£1,950,000
Retail premises for saleNetherton Road, Ross On Wye, Herefordshire HR9
About this property
Established Commercial Location
31,420 sq ft
Gross Income £164,500 per annum Gross
Two industrial units that broadly comprise:
Main Production Facility and Offices Purpose built detached industrial/production unit with attached two storey offices. The main production unit is of steel frame construction with a mixture of facing brickwork and profiled and insulated sheet cladding to the elevations under a pitched, profiled and insulated roof. Features include:
• Eaves heights of 5m & 6.5m
• 2Nr insulated up and over loading doors
. • Attached two storey offices incorporating a mix of open plan and cellular work spaces.
• Staff welfare and WC facilities • Car parking and vehicular circulation areas
• The property has a floor area of approx. 24,165 sq ft (2,244.97 sq m) measured on a Gross Internal Area basis (gia)
Unit 3 A modern detached industrial/storage unit of portal steel frame construction with a mixture of facing brickwork and profiled insulated cladding to the elevations under a pitched, profiled and insulated roof. Features include :
• Eaves height of approximately 6.3 m
• Vehicular access is via a roller shutter loading door.
• 2 storey office incorporating WC facilities.
• Car parking and vehicular circulation areas.
• The property has a floor area of approx. 7,255 sq ft (673.95 sq m) measured on a Gross Internal Area (gia) basis.
Tenure
The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. The properties are let by way of occupational leases to Edmo Limited on the following main terms.
Main Production Facility
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032. • A tenants option to break on the 31st August 2027
• Rent review on 1st September 2027 • Passing rental of £128,500 per annum exclusive.
Unit 3
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032
. •Tenants option to break on the 31st August 2027
• Rent review on 1st September 2027
• Passing rental of £36,000 per annum exclusive. The Tenant Edmo Limited were incorporated in 1978 and are specialists in metal fabrication and aluminium extrusions across a range of industries. Their year-end 2022 accounts demonstrate a turnover of £17,267,000 with a pre-tax profit of £804,000
Main Production Facility and Offices Purpose built detached industrial/production unit with attached two storey offices. The main production unit is of steel frame construction with a mixture of facing brickwork and profiled and insulated sheet cladding to the elevations under a pitched, profiled and insulated roof. Features include:
• Eaves heights of 5m & 6.5m
• 2Nr insulated up and over loading doors
. • Attached two storey offices incorporating a mix of open plan and cellular work spaces.
• Staff welfare and WC facilities • Car parking and vehicular circulation areas
• The property has a floor area of approx. 24,165 sq ft (2,244.97 sq m) measured on a Gross Internal Area basis (gia)
Unit 3 A modern detached industrial/storage unit of portal steel frame construction with a mixture of facing brickwork and profiled insulated cladding to the elevations under a pitched, profiled and insulated roof. Features include :
• Eaves height of approximately 6.3 m
• Vehicular access is via a roller shutter loading door.
• 2 storey office incorporating WC facilities.
• Car parking and vehicular circulation areas.
• The property has a floor area of approx. 7,255 sq ft (673.95 sq m) measured on a Gross Internal Area (gia) basis.
Tenure
The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. The properties are let by way of occupational leases to Edmo Limited on the following main terms.
Main Production Facility
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032. • A tenants option to break on the 31st August 2027
• Rent review on 1st September 2027 • Passing rental of £128,500 per annum exclusive.
Unit 3
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032
. •Tenants option to break on the 31st August 2027
• Rent review on 1st September 2027
• Passing rental of £36,000 per annum exclusive. The Tenant Edmo Limited were incorporated in 1978 and are specialists in metal fabrication and aluminium extrusions across a range of industries. Their year-end 2022 accounts demonstrate a turnover of £17,267,000 with a pre-tax profit of £804,000
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