Trojan Industrial Estate , Borough Close , Paignton Long Leasehold : £110,000

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LOCATION
The Trojan Industrial Estate comprises some 18 commercial units with good access to the main A3022 Brixham road just behind Asda food store. Communications are excellent with road access to new South Devon link road which offers in turn access to the M5 at Exeter.

DESCRIPTION
A detached industrial warehouse unit situated in this most popular industrial estate.

The accommodation extends to some 89.37m2 (962 sq ft)(measurements taken from the VOA website). There is also a small yard area to the side used to house a storage container.

ACCOMMODATION
Please see floor plans.

TERMS
Lease
The current tenant, A M Doors Ltd, are currently holding over on a full repairing and insuring lease at a current rental of £650 pcm (£7,800 pa). The original term was for 21 years from 1/2/1998 with upward-only rent reviews every 3 years. The vendors have not instigated lease renewal negotiations and will leave these to a purchaser.

Tenure
The property has a long ground leasehold for a term of 999 years less three days from 4th October 1991 at ground rent of £25 pa plus estate service charges. We have not seen a copy of the ground lease and this information has been taken from land registry title number DN306344.

EPC – G (The Landlords will undertake works to ensure a minimum E rating prior to exchange of contracts)

OUTGOINGS
Rateable Value £7,700

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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