Industrial to let in Austin Close, Kingskerswell TQ12

Situation and description

The Oak Tree Business Park is conveniently located just off of the main A380 between Newton Abbot and Torquay at the entrance to Kingskerswell, just 2.5 miles from the Penn Inn roundabout. This provides excellent access to all the main trunk routes such as the A380 dual carriageway to Exeter and the M5 motorway network plus the A38 from Exeter to Plymouth and the A30 to Cornwall. Torquay is approximately 7 miles distant with Newton Abbot town centre about 3 miles away.

Newton Abbot is a busy market town being the commercial centre and heart of the Teignbridge area with a district population of approximately 121,000 extending to some 300,000 within 12.5 miles of the centre. Newton Abbot benefits from a wide catchment area drawing from a large number of small towns and villages in the surrounding area. The Oak Tree Business Park will have a wide mix of users including wholesale / Trade Counter, Light manufacturing, Offices, Showroom and storage making these unit suitable for a variety of uses, subject to any necessary consents.

Accommodation

Brief details of the accommodation with approximate maximum internal dimensions are as follows:-

Workshop 13.30m x 7.0m (43’7” x 23’0”) max
Pair of glazed pedestrian doors with glazed panels over. Electric Roller shutter door adjoining. High level windows providing excellent natural light for a mezzanine floor etc. Power floated concrete floor. Block walls to lower elevations. Maximum eaves height of 6.81m (22’4”) reducing to 5.47m (17’11”) at the front.

To the rear of the units is a Toilet with low level WC suite and wash hand basin. This is also the favoured location should a tenant want to install a kitchen or tea point.

The unit is a shell, but is suitable for the installation of a half or full mezzanine floor if required. This can be used for storage or the construction of an Office / Showroom, subject to the usual consents.

Externally

To the front of the premises is a wide concrete loading and unloading area with parking for up to 2 cars. At the far end of each block is a shared bin storage area.

Rent and service charge

A rent of £12,000 per annum is sought for this brand new Industrial or Trade Counter unit on this sought-after estate. The rent will be payable quarterly in advance by standing order. A service charge is payable to cover the costs of the shared landscaping and shared services. VAT is chargeable on the rent and service charge.

Lease

A new 6 or 10 year Fri lease is available with an upwards only rent review at the end of the 3rd or 5th year. The lease will be contracted outside of the Landlord and Tenant Act 1954.

If the lease is to be taken by a Limited Company, at least one director will be required to act as a guarantor to the lease for the duration of the term. A 3 months’ rent deposit may also be required, full details on request.

Rates

Rateable Value: - To be assessed
The Unit will be assessed once occupied and a Rateable value applied. However, we understand that qualifying businesses may benefit from a rate reduction of up to 100% under the Small Business Rate Relief scheme. For further information please contact Teignbridge District Council energy performance certificate
An EPC has been obtained for the premises, a full copy is available to download from the web site. A summary is shown below. The rating is: A 17

Services

Mains water, drainage and electricity (including 3 phase) are available to the premises. We understand that Fibre has also been brought into the premises offering high speed broadband.

Interested parties are encouraged to make their own enquires with the relevant service providers.

VAT

VAT is payable on the rent and any service charge.

Legal costs

A contribution of £395 plus VAT is required towards the landlord’s legal and administration costs in setting up the new lease.

Viewing

Strictly by prior appointment only with the sole agent, for the attention of Tony Noon Ref (0723)