Key Information
- 128,370 sq ft (11,926 sq m)
- 26 Units all let, producing a current net income of £707,064 pa rising to £747,064 pa
- Majority of the units have been refurbished
- Price: £11 million
- Price: £11 million
A total of 26 industrial units that vary in age and design. The units are all constructed in lower level brick and blockwork, with higher levels of insulated cladding around portal frames. Internally, each unit provides clear and unencumbered accommodation with roller shutter access out onto individual yards. The units have a mixture of single and two storey office accommodation, with the usual arrangement of WCs and kitchen facilities. Many of the units have been combined, particularly Blocks 2, 3, 4, 6 and 7 and are all occupied by TruFrame Ltd. There are two plots of land on site; one providing secure car parking for TruFrame. The other, a former concrete batching plant.
Location
Melton Mowbray is a busy market town lying some 19 miles north of Leicester, 20 miles to the southeast of Nottingham, and approximately equidistant between the A1 and A46, some 8 miles away. The estate lies off the B676 Saxby Road, 2 miles to the east of the town centre within a wider industrial area. Saxby Road provides a direct route to the A1 at Colsterworth. The closest access to the M1 would be J26 at Nuthall to the north of Nottingham. Within the Town, major occupiers include Mars Petcare UK, manufacturers of animal feed and pet food, food manufacturer, Samworth Bros and Pera, market leaders in marketing and research.
VAT
The properties are elected for Vat. The transaction is likely to be treated as a Transfer of Going Concern (TOGC), provided HMRC requirements are met.
Service Charge
The leases make provision for a service charge to recoup landlord's expenditure on common parts.
EPC
See Brochure for EPCs
Viewing
Viewings are by appointment with Innes England.
Legal Costs
Each party is to bear their own legal costs incurred.