WITHDRAWN POST AUCTION
Location:
Property located in Syston on the main High Street.
Description:
A single storey, semi detached industrial unit of brick construction with
approximately 11ft eaves height. The unit is approximately 8,911 sqft (828.7 sqm)
on a site area of 0.3 acres. The property is currently let as 2 separate units.
Accommodation:
Unit A (front): 3,320 sqft (308.7 sqm) approx.
Let for 6 years from 22.9.09 at a rental of £11,565 pax, on a
FRI basis with 3 a year rent review.
Unit B (rear): 5,591 sqft (501 sqm) approx.
Let for 6 years from the date of completion at a rental of £18,000
pax. (See notes 1 and 2).
Outside: Car parking to the front and side with a large car park to the rear.
Note:
1. The seller will complete a 6 year lease from the date of completion of the purchase on an internal repairing and insuring basis subject to a photographic schedule.
2. The tenant has an option to break at the end of the third year subject to 3 months prior written notice.
3. We understand that VAT is not applicable on the purchase price.
4. An EPC survey has been instructed and will be forwarded to any interested parties once it is available.
5. Total rental income £29,565 pa exc
Tenure:
We understand that the property is a freehold investment subject to existing leases.
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