Price:
Freehold - £179,500
Location:
Staffordshire , Stafford, Stafford
Business Type:
Commercial Property
Description
The premises comprise two adjoining brick/ blockwork workshops. The premises benefit from two metal manual roller shutter doors (4m high and 3m wide), 185sft (17.21sm) of
integral office accommodation and welfare facilities.
Accommodation
Gross Internal Floor Area 2,507sft (232.88sm) Total area or both units. The accommodation has been measured in accordance with the RICS code of measuring practice to Gross Internal Floor Area.
Services
Electricity, gas and mains water and drainage are available. It is understood that gas is subject to reconnection. Services have not been tested by the agent.
Lease Summary
Tenant Messrs Majer t/a E M J Motor Services
Demise Unit 5 and Unit 6 Verulam Court, Stafford (held under two separate leases on the similar terms).
User Motor repairs
Initial Occupation of Premises 1st July 1985 for a period of 24 years.
Renewed Lease Commencement Date 1st July 2009
Lease Term 15 years – expiring 30th June 2024
Rental £14,000pax total (£7,000pax per unit)
Rent Review Dates 30th June 2012 and three yearly thereafter
Break Clauses On review dates subject to six month’s prior written notice
Asking Price
The asking price has been reduced to £179,500 for the freehold interest in the premises subject to the existing tenancy.
VAT & Stamp Duty
Price is quoted exclusive of VAT. The Purchaser will be responsible for Stamp Duty Land Tax (if applicable). Prospective Purchasers should seek legal advice on the impact of
VAT and Stamp Duty Land Tax on this transaction.
Legal Costs
Each party will bear their own legal costs in this matter.
Viewing
Strictly by appointment with Robertson Surveyors. Please contact Sarah Plant on 01782 714004 or sarah@robertsonsurveyors.co.uk.
Units 5 & 6 form part of a well established and popular development off St Albans Road, Stafford, being approximately one and a half miles north of Stafford Town Centre.
Junction 14 of the M6 Motorway is 2 miles distant.
North Yorkshire
£ 750,000
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