£75,000 pax

To Let - B1 - Light Industrial

Call the Leamington Spa branch on 01926 429 400 or email commercial@peterclarke.co.uk

LOCATION
The premises are situated on the Kingsway Industrial Estate on Kingsway Park Close which is located about 1.5 miles west of Derby City Centre.

The Estate is accessed off the A38 Kingsway Dual carriage via Brackensdale Avenue and Lyttelton Street if heading north on the A38 Kingsway, or via Raleigh Street / Lyttelton Street if heading south.

The A38 Kingsway Dual Carriage Way forms part of Derby City’s outer ring road system linking directly to the A50 at Burnaston to the South, and to junction 28 of the M1 Motorway to the north.

DESCRIPTION
Units 3 & 4 comprise two adjoining single storey modern industrial / warehouse units built around 2001.

They are constructed of steel portal frame with low level brickwork and composite cladding above. Height to eaves is approximately 5.1 m.

Each unit has an integral office and WC block, high intensity lighting and gas fired blower heating to warehouse areas and an insulated sectional roller shutter door to the front and rear.

Unit 3 has additional high - quality offices at 1st floor level. These provide a small ground floor entrance reception with disabled WC and on the 1st floor a conference / meeting room, three office areas, kitchen, WC's and shower room. The offices have suspended ceilings with cat 2 lighting, carpeting, semi glazed partitioning and air conditioning.

Externally at the front of the units are loading / parking areas with separate access to the rear which provides additional loading.

ACCOMMODATION
Unit 3

a) First Floor Offices, Kitchen, Conference Room, Shower Room & WC’s - 2,000 sq ft (185.8 sq m)

b) Industrial / Warehouse Area Including Small Entrance Reception & WC - 6,145 sq ft (570.9 sq m)

Unit 3 - Total Floor Area - 8,145 sq ft (756.7 sq m)

Unit 4

a) Ground Office / Kitchen & WC’S - 565 sq ft (52.5 sq m)

b) Industrial / Warehouse Area - 5,635 sq ft (523.5 sq m)

Unit 4 – Total Floor Area - 6,200 sq ft (576 sq m)

Combined Total of Unit 3 & Unit 4 - 14,345 sq ft (1,332.7 sq m)

SERVICES
All mains services are understood to be connected. If the units are let separately certain services may need to be split. Further details provided on application.

TERMS
The units are being offered via new full repairing and insuring leases for a term of years to be agreed at the following rents: -

Unit 3 - £45,000 per annum exclusive

Unit 4 - £32,500 per annum exclusive

Unit 3 & 4 combined - £75,000 per annum exclusive

All figures indicated are exclusive of VAT.

Incentives may be available depending on the length of commitment made.

OUTGOINGS
The premises are currently assessed as a whole (i.e. Unit 3 & 4 as a combined unit) at a rateable value of £52,500. The current standard rate in the pound multiplier is 47.9 pence (April 2017 to 2018) prior to any transitional relief. If the premises are let separately each unit will need to be reassessed.

LEGAL COSTS
Each party will be responsible for their own legal cost incurred in any transaction.

SERVICE CHARGE
There will be a variable service charge payable to cover the maintenance and up keep of the communal areas of the estate.

PLANNING
The premises have previously been used for light assembly & storage & distribution purposes. Interested parties are advised to contact the Council to ensure that they can be used for their proposed use.

VIEWING
Strictly by prior appointment via the sole agents: -
Peter Clarke & Co LLP – Tel 01926 429400
Contact: - Stephen Werner. Email: swerner@peterclarke.co.uk
Direct Line: 01926 340996