Industrial Unit

To Let

38 Pennygillam Way Pennygillam Industrial Estate Launceston PL15 7ED

Modern Industrial Unit Close to A30 (2,089 sq. ft, GIA)

OIRO £16,500 PA (no VAT)

Description

The building is of modern construction consisting of concrete block and steel frame with insulated cladding panels. There are skylights set in the roof providing good levels of natural light. The unit is end of terrace and largely open plan but includes an accessible toilet, kitchenette and office. There is a significant shared external yard with vehicle parking in marked bays.

The existing use classes are understood to be B1 (business)/now E(g) and B8 (storage and distribution) although the property could be suitable for various alternative uses (subject to obtaining the necessary planning consents).

Accommodation

The property is accessed from Pennygillam Way, which is the primary arterial route through the estate and has a regular flow of traffic passing. The property is set level with the entrance onto the road within a secure fenced compound to the front and sides which is shared with adjoining units. The building is accessed by pedestrians from the parking area via a personnel door into the office or for vehicles by a roller shutter door (clear width 3m and height of 3.34m) directly to the main warehouse area of the unit (3.94m to eaves and 4.88m to ridge). There is an accessible toilet facility within the main warehouse with an adjoining kitchenette and sink. There is a fire exit door leading to the rear of the warehouse.

Legal Costs

Each party will be responsible for their own legal costs as required.

Price

Offers in the region of £16,500 (no VAT) are sought for the annual rental of the unit. Offers will be considered for the freehold.

Terms

The property is available on an effective full repairing and insuring basis. A maintenance rent of 2.5% of the annual rent will be charged in addition to the rent for the maintenance of common areas and the site generally. The landlord will recover the cost of insurance from the tenant (premium to be confirmed). The landlord envisages a lease term of three years or more. The property should be available with vacant possession from the 1st August 2022.

Business Rates

The current rateable value (RV) is £13,250 The RV is as stated on the Valuation Office Agency (VOA) website service (effective date 1st April 2017). Note the property address is incorrectly listed as 38a online. Information concerning how rates are calculated are available on the Cornwall Council website. It is possible prospective tenants could be eligible for tapered small business rates relief (to be investigated by interested parties as required).

VAT

The property is elected for VAT and as such VAT will be chargeable on the rent.

Subject to Contract

This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.

Viewing Arrangements

Viewings are by appointment only. Contact Phil Wiltshire BSc(Hons) MRICS on:
01208 812 812

For full details please download the PDF Brochure, which also contains some useful links.