About this property

Detailed Description

The units form part of a terrace of similar units of steel portal frame construction with profile steel clad elevations and a profile steel roof. The properties have internal blockwork walls and provide open storage and workshop uses.

Location

Burgess Farm Industrial Estate is situated just outside the village of Middleton Cheney on the A422 Banbury to Brackley road within approximately 2 miles of Junction 11 of the M40 motorway.

Accomodation

The property has the following (approximate) gross internal floor area.

Units 4 & 5 - 380.43 sq m / 4,095 sq ft

Business Rates

Business rates will be the responsibility of the occupier. The District Valuer has valued the units separately; Unit 4 has a Rateable Value of £10,000 and Unit 5 of £7,800. We estimate that the business rates payable will be £8,882 although, as individually rated units, if occupied by separate companies, may qualify for zero business rates if they fall under the current threshold.

Services

We understand that mains electricity and water is available. We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by appointment with the Letting Agent.

VAT

It is understood that VAT is applicable.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the letting.

Terms

A new lease is offered on an internal repairing basis where the tenant is responsible for the internal area including doors and any windows. Leases will be offered on a 6 year term with midterm break option and a midterm rent review.

Service Charge

There is a service charge levied to cover the maintenance of the estate and is currently charged at £0.50 per sq ft.