Overview
The Premises offer high quality, purpose built accommodation with flush smooth steel profile cladding and double glazed elevations. Internally, the Unit offers Ground Floor Factory Area accessed via double glazed entrance doors. There is also a separate personnel entrance leading to internal Lobby to access either the Factory or stairs to First Floor Offices. To the rear of the Ground Floor is a Disabled Compliant WC and second WC with stairs leading to First Floor WC, Kitchen Stores and Offices. The Offices are finished to a high standard with feature large windows providing excellent natural light.
The Opportunity
Specialist Building Distribution Ltd T/A Shepherds (Company reg no 02599297) is a wholly owned subsidiary of the Epwin Group PLC. Shepherds have been in occupation since 2008.
Tenure
Freehold for sale subject to a lease to Specialist Building Distribution Ltd T/A Shepherds (Company reg no 02599297) at a rent of £42,875 pax on a new full repairing and insuring lease for a term of 10 years expiry 5th February 2034 with upward only rent review on the 5th anniversary.
It Is considered that the passing rent is below OMV in the region of 10%
Size
Amenities
Location
Brampton Business Park is located on the established Hampden Park Industrial Estate approximately 2 miles north of the Town Centre with immediate access to Cross Levels Way, the main arterial road into the Town Centre. The Property lies less than half a mile away from the Polegate Bypass, with fast and direct access to the A27 routes both East and West (to the M23) plus the A22 to London. Hampden Park mainline railway station is also approximately 500 yards from the premises with direct trains to Brighton, Gatwick and London Victoria.
Rent
Business Rates
According to the Valuation Office website the premises are described as:
Warehouse and premises
Rateable Value: £36,500
(All interested parties are advised to make their own enquiries with the Local Authority).
VAT Details
The Sale will be way of TOGC
Legal
Each party is to be responsible for their own legal fees.
Terms
Price
Offers in the region of £612,500 representing a yield of 7% for the Freehold subject to the existing lease.
The Sale will be way of TOGC
