About this property

Detailed Description

The property comprises a self contained terrace of three modern industrial/office/warehouse units with brick and block elevations under a pitched tiled roof.

Internally, each unit incorporates office and WC facilities and have a minimum internal headroom of circa 3.10 m.

Externally each unit benefits from forecourt parking together with an additional overflow parking area.

Location

The units are prominently situated close to the entrance of Ashwellthorpe Industrial Estate and are accessible from the road.

Ashwellthorpe Industrial Estate is located 9.5 miles southwest of Norwich just off the B1113 Road to New Buckenham. There are a variety of occupiers on the estate including Britannia Fire, DC Developments and Sunshine Solar.

Accommodation

The properties provides the following Gross Internal floor area.

Description sq m sq ft
Unit 1 146.1 1,573
Unit 2 131.6 1,417
Unit 3 74.5 802
Total GIA 352.2 3,792

Business Rates

Business rates will be the responsibility of the occupier. The premises have the following previous assessments:-

Description Unit 1 Unit 2 Unit 3
Rateable Value £8,000* £7,900 £3,700

*Please note this assessment has been deleted from the VOA and interested parties will need to contact South Norfolk Council for further information.

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

VAT

It is understood that VAT is not applicable.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Terms

The Property is available freehold with vacant possession of U2, and the benefit of separate leases of U1 & U3. Unit 1 is let to Fibretek Composites Ltd on an unbroken 6 year lease dated 1st November 2024 at a rent of £12,500 pax on full repairing and insuring terms (subject to a Schedule of Condition), incorporating an upwards only rent review at 3 years, contracted out of Landlord & Tenant Act 1954.

Unit 3 is let on a 3 year lease dated 27th January 2014, now holding over, at a rent of £3,000 pax on internal repairing terms. This unit is now considerably under rented.

U2 is available to let on a new FRI lease at a quoting rent of £12,500 per annum exclusive.