Property Summary
They are currently occupied by a tenant who runs a power coating business who has been in occupation for about 4years. The lease is on FRI terms and is for a period of four years from April 2016. The rent passing is £8,400 to include all equipment and two portable buildings on the site. The lease is within the 1954 Landlord and Tenant Act. . There is a draft Deed of Variation available which details a rent of £3,600 per annum for the premises and a rent of £5,400 per annum for the equipment. The Deed is unsigned and uncompleted.
The property is in general need of refurbishment and updating
Full Details
LOCATION
The property is located in Charfleets Close , Canvey Island
DESCRIPTION
A tenanted industrial unit
ACCOMMODATION
FORECOURT PARKING 6.25m. x 8.9m. + 14m. x 5.35m.
GROUND FLOOR OFFICE 2m x 2m. + male and female w.c.'s
WORKSHOP 7.46 m. x 38.89m
GROSS INTERNAL FLOOR AREA 302 sq.m.
REAR YARD 7m. (average) x 12.23m
FLANK YARD 3.2m x 39m
TERMS
Offers in the region of £180,000 are required for our mutual client's freehold interest in these premises with the benefit of the tenancy that is in place.
CURRENTLY PRODUCING £8,400 with potential for increase in 2020. The current rental includes rental of the equipment in place together with the two metal containers which belongs to one of the co-owners of this property
OUTGOINGS
The rateable value is £10,750 which is chargeable at 41.9p in the pound for the rating year to April 2020. Small business rate relief may apply. The rateable value does not take in to account the rear extension.
VAT
To be confirmed
LEGAL COSTS
Each party to be responsible for their own legal costs.
PARKING NOTES
Forecourt parking
PLANNING
B2 (general industrial )
VIEWING
Strictly by prior telephone appointment