Suite of offices, industrial premises and yard

Substantial freehold industrial warehouse and office premises with storage yard Located within an established industrial trading estate, the premises have a two storey office building extending to approximately 334sq/m (3,600sq/ft) which is part let producing an income of £8,400pa (£700pcm) with a new lease under negotiation. To the rear of the office building is a single storey warehouse complex extending to approximately 950 sq/m (10,225sq/ft). There is also a loading bay and large enclosed yard to the side with parking facilities to the front of the building. The property is of steel framed construction with brick block walls.

Tenure

Freehold

Wisbech, locally known as the capital of the Fens, has a population of around 20,000 and is a market town with numerous shops and amenities. The town lies approximately 23 miles from Peterborough, 39 miles from Cambridge and 55 miles from Norwich. The A47 trunk road between Norwich and Leicester passes to the southern and eastern sides of the town.

Accommodation

The Ground and First Floor Offices are divided into four self-contained units at present. However, these could be returned to single use subject to negotiation with the existing tenant who occupies approximately 25% of the office space. The main factory area, which lies to the rear of the property, has vehicular access to both side elevations and is currently divided into various storage and workshop areas. Sub-division into smaller units could easily be provided.

Rateable Value 2010

Units 11-13: £24,514 Unit 14: £1,314 Concrete area: £5,960

VAT

The property is not elected for VAT.

Planning

The current use for the unit falls within Use Class B2 General Industrial as defined by the Town and Country Planning Uses Classes Order 1987.

Note

The company occupying the first floor office is currently paying a monthly rent of £700 (£8,400pa). However, the lease has expired and negotiations are currently underway with regards to the extension of this lease.

Viewing

Please call the Auctioneers - 01553 777773

Energy Efficiency Rating (EPC)

Current Rating 13 Regal Road - C 14 Regal road - D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Fenland District Council. Tel: 01354 654321

Solicitors

Fraser Dawbarns, 1 York Row, Wisbech, Cambridgeshire PE13 1EA, Ref: Conveyancing Department, Tel: 01945 461456

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.