Warehouse for sale

SITUATION

The properties are situated on the northern side of Masons Road, an established industrial location approximately a mile from Stratford town centre linking Alcester Road (A442) with Timothys Bridge Road, with the A46 located within a mile north of the property which in turn links to the M40.

DESCRIPTION

The properties comprises an extensive industrial premises built around the 1960s /70s backing onto the canal, together with a smaller workshop/warehouse facing Mason’s Road.

BUILDING 1:

A large detached two bay industrial unit with two storey offices set back behind a tarmac forecourt occupying a site of approximately 1.01 acres. This two bay industrial unit has a single span below a pitched steel portal frame and pitched corrugated sheet roof. Eaves height 2.7 m approx. (8.85 ft).Roller shutter door fronting the main road (height 3.3 m approx (10.82 ft). Width 4.9 m approx. (16.07 ft)

Attached to Building 1 is a modern high bay single storey unit of portal frame construction with a pitched profile sheet clad roof. There is a roller shutter with a width of 3.64 m approx. (11.94 ft) and a height of 3.5 m approx (11.48 ft). Eaves height 6 m approx.(19.68 ft). There is a canopy connected to the roller shutter 102 sq m approx. (1,100 sq ft). Attached, and to the rear of the high bay warehouse, are 5 lock-up garages with offices above (in poor condition) 97.54 sq m approx (1,050 sq ft)

- Warehouse 15,525 sq ft (1,442.24 sq m)

- Offices: 4,446 sq ft (413.02 sq m)

- Modern Warehouse: 3,626 sq ft (336.10 sq m)

- Total GIA floor area 23,597 sq ft (2,191.36 sq m)

BUILDING 2

Situated to the front and side of Building 1 is a small workshop/warehouse which is in poor condition.

- Warehouse: 4,380 sq ft (406.89 sq m)

- Total GIA Floor Area: 4,380 sq ft (406.89 sq m)

OUTSIDE

To the side and rear of Plots 2 and 3 is a gated yard leading to a large car park to the rear.

TENURE

Building 1: A 99 year ground lease from 21 June 1965 – 2064. The current ground rent payable is £800 pax.

Building 2: A 99 year ground lease from 19 October 1964 – 2063. The current ground rent is £440 pax

Stratford District Council own the freehold and have indicated that they would consider granting a new lease for say 125 years on a geared ground rent. Further details from the Agents.

GUIDE PRICE

Offers in the region of £975,000 for the leasehold interest with vacant possession of both buildings. Consideration will be given to a sale of both properties individually.

RATEABLE VALUE

Buildings 1 and 2 are not currently assessed as they are included in an overall assessment with the building next door.

EPC

Available from the Agents

FLOOR PLANS

Available from the Agents

SERVICES

We understand that all mains services are connected.

LEGAL COSTS

Each party will be responsible for their own legal costs in the transaction.

VAT will be payable where applicable..

VIEWING

Strictly by appointment with Tim Cox Associates. Telephone:[use Contact Agent Button].