:	For Sale
Description:	Workshop, offices and yard let at £19,500 per annum.
Contact:	Matthew Pearcey - 07764 269803

Detailed Information

Location

The property is located on Lisle Avenue, just off the A451 Stourport Road.

The property is in close proximity of the Silverwoods development which includes Aldi and the Wyre Forest Leisure Centre and a nearby development incorporating Kentucky Fried Chicken and Costa Coffee.

Kidderminster and Stourport Town Centres are both within 2.5 miles.

Description

The property comprises of a single storey workshop, adjoining two storey offices and a yard.

The workshop is of brick construction surmounted by a pitched, insulated corrugated asbestos roof on steel trusses.  Height to eaves circa 12 ft. (3.2m).  Vehicular access is via a roller shutter door to the side elevation. 

The offices are of brick construction surmounted by a flat roof.  The ground floor comprises of a reception lobby, office and toilets.  An open plan office/rest room is located to the first floor.

Car parking is available on a tarmacadam strip to the front of the property.  A yard is included.

Accommodation (Gross Internal Area) approx.

3,716 sq.ft. (345.35 sq.m.) approx.                     

Rating Assessment

Rateable Value: £11,250.

Services

All mains services, except gas, are connected.  An oil fired space heater is located to the workshop with ducting to the offices.

The Lease etc.

The premises are let to RD Autos Limited (Co. No. 08594758) by way of a 5 year lease from 23rd October 2018.  There is a Surety in place.  The lease is full repairing and insuring (subject to a Schedule of Condition).  The landlord is directly responsible for the roof.  There is a rent review and tenant only break clause at the end of year 3.

The rent passing is £19,500 per annum exclusive.

The tenants have been in occupation since 2009.

Guide Price

Offers in excess of £350,000.

V.A.T.

V.A.T. will be levied on the purchase price.

Energy Performance Certificate

EPC Rating - E114.

Viewing

Strictly via the Sole Agents - Sellers Chartered Surveyors - 01384 456789

Matthew Pearcey - 07764 269803

matthewpearcey@sellers-surveyors.co.uk