Leasehold per annum from £5,100 | Tiverton, Tiverton, Devon, EX16

SITUATION

Unit 1 Key House is located on the well-established Howden Industrial Estate to the west of Tiverton town centre. Neighbouring uses include offices and industrial occupiers such as RGB Builders Merchants, NFU Mutual, Unipart and Eagle Plant Hire Ltd.

Howden Industrial Estate is approximately 1/2 mile from Tiverton Town centre and 1 1/2 miles south of the A361 which provides direct access to junction 27 of the M5 motorway, approximately 6 miles to the east and Barnstaple approximately 29 miles to the northwest. Tiverton Parkway railway station is located off Junction 27 of the M5 providing national rail links and the regional centre of Exeter and its airport is approximately 15 miles southwest.

DESCRIPTION

The property comprises 2 mid-terrace workshop units together with an end of terrace single storey office building. The offices are of brick elevations under a flat roof. Internally the offices are carpeted with a mixture of strip and category 2 lighting and an air conditioning cassette unit / heater in the main office area. The offices have the benefit of shared male & female wc's and a reception area, all of which are separate to the workshops. The offices will have 3 parking spaces adjacent to the entrance.

The workshops are of concrete portal framed construction with block elevations under a pitched asbestos sheet roof which is insulated. Internally the units comprise concrete floor with 2 vehicle inspection pits in unit 1, together with a sub-divided storage and mezzanine floor area. Access to both units is via separate roller shutter and pedestrian access doors. Both units are strip lit with an internal eaves height of 5.24 metres. Externally there is a concrete yard area and both units have the benefit of shared male and female wc's. Further yard space is available by negotiation.

ACCOMMODATION

The approximate gross internal areas can be summarised as follows as measured in accordance with the RICS Code of Measuring Practice:

Offices - 60.1 sq.m (647 sq.ft)

Workshop 1 - 363 sq.m (3,908 sq.ft) including mezzanine stores and sub-divided office. (LET)

Workshop 2 - 144 sq.m (1,550 sq.ft) (LET)

Total - 567.1 sq.m (6,105 sq.ft) including mezzanine

LEASE TERMS

The property is available by way of a new lease on full repairing and insuring terms.

SERVICE CHARGE

A service charge will be payable to the landlord to cover management, security and maintenance of common parts. Further details are available on request.

RENT

Offices - £5,100 per annum

Workshop 1 - £23,200 per annum

Workshop 2 - £9,200 per annum

As a whole - £37,500 per annum

All rents are quoted exclusive of outgoings and VAT.

PLANNING

The property has previously been occupied as offices and vehicle repair workshops and stores. Interested parties should make their own enquiries of the Local Planning Authority, Mid Devon District Council, telephone 01884 255255.

RATES

The landlord issues a separate charge to cover rates, water and insurance on a quarterly basis. The charge for the whole property for the quarter to April 2009 was £3,078.53. Further details are available upon request.

VAT

VAT will not be chargeable on the rent.

VIEWING

Strictly by appointment with the agent.

SERVICES

Mains 3 phase and single phase electricity, water and drainage are connected to the property.

REFERENCE

KEYHO/10671/51

CONTACT INFORMATION

For further information or to arrange an inspection please contact: Stags, 21 Southernhay West, Exeter. EX1 1PR Tel 01392 680058 Fax 01392 426183 Email: commercial@stags.co.uk

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.