Industrial to let in Union Street, Bilston WV14

Location

The premises are prominently located within the established Springvale Industrial Park being an industrial area on Union Street, Bilston.

The estate is accessed via the A4039 Millfields Road, which leads directly to the A463 Black Country Route.

Approximately 3 miles to the East is Junction 10 of the M6 motorway, with Wolverhampton City Centre being approximately 3.5 miles North-West.

Description

Springvale Industrial Park comprises a mixture of mid range and larger industrial premises, suitable for production, warehousing and a variety of service industries. The subject property comprises a mid terraced Industrial/warehouse unit of steel portal framed construction, reinforced concrete floor, brick/block elevations with high level pvc coated profile steel cladding, and accessed via a large roller shutter door (4.5m Wide x 4.18m High).

Minimum eaves height is 4.4m with a clear internal height of 5.1m. WC facilities, office accommodation, and a mezzanine floor are all installed. To the front of unit is a large shared concrete surfaced forecourt area for loading and parking.

Services

It is believed that all main services including 3 phase electricity, gas, water, and drainage are connected to the property. Interested parties should verify this for themselves. The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose.

Floor areas

Ground floor warehouse and offices: 5,096 sq ft (473.41 sq m)

Mezzanine floor: 673 sq ft (62.53 sq m)

Lease terms

The property is currently held under a lease for a term expiring September 2026, and can be assigned to a new tenant.

Alternatively a new Fri type lease is available directly from the landlord for a term of years to be agreed between the parties. Further details on request.

Rental

Upon Application

All rentals etc are quotes exclusive of rates, utilities, service charge, VAT and all other outgoings, etc.

Rental to be payable quarterly in advance.

Service charge

A variable charge is levied on the unit in order to cover the economic cost of the upkeep and maintenance and management, etc of common parts and facilities. Levied on a fair proportion basis.

Buildings insurance

The landlord will insure the premises with the tenant reimbursing the premium.

Legal costs

Each party to pay for their own costs incurred in a transaction.

Business rates

2023 Rateable Value: £23,500

Possession

Full vacant possession will be offered upon completion of all legal formalities.

VAT

All rentals etc exclude the liability of VAT, which will be chargeable as an addition and at the appropriate rate prevailing.

EPC

D85