Light Industrial Under Offer
LOCATION
Situated approximately 3 ½ miles north of Wells. Access is taken off Haydon Drove between the A39 and A37. W3W///acrobat.breakaway.concerts
DESCRIPTION
An opportunity to purchase or to lease an extensive range of production and storage buildings and open storage land. Currently occupied for purposes of stoneware production, sale, and distribution.
The buildings require improvement and any occupier will need to undertake a programme of tenant fit out and improvement works at commencement.
The total site extends to 4.2 acres (1.7ha) of which approximately 2 acres is made up of the buildings and yards. The remaining 2.2 acres is former quarried area now comprising amenity land/scrub but may offer scope for additional yard space, STPP.
ACCOMMODATION
• Workshop Building with office and WCs. (227.6sqm / 2,450sqft). RSD 3.6m W x 3.1m H. Max ridge height 4.2m.
• Production Building; two span concrete frames with front and side access; (each is 210sqm / 2,2260sqft). Max height 4.2m. Rear buildings dilapidated (unmeasured).
• Mono-pitch building, split into three areas with five access doors (219.5sqm / 2,360sqft, max height 4m to front)
• Timber open fronted pole barn (unmeasured)
Measured Areas GIA: 867sqm / 9,330sqft
SERVICES
We understand that the Property is connected to mains electricity (3phase) and mains water supply. Private drainage. Interested parties must satisfy themselves in this regard.
TERMS
Negotiable lease terms (if applicable)
• Flexible on lease term duration
• A rent free incentive will be considered at commencement of lease depending upon the proposed Tenant improvement works.
• Tenant breaks and upward-only reviews at sensible intervals (i.e. 3 or 5 yearly patterns)
• No Service Charge Payable
• Lease to be Contracted Out (i.e. no automatic right to renew at lease expiry)
• Tenant to contribute towards Landlord’s proper and reasonable legal costs. Minimum contribution of £500 + VAT.
• Deposit subject to references/credit checks
Prospective tenants should seek professional advice from a qualified property adviser before entering a legally binding contract. Information can be found via: www.leasingbusinesspremises.co.uk
OUTGOINGS
Currently rated in two hereditaments. RV £11,250 and RV £24,250. This is not rates payable, 24/25 standard multiplier 54.6 / SBRR 49.9.
VAT
We understand the Property is NOT elected for VAT.
OTHER
The Property is being offered To Let on new lease terms or For Sale. Freehold available with vacant possession. It will be sold subject to an Uplift Clause relating to residential development of 30% of any uplift over term of 30 years.
We understand that the site has been used for the production, sale and distribution of stone and reproduction garden ware and displays. Interested parties should rely on their own enquiries with the local planning authority. Somerset Council (former Mendip Area).
VIEWING
By appointment only through the sole agents.
Tel. 03450 34 77 58
Tenure: Please confirm with Cooper and Tanner Commercial whether this property is freehold or leasehold
No EPC available for this property
Utilities
| Electricity | Ask Agent |
| Water | Ask Agent |
| Heating | Ask Agent |
| Broadband | Ask Agent |
| Sewerage | Ask Agent |
Rights and Restrictions
| Private rights of way | Ask Agent |
| Public rights of way | Ask Agent |
| Restrictions | Ask Agent |
| Parking | Ask Agent |
Risks
| Flooded in last 5 years | Ask Agent |
| Flood Defenses | Ask Agent |
| Source of Flood | Ask Agent |
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