Reversionary Virtual freehold industrial investment with income of £39,100 per annum. Offers Invited for the Long Leasehold Interest.

Key Points

• 999 year Long Leasehold Industrial Investment
• Passing rent £39,100 per annum ex. VAT
• Open market rent review 2030 & lease expiry 2035
• 8 Allocated parking spaces
• approx. 6.5m eaves height

Description

A self-contained industrial / warehouse unit on the established Crendon Industrial Park, providing approx. 3,878 sq ft (360.3 sq m) GIA plus mezzanine.
The accommodation comprises approx. 3,325 sq ft of ground floor warehouse and ancillary space together with approx. 553 sq ft of first floor offices and mezzanine floor 1,766 Sq ft (excluded from the overall measurement).
The unit benefits from an eaves height of approx. 6.5m, a roller shutter loading door and eight allocated parking spaces.
The 999 year long leasehold is offered for sale subject to the existing occupational underlease to Bearing Traders Limited at a passing rent of £39,100 per annum, providing secure income and scope for rental growth at the 2030 review.

Location

Crendon Industrial Park is an established business location on the edge of the village of Long Crendon in Buckinghamshire, approx. 2 miles north-west of Thame and within easy reach of Aylesbury and Oxford.

Terms

PRICE ON APPLICATION

Rates

The property lies within the rating area of Aylesbury Vale District Council, according to which the rateable value is as follows:

Rateable value - £35,750

Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquiries for clarification.