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Eastwood End, Wimblington

£350,000 | For Sale

B1 - Light Industrial, B8 - Warehouse / Distribution, Commercial

BedroomsStudio    
  • Eastwood End, Wimblington
  • Eastwood End, Wimblington
  • Eastwood End, Wimblington
  • Eastwood End, Wimblington
  • Eastwood End, Wimblington
  • Eastwood End, Wimblington

Full Details:

• Prominent Commercial Premises
• Multi-Occupancy Site
• Part Investment, part Vacant
• Potential for additional Unit
• Prominent Location
• For Sale as a Whole
• EPC Rating C


LOCATION
The property is prominently located on the outskirts of Wimblington, on the A141, south of the Fenland market town of March.

DESCRIPTION
The property comprises a multi-occupancy industrial premises of timber frame construction with pitched roof. To the front of the property there is a concrete surfaced yard area providing parking and manoeuvring space.
The property is currently divided into four self-contained units, each with WC facilities, with a further communal storage area at the rear, which offers scope for further development of the site.

ACCOMMODATION
Unit 2
Warehouse 117.9 sq m (1,269 sq ft)
Office 1 8.1 sq m (87 sq ft)
Office 2 9.2 sq m (99 sq ft)
Office 3 17.3 sq m (186 sq ft)
Office 4 18.2 sq m (196 sq ft)
Kitchen/Mess Room & WC

Unit 3
Warehouse 171.5 sq m (1,846 sq ft)
(in two parts and part below mezzanine area (2.44 m clearance))
Store 4.8 sq m (52 sq ft)
Office 9.4 sq m (102 sq ft)
Mezzanine 29.0 sq m (312 sq ft)
WC

Unit 4 (same Occupier as Unit 8)
Warehouse 79.4 sq m (855 sq ft)
Office 25.1 sq m (270 sq ft)
WC

Unit 6
Warehouse 90.0 sq m (969 sq ft)
Office 13.5 sq m (145 sq ft)
WC

Unit 7
Open Store 329.0 sq m (3,541 sq ft)

Unit 8 (same Occupier as Unit 4)
Warehouse 87.5 sq m (942 sq ft)
Office 18.3 sq m (197 sq ft)

AMENITIES
Each unit benefits from a WC

SERVICES
Mains drainage, water and electricity are understood to be connected. Interested parties are advised to make their own enquiries of the relevant utility companies and drainage authority.

TERMS
The property is offered For Sale freehold as a whole, subject to the existing tenancies. All units are currently occupied. Current total rental income is £16,060 + VAT per annum.

OUTGOINGS
Rateable Value (2015 List):
Units 1 & 6 £4,900
(Unit 1 is not included in the sale, however it has been rated with Unit 6).
Unit 2 £4,350
Unit 3 £4,050
Units 4 & 8 £4,250
Unit 7 £2,850

2017/18 Uniform Business Rates: 46.6p in the £

Interested parties are advised to make their own enquiries of the local Rating Authority (Fenland District Council, Fenland Hall, County Road, March, Cambridgeshire PE15 8NQ Tel 01354 654321) as to the current rates liability.

VAT
The property has been elected for VAT. As such, VAT is chargeable on the rent and VAT will be payable in addition to the purchase price.

LEGAL COSTS
Each party will bear their own legal costs incurred in the transaction.

PLANNING
The current use of the property falls within Use Classes B1 (Business) and B8 (Storage or Distribution) as defined by the Town and Country Planning (Use Classes) Order 1987 (as Amended).

VIEWING
Strictly by appointment with the Agent.