TermsThe property represents an attractive freehold investment opportunity, benefiting from an established occupational covenant. The property is subject to a lease agreement to Arnold Engineering Plastics Ltd by way of a 10-year term, which commenced on 5th October 2021 and is due to expire on 4th October 2031. The lease is held on full repairing and insuring terms at a passing rent of: £190,000 PER ANNUM A copy of the lease is available upon request.
Other InformationIn accordance with Money Laundering Regulations, please be aware that any prospective purchaser will be asked to produce I.D. documentation when a sale is agreed and we ask for your cooperation in order to not delay matters.
Legal CostsEach party is to be responsible for their own legal costs.
VATIt should be noted that all figures quoted either verbally or in writing are exclusive of VAT unless specifically stated.
ServicesWe understand that all mains services including water gas drainage and electricity are connected to the property. It should be noted that none of the services have been tested and it is up to prospective occupiers to ensure that the facilities are installed and working to their own satisfaction.