THE PREMISES
The premises comprise a mid-terrace light industrial unit forming part of a block of four on a small estate of eight units. The single storey lock up unit of 732 sq ft is suitable for a variety of uses, subject to any necessary planning consent and offers a separate WC, fire door rear access and parking space outside.
LEASE
The premises are offered on the basis of a new 3 year lease with internal repairing and insuring terms at a commencing rental price of £7,500 per annum + VAT. An incoming tenant will need to provide proof of ID, 3 months bank statements and trade/professional references for Landlord's approval. Where the lease is to be taken in a company name, personal guarantors will typically be required.
AGENT'S NOTE
The property is VAT registered, and the landlord has opted to charge VAT on the rental price. A service charge of 12.5% is applied to cover maintenance of the common areas as well as any external repairs. For any new tenancy, a three month rental deposit will be required.
SERVICES
Mains electricity, water and drainage.
VAT
We understand that our client has opted to charge VAT. All interested parties should make their own enquiries of HMRC.
RATEABLE VALUE
£6,000 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website.
Small Business Rate Relief (up to 100%) may apply for properties with a Rateable Value below £12,000, subject to eligibility and local authority assessment.
LEGAL ADVICE
We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant’s responsibility.
LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.
