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.

Description

The unit is of steel portal frame construction, with a pitched insulated roof and full height cladding. Benefitting from full length roller shutter door access, and yard space for parking and heavy goods delivery and extendng appox. 616m² (6630 ft²) gross internal area with an approx. eaves height of 4.25m.

Investment

Unit 1B is 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 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 pricing translates to £82.95 per ft² capital value which indicates a strong reversionary potential.

Tenure

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

Rateable Value

TBC

Energy Performance Certificate

The property has an active EPC of 57 C.

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.