MapProperty
Property
8,577 sq ft / 797 sq m
Features and description
- Tenure: Freehold
- 3 Separate Industrial Units and an enclosed yard
- All let to the same tenant on aligned 10 year leases running rom 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
A freehold investment of 3 separate properties plus secure yard, all let to the same tenant
Price Guide £740,000 FREEHOLD
3,768 to 8,577 sq ft (350.06 to 796.83 sq m)
A freehold investment of 3 separate properties plus secure yard, all let to the same tenant
Price £740,000 FREEHOLD
3,768 to 8,577 sq ft (350.06 to 796.83 sq m)
Summary - Size - 3,768 to 8,577 sq ft
Price - Offers in the region of £740,000
Rateable Value - £31,500
Please enquire from Rutland County Council for rates payable
EPC Rating - Upon enquiry
Description - The property comprises of 3 originally separate factory units, within a secure yard. The
accommodation is to a high specification, being used in the food processing industry.
Location - 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.
Accommodation - The accommodation comprises the following GIA
Unit - 8 - 4,809 Sq Ft 446.77 Sq m
Unit - 14 & 14a - 3,768 Sq Ft 350.06 Sq m
Total - 8,577 Sq Ft 796.83 Sq m
Viewings - Strictly by appointment through Reid Commercial Property or P&F Commercial on[use Contact Agent Button] or by [use Contact Agent Button]
Planning - We are advised that the current planning use for the properties is B1 industrial (now Class E)
Tenure - 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.
Epc - 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)
Business Rates - No.8 £21,500 + VAT per annum exclusive.
No’s 14 & 14A £21,500 + VAT per annum exclusive.
Services - We understand that mains electricity, water and drainage are connected to the premises. No services or appliances have been tested by the Agents
Price Guide £740,000 FREEHOLD
3,768 to 8,577 sq ft (350.06 to 796.83 sq m)
A freehold investment of 3 separate properties plus secure yard, all let to the same tenant
Price £740,000 FREEHOLD
3,768 to 8,577 sq ft (350.06 to 796.83 sq m)
Summary - Size - 3,768 to 8,577 sq ft
Price - Offers in the region of £740,000
Rateable Value - £31,500
Please enquire from Rutland County Council for rates payable
EPC Rating - Upon enquiry
Description - The property comprises of 3 originally separate factory units, within a secure yard. The
accommodation is to a high specification, being used in the food processing industry.
Location - 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.
Accommodation - The accommodation comprises the following GIA
Unit - 8 - 4,809 Sq Ft 446.77 Sq m
Unit - 14 & 14a - 3,768 Sq Ft 350.06 Sq m
Total - 8,577 Sq Ft 796.83 Sq m
Viewings - Strictly by appointment through Reid Commercial Property or P&F Commercial on[use Contact Agent Button] or by [use Contact Agent Button]
Planning - We are advised that the current planning use for the properties is B1 industrial (now Class E)
Tenure - 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.
Epc - 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)
Business Rates - No.8 £21,500 + VAT per annum exclusive.
No’s 14 & 14A £21,500 + VAT per annum exclusive.
Services - We understand that mains electricity, water and drainage are connected to the premises. No services or appliances have been tested by the Agents
Property information from this agent
About this agent
P&F Commercial is a well-established Commercial Estate Agency business operating across the EastMidlands. Centrally located in Rutland, with the major Cities of Leicester, Nottingham, Peterboroughand Northampton all within 40 miles, P&F Commercial are perfectly located to handle all types ofCommercial property including Shops, Offices, Industrial Units, Post Offices and any other generalInvestment/property businesses. With over 40 years combined experience in the property business, P&F Commercial has a wealth ofspecific knowledge in the sector. P&F Commercial do not just deal in vacant property but can assistbuyers and sellers in the transfer of operating businesses and are perfectly placed to assist start up’sand SME’s in the acquisition, lease or sale of the premises essential to making the enterprise asuccess. We understand that buying, selling or leasing property can be a stressful time and we are more thanhappy to handle the transaction discreetly with or without formal open market promotion and wecan arrange meetings and viewings outside office or working hours as necessary. We can handle any property from the lease of the smallest shop or office unit to multi-million poundfreeholds and we take pride in the way we can market our client’s properties using selected InternetPortals, our own website at www.pandfcommercial.com and our extensive database. We are always happy have an open chat about the services we can offer so please give us a call to discuss your requirements.