Industrial development for sale
Property description & features
- Tenure: Freehold
- 3 Separate Industrial Units and an enclosed yard
- All let to the same tenant on aligned 10 year leases running from May 2020
- Current Rent £43,000 with a rent review in May 2025
- Fully functioning as a food preparation centre
- Potential ERV on review of circa £60,000 at £7.00 per Sq Ft rent
Oakham is the county town of Rutland with a growing population of approximately 13,000 (up from 12,150 in the 2021 Census). It is within convenient travelling distance of Leicester, Grantham, Nottingham and Peterborough and situated approximately 9 miles due west of the A1 trunk road.
Strictly by appointment through Reid Commercial Property or P&F Commercial on[use Contact Agent Button] or by [use Contact Agent Button]
We are advised that the current planning use for the properties is B1 industrial (now Class E)
The overall property is let on 2 separate leases (No.8 and No’s 14 & 14A), identical and running contemporaneously. Both leases are from 12/5/2020, expiring on the 12/5/2030. There is a tenant break at 12/5/26, with rent review on the 12/5/2025. Both leases are held on an FRI basis, subject to a Schedule of Condition.
Energy Performance Certificates will be available for inspection. However the respective ratings are No.8 115 (Band E) No’s 14/14A 143 (Band F)
No.8 £21,500 + VAT per annum exclusive.
No’s 14 & 14A £21,500 + VAT per annum exclusive.
We understand that mains electricity, water and drainage are connected to the premises. No services or appliances have been tested by the Agents
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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