£1,950,000
(£62.06/sq. ft)
Industrial for saleMain Production Facility And Offices, Overross Industrial Estate, Netherton Road, Ross On Wye HR9
31,420 sq. ft
Freehold
About this property
Established Commercial Location
31,420 sq ft
Gross Income £164,500 pa Exclusive
Income Producing Investment
Two industrial units that broadly comprise:
Main Production Facility & Offices
Purpose built detached industrial/production unit with attached two storey offices. Main production unit 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 approximately 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 approximately 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 an 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
• A 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.
• A tenants option to break on the 31st August 2027
• A 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.
Parking Availability: Yes.
Main Production Facility & Offices
Purpose built detached industrial/production unit with attached two storey offices. Main production unit 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 approximately 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 approximately 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 an 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
• A 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.
• A tenants option to break on the 31st August 2027
• A 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.
Parking Availability: Yes.
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