Industrial Investment Opportunity

Main Production Facility and Offices Purpose built detached industrial/production unit with attached two storey offices. The main production unit is 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 approx. 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 approx. 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 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

 • 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

. •Tenants option to break on the 31st August 2027

 • 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