Property Information
Address:
Unit 12, Norman Court, Budlake Road, Exeter, Devon
, EX2 8PY
, Devon
, United Kingdom
Price: Property no longer available.
Size: 1685 sq ft156 sqm
Primary Category: Industrial
All Categories:
Warehouse, Industrial,
Property Ref/Movehut: MH591659
Property Ref/Agent: Unit 12, Norman Court, Budlake Road, Marsh Barton, Exeter, Devon, EX2 8PY
*Please use the agent ref when calling the agent directly.
Property description
Location
Norman Court is situated on Budlake Road, which is on the Marsh Barton Trading Estate (see location plan overleaf). The estate is around 2 miles south west of Exeter city centre, and has good road links to the A30, A38 and M5. A Park-&-Ride bus service links Budlake Road with the city centre, running every 10 minutes at peak times.
Description
The property is a terraced industrial/warehouse unit in a cluster of similar small units. It offers a main high-eaves warehouse space (5.95 metre eaves height) with blockwork ground floor office and mezzanine storage above, plus a WC to the front of the unit.
The specification includes a new manual loading door, sodium spot lighting, and insulated walls and roof. The office has double glazed windows to both the outside and the warehouse, and dado perimeter trunking providing power and data sockets. There are also double glazed windows in the warehouse, and all windows have internal security shutters.
The unit is in excellent decorative order, including painted walls, laminate flooring to the office and a high-quality finishes and newly installed shower in the WC. The unit has allocated parking/loading to the front of the loading door plus shared use of parking spaces on the Norman Court estate.
Accommodation
Approximate Gross Internal Areas as follows:
Warehouse: 1,421sq.ft (132.0 sq.m)
Ground floor office: 132 sq.ft (12.2 sq.m)
Mezzanine: 132 sq.ft (12.2 sq.m)
Total: 1,685 sq.ft (156.5 sq.m)
Terms
Offered by way of an assignment of the existing lease, which is for a term expiring on 30th November 2022 and incorporates a tenant-only break on 1st December 2018 on giving 6 months notice. The passing rent is £10,500 per annum and is subject to review on 1.12.2019. The lease is on full repairing and insuring terms, and an estate charge applies in respect of maintenance of common areas of the estate.
Alternatively, a new lease may be available direct from the Landlord on terms to be negotiated.
Business Rates
The property is assessed in the 2017 rating list as Worlshop and premises with a rateable value of £10,500. The rates payable in the year 2017/18 are understood to be £4,893.00 before any transitional arrangements.
Small Business Rates Relief is available to qualifying companies in respect of this property and would reduce the rates payable in the current year to nil. For details of qualifying criteria, contact the Business Rates department of Exeter City Council on 01392 277888.
VAT
VAT is applicable to the rent and estate charge.
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