Industrial/Potential Trade Counter

To Let Let Agreed

Unit – 4b Pennygillam Way Pennygillam Industrial Estate Launceston Cornwall PL15 7ED

Modern industrial/trade counter unit (approximately 1,878 sq.ft. NIA)

£14,000 plus VAT per annum

Sought after prominent location on Pennygillam Way close to A30

Description

The building is of modern construction consisting of concrete block and steel frame with composite panels. The walls are rendered externally at ground floor and of insulated powder coated metal sheeting at higher level. There are skylights set in the roof providing good levels of natural light. An office and reception/trade counter extension occupy the front of the unit and there is a significant external yard with parking for approximately 8 vehicles.  The existing use class is understood to be Class B2 (general industrial) although the property would 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 constant busy flow of traffic passing. The property is set down below the road within a secure fenced compound which is shared with an adjoining unit. The fence and advertising frame to the front of the unit together with the top of the building can be used for advertising (subject to planning rules). The building is accessed by pedestrians from the parking area via a short ramp leading to the trade counter/reception area or for vehicles by a large electric roller shutter door (clear width 3.80m and height of 4.06m) directly to the main area of the unit. The trade counter/reception area leads to an office and enlarged toilet facility and kitchenette. There is a door linking the main area (5.3m to eaves and 7.3m to ridge) to the other areas. There is a fire exit door leading to a small fenced area to the rear of the unit which could potentially be used for additional outdoor storage.

Legal Costs

The prospective tenant will pay the landlords reasonable legal costs in respect of preparation of the lease. Subject to a maximum of £1,000 plus VAT.

Price

£14,000 plus VAT for the annual rental of the unit. The property is available with vacant possession.

Terms

The property is available on a full repairing and insuring basis. The landlord will recover the cost of insurance from the tenant (estimated premium to be confirmed). The landlord envisages a lease term of three years or more and rent is to be paid quarterly in advance.

Business Rates

The current rateable value (RV) is £11,500 and rates payable are £TBC (2018 to 2019). The RV is as stated on the Valuation Office Agency (VOA) website service (effective date 12th April 2017). Information concerning how rates are calculated are available on the Cornwall Council website. It is possible prospective tenants could be eligible for small business rates relief (to be confirmed with Cornwall Council prior to agreeing terms).

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.