4H125 3 Edgerley Business Park Details.pub
INVESTMENT
FOR SALE
01733 897722
3 Edgerley Business Park, Challenger Way, Peterborough PE1 5EX Price: £280,000
Size: 353.28 sq m (3,803 sq ft)
Industrial/ Warehouse unit
Let to Datamail DM Ltd at £17,500 per annum
310.76 sqm (3,345sqft) with first floor office of 42.52 sqm (458sqft)
The price reflects a gross yield of 6.25% rising to 7.1%
‘Voted by the Estates Gazette Most active agent in the East of England 2013 - 2017’
Bury St Edmunds
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Cambridge
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Huntingdon
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Peterborough
For the year commencing 1 April 2018 rates will normally be charged at 48.0 pence in the pound on the Rateable Value. Any further enquiries are to be made with Peterborough City Council (01733) 452252.
LOCATION Edgerley Business Park is situated approximately 2 miles east of Peterborough city centre, within easy reach of the Frank Perkins Parkway (A1139) which provides excellent access to the A1(M), A15, A604 and the A47. The estate was constructed and completed in late in 2005 and occupiers include R A Baker Glaziers, Hereward Curtains, Howsafe and Print Solutions.
PROPOSAL The premises are held on a 5 year full repairing and insuring lease by Datamail DM Ltd from 5 February 2016 and terminating on 4 February 2021 at a current rent of £17,500 pax. The rent is considered to be below the current market rental value. Further details on the market rent can be obtained from the agents. The premises are available for sale subject to the lease to Datamail DM Ltd. The premises are held on a 999 lease lease and subject to a fixed ground rent of £100 pa.
DESCRIPTION This unit benefits from a good level of quality offices, kitchen and toilet facilities. The warehouse has 6.2 m to eaves, 10% roof lights and sodium lighting with mezzanine floor storage. (Currently fitted as offices) Loading access to the unit is via an electrically operated sectional up and over door 4m wide x 4.5m high. Externally the unit benefits from concrete loading area and 6/7 block paviour car parking spaces. The premises have an EPC rating of D(83) Copy of the EPC can be viewed on our web site.
LEGAL COSTS Each party is responsible for their own legal costs.
PRICE £280,000 PLUS VAT.
FLOOR/SITE AREAS
VAT
Ground floor 310.76 sqm (3,345 sq ft) First floor 42.52 sqm (458 sq ft) Total 353.28 sq m (3,803 sq ft) All measurements are approximate.
We understand that VAT will be charged on the rent/price.
VIEWING Strictly by appointment with the sole agents:-
SERVICES
Barker Storey Matthews The Lawns, 33 Thorpe Road, Peterborough PE3 6AB Contact: Richard Jones [email protected]
Mains electricity / water / gas are believed to be available to the premises. Interested parties are however advised to make their own enquiries of the relevant service providers. Often, where buildings are vacant, services can be disconnected so no warranty can be given in respect of the connection, condition or working order of services, fixtures and fittings.
SERVICE CHARGE A service charge will be levied for the upkeep and maintenance of the communal areas of the estate.
BUSINESS RATES From internet enquiries made of the Valuation Office web site we understand that the premises have a current Rateable Value of £16,250 (2017Assessment).
‘photo taken before current occupa on ‘ Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
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Cambridge
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Huntingdon
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Peterborough
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. OF
THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM
