Other Details

Accomodation

Comprising a detached single storey brick built commercial unit of approximately 1,096sq ft (101.82sq m). The premises have historically been used for storage and would suit a variety of occupiers. The building benefits from gated access off a service road approached from Albert Road & has parking for 2 cars immediately outside the unit. There are no toilet facilities or water connected to the unit.

Amenities

• Available on a one-year Lease • Suitable for a variety of occupiers • Roller shutter access • Double width door access

Lease

e unit is available on a one-year Lease and will be contracted outside of the Landlord and Tenant Act 1954.

Rent

£12,000pax paid quarterly in advance. We understand VAT is not applicable.

Rates

Rateable Value 2024/2025:£15,500 Rates Payable 2024/2025: £7,485 per annum Office / Industrial premises – For qualifying businesses, Business Rates are not payable on properties with a Rateable Value up to £12,000. From £12,001 to £15,000 there is tapered relief. If a company occupies a second property where the RV is over £12,001 then relief is lost on the first property although the benefit may remain for a short period. It is a tenant’s responsibility to make their own enquires & satisfy themselves whether they are eligible for rate relief in part or whole.

Legal Costs

The ingoing Tenant is to be responsible for both parties' reasonable legal costs. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of all legalities.

Viewing

Strictly by appointment through agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.com