Specialist commercial property consultants

1 Willowtree Court, Roundswell, Barnstaple, Devon. EX31 3TD

Property information

Status: LETTING AGREED
Price: Confidential agreement
Tenure: Leasehold

LOCATION

The premises occupy a convenient location on the ever popular RoundswellBusinessPark which is located on the southern outskirts of Barnstaple giving easy access to the A361 North Devon Link Road (Atlantic Highway).  This modern business unit is located at the end of a terrace of 5 similar units which include, Restoration & Renovation, TJ Hookway Automotive Technician and Tarka Home Improvements.  Unusually this unit has the benefit of 6 car parking spaces.  To locate the premises leave the A361 at the Roundswell Roundabout headed towards Sainsbury’s.  At the next roundabout turn left SP Roundswell Business Park West and drive past MacDonalds.  Take the first right turn beyond this and follow the road round beyond Loosemore House.  This select development is then located on the left hand side.

THE PREMISES

This development was built around 13 years ago of traditional construction with steel portal frames having part block walls and profile steel wall cladding and roofing panels.  The front elevation has attractive sandstone blocks to 7 feet.  This unit offers 1,550 sq ft with approximately 25% office content.

The Landlord fitted a 7.28kwp solar panel system to offset energy costs which can provide the unit with free electricity with the remainder being sold back to the National Grid.  We are advised that the PV panels produce 7,000 kilowatt units per year (though mostly this is during the summer months).  The premises benefit from maximum head room of 22’8” and minimum eaves height 18’4”.  Access is via an electric roller shutter door providing 12ft width and 17ft headroom.

THE ACCOMMODATION COMPRISES

Overall unit measurement 32.8” x 47’8”. (9.9m x 14.6m)

Maximum height 22’8”.  Minimum eaves 18’4”.  Access via uPVC personal door to Reception Office (30' 11'' x 15' 3'' ) 9.2m x 4.6m fully carpeted,, meter cupboard,  modern suspended ceiling, telephone, PC and powerpoints, freshh - air recerculation unit, electric panel heater fire alarm panel.  Door to Factory Floor.

Kitchen 5’1” x 5’10” single drainer stainless steel sink unit, cupboards and drawers under, water heater.

Ladies & Gentlemans WC facilities.

The main Factory Unit benefits from 2 X halogen lights and clear roofing lights.

THE PROPOSAL

Occupancy is by assignment of an exisitng Lease which expires on the 6th April 2023. There is a tenant option to Break (end the lease) on the 7th April 2020. Alternatively the Landlord may consider offering a new, longer Lease to a suitable tenant. The annual rent is £8,750 (plus VAT). There is a Service Charge of £480 (plus VAT) per annum.

Tenant responsible only for internal repairs and decoration and to maintain the premises in the condition as it is found.

 

SERVICE CHARGE

A fixed Service Charge of £480 (plus VAT) will be levied to cover external and structural repairs and maintenance and repairs to communal parts.

INSURANCE

A fixed charge for insurance of the building of £300 (plus VAT) will be levied on the tenant fixed for the 3-year term.

RENT PAYMENT

If it assists the tenant, the Landlord is happy to receive rent and Service Charge payments on a monthly basis rather than quarterly.

VAT

The property is elected for VAT and thus this will be chargeable in respect of rent and Service Charge.

REFERENCES

The incoming tenant to provide usual bank and trade references.

SERVICES

All mains services are connected including 3-phase power.

BUSINESS RATES

Business Rates Payable 2019/20 approximately £4,560. Small Business Rate relief will apply potentially reducing the rates bill to NIL . Ask us for details.

VIEWING

To view the property contact the Sole Letting Agents who will be pleased to make suitable arrangements

Contact: 01271 378731 Dean Warmington.  Mobile: 07971 830881.

Email : dean@underwoodwarmington.com

Website:  www.underwoodwarmington.com


Business rates

Rateable value: £12,500
Rates payable for 2014/15: £5887.50


Tenure

THE PROPOSAL

Our clients are prepared to offer a new 3-year Lease on concessionary rental terms. 

Rental in year 1 £6,750 per annum (£4.35 per sq ft).

Rental in year 2 £7,750 per annum (£5.00 per sq ft).

Rental in year 3 £8,750 per annum (£5.65 per sq ft)

Tenant responsible only for internal repairs and decoration and to maintain the premises in the condition as it is found.

Our Landlord is pleased to offer a longer lease term if required.

SERVICE CHARGE

A fixed Service Charge of £400 (plus VAT) will be levied to cover external and structural repairs and maintenance and repairs to communal parts.

INSURANCE

A fixed charge for insurance of the building of £300 (plus VAT) will be levied on the tenant fixed for the 3-year term.


Viewing

For an appointment to view please contact:

Dean Warmington
Tel: 01271 378731
Email: dean@underwoodwarmington.com
Mobile: 07971830881


Property reference number

Reference: UW767
 

Important notice

These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.

The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.

Copyright © 2019 Underwood Warmington | All Rights Reserved