For Sale Middle Drove, Marshland St James

 £180,000

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B2 - Heavy Industrial

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Location

Full description

LOCATION
Marshland St James is located approximately 7 miles from the centre of King's Lynn and approximately 5 miles from the centre of Wisbech.

Watlington Station is approximately 6 miles away, with direct links to King's Lynn, Cambridge and London King's Cross.

Wisbech is an attractive historic market town commonly known as the Capital of the Fens.

King's Lynn has a direct rail link to King's Cross via Cambridge in approximately 1 hour 40 minutes.

Downham Market, approximately 8.6 miles away, is one of Norfolk's oldest market towns and has a good range of shops, a busy market on Fridays and Saturdays and a main line railway station to King's Lynn, Cambridge and King's Cross.

DESCRIPTION
This steel portal frame industrial unit of approximately 5,026 sq ft with a circa 0.83 acres (3,400 sq ft) yard area located to the rear and 6 allocated parking spaces located along the side of the unit.

In addition, there is a portable office cabin located to the front of the main roller shutter loading door.

ACCOMMODATION
Office 27.6 sq m (297 sq ft)
Warehouse 466 sq m (5,026 sq ft)

SERVICES
Mains electricity and water are available. The tenant is responsible for all utilities directly with the supplier.

TERMS
£180,000 exclusive of VAT.

The property is being sold on a new 999 year long leasehold or a freehold basis.

The sale is subject to the existing 10 year lease to Hub 4 Parts Ltd dated April 2017 at a starting rent of £14,000 rising in 2019 to £16,000 and again in 2020 to £18,000. Thereafter, the next review is scheduled for April 2022.

OUTGOINGS
Rateable Value £9,800
Rates Payable £4,704

2018/19 Rates Payable 48.0p/49.3p in the £.

VAT
Unless otherwise stated, all prices and rents quotes are exclusive of VAT. Any intending tenant should satisfy themselves as to VAT in respect of this transaction.

OTHER
Money Laundering
The successful purchaser will be required to submit information to comply with Money Laundering Regulations.

Ready to view?

Call our Wisbech Office Office on

01945 583123 Arrange a viewing

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