Light Industrial For sale

Location

The industrial property market in Hereford has seen steady growth, supported by demand from sectors like advanced manufacturing, food production, and sustainable technologies. Key industrial zones in the area include Rotherwas Industrial Estate, home to over 200 businesses and forming the backbone of Hereford’s industrial activities. Occupiers in the area include S&A Produce, Wyman-Gordon, BMW & Listers Land Rover.

Investment

The Units are of steel portal frame construction, with a pitched insulated roof and full height cladding with eaves heights of 4.25m. The investment opportunity is as follows:

Unit 1
Unit 1 is currently let and the legal paperwork is in the processed of being finalised. It's understood that the Unit is let for £150,000 + VAT on a 10-year term from and including December 1st 2024. The lease includes break clauses & rent reviews in December 2029 & December 2034. The Unit extends approx. 17,782 ft² (1652 m²).

Unit 1A
Currently let on a Full Repairing and Insuring Lease to Taste for Adventure on a 10-year term from & Including 23 March 2018. The lease has been granted with the benefit of the Landlord and Tenant Act 1954 at a commencing rent of £22,400 + VAT. Rent Reviews are every five years reference to the open market. The Unit extends approx. 6253 ft² (581 m²).

Unit 1B
Currently let on a Full Repairing and Insuring Lease to Hereford Contract Canning (HCC) Ltd on a 10-year term from 1st December 2018 at a passing rental of £33,000 + VAT per annum with a RR at the fifth anniversary in reference to open market rent. The lease has been granted with the benefit of the Landlord and Tenant Act 1954 and had a tenant only break clause at the fifth year following 6-months prior written notice. HHC Ltd have an international score of A and risk score of 95. The Unit extends 6630 ft² (616 m²)

The Yard
The Yard is currently vacant and is estimated to extend approx. 0.3acres. We understand this was let previously for £15,000 per annum and is made up of a hard standing surface surrounded by palisade fencing.

Tenure

The property is offered to the open market For Sale of the Freehold.

Rateable Value

TBC

Energy Performance Certificate

Unit 1 - EPC C 57
Unit 1A - EPC B 50
Unit 1B - EPC C 57

Services

All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supplies.

Legal Costs

Each party will be responsible for their own legal costs associated with the property.

VAT

VAT is applicable on the final sale price agreed,

Viewing

To arrange a viewing please contact the commercial Team on commercial@sheldonbosleyknight.co.uk or 01386 765700

Important Notes

We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight. VAT: The VAT position relating to the property may change without notice.