Comprises a semi-detached Factory / Warehouse building currently split up to provide a front factory/warehouse with high-quality offices interconnecting with the rear warehouse area accessed via its own electric roller shutter loading door. The building benefits from a front forecourt & rear yard for parking & loading.
The Front Warehouse & Offices are let to Work and Wear Direct Ltd on a Full Repairing & Insuring lease for a term of years to expire September 2025 without further rent review. The lease is outside the security of the Landlord & Tenant Act 1954. The current rent is £35,000 pax. The rear warehouse is let to Work and Wear Direct Ltd on an informal agreement at a current rent of £30,000 pax.
Total Income from the entire building £65,000 pax.
The property is held on a lease for a term of 99 years from 26th May 2015 at a Ground Rent of £100.00 per annum.