Home :: Search :: Results :: Detailed View

Utility Savings Centre, Choseley Road, Docking, Norfolk. PE31 8LZ

Property Details
Agent Ref No: P1613
Category: For Sale
Investment
Type: Industrial - Warehouse
Offices
Offer Type: Offers in the region of
Price: £450,000.00
Rent: Not Applicable
Yield: Not Applicable
Further Property Details
Date Listed: 2012-05-23
Size: 1204.2 m²
Tenure: Freehold
Min Rental Size: Not Applicable
Property Status: Vacant Now

B2B Commercial Mortgage Quotes

B2B
  • Up to 80% LTV
  • Rates from 1.5% over base
  • Borrow from £50k - £40m
  • NO BROKER FEE!

Description

The property is a modern detached high bay industrial/warehouse building of steel portal frame construction with brickwork and profiled metal claddings with good clear space and an eaves height of 11.30m (37ft).

LOCATION:
Situated at the northern edge of the North West Norfolk village of Docking, with good road access to the A148 North Norfolk Primary road and the A47 Peterborough to Lowestoft Trunk road. Docking is located approximately 10 miles north west of Fakenham and 15 miles north east of Kings Lynn from where there are regular railway services to Cambridge and London Kings Cross

DESCRIPTION:
The property is a modern detached high bay industrial/warehouse building of steel portal frame construction with brickwork and profiled metal claddings with good clear space and an eaves height of 11.30m (37ft); there are two roller vehicle access doors to the eastern frontage of the premises where there is a large area of concrete hardstanding with good levels of vehicle parking. A two-storey former control room within the building is used as an office, mess room and toilet by Alfresco Concepts

ACCOMMODATION:
Vacant Area: 1204.20 sq m (12,962 sq ft)
Alfresco Concepts (UK) Ltd: 1034.64 sq m (11,137 sq ft)
Paul Rackshaw: 100.52 sq m (1,082 sq ft)
TOTAL: 2,339.36 sq m (25,181 sq ft)

RATING:
The Rateable Values are as follows:
Vacant Area: £29,000
Alfresco Concepts (UK) Ltd: £22,200
Rammy’s Scaffolding: to be assessed

SERVICES:
The premises are connected to mains three-phase electricity and water supplies; drainage is shared and located offsite within the adjoining vacant site
There is a single toilet within the premises let to Alfresco Concepts
The building is unheated and has halogen lighting, together with a monitored Red Care security and fire detection system

TENANCIES:
The property is partially let to two different tenants on fully repairing and insuring terms excluding the security of tenure provisions of the Landlord & Tenant Act 1954, summarised as follows:

Alfresco Concepts (UK) Ltd:
Let by way of a 5 year Lease from 01 May 2010 at a current rent of £15,000 per annum payable half yearly in advance

Paul Ramshaw trading as Rammy’s Scaffolding:
Let by way of an annual Licence from 01 Decmber 2010 at a current annual Licence Fee £3,000 per annum

PLANNING USE:
General Industrial – Use Class B2

TERMS:
Offers in the region of £450,000 for the purchase of the freehold interest subject to the terms of the existing tenancies

LEGAL COSTS:
Each party to be responsible for their own legal costs

VIEWING:
Strictly by appointment with the sole agents:
Richard Perkins & Associates