SIZE The unit is approximately 36’ x 28’ (10.97m x 8.52m) with a maximum ceiling height of approximately 14’ (4.26m). Included within this is an office and WC. The unit has access with a roller shutter door as well as personal door and upper storage space above the office block. There are new LED lights throughout and the property has recently been repainted and is scheduled later in the year to be reroofed. The unit is also alarmed and has electric roller shutters to the outside. The gross internal floor area is around 1000 square feet (93m²).
TERMS The property is offered on a new three-year lease at a fixed rental of £ 6750.00 per annum exclusive.
SERVICES Water and electricity (being 3 phase) are provided by sub meters. There is no gas to the units.
RENTS This is payable monthly in advance on the 1st of each month payable by standing order. Prospective incoming tenants will be responsible for the landlord’s legal costs in the preparation of the lease in the sum of £250 plus VAT and will also be responsible for the payment of one month’s rent held by ourselves as letting agents as security deposit for the unit. This is refundable on the basis all bills are paid and the unit is left clean and tidy upon vacation.
VAT We are informed that the rent, deposit and agreement fees are all subject to VAT at 20%.
BUSINESS RATES We understand from Erewash BC that the rateable value of the unit is £4600 per annum. For most small businesses, they will be granted exemption from rates by the local authority.
INSURANCE The landlord insures the block of property on a combined policy annually, and each tenant is responsible for paying the annual insurance premium in addition to the rent. The exact amount depends on the risk associated with the tenant’s business, but as a general indicator this is likely to be in the region of £ 350 per annum.
VIEWING By accompanied viewing arranged with our Long Eaton office. Any further questions please contact Robert Jones.