About this property

Detailed Description

The property is a mid-terraced, newly-built Industrial Unit of steel portal frame construction with brick/block walls covered with insulated corrugated sheet cladding and insulated clad mono pitched roof. Internally, the Unit provides a Workshop with Kitchenette and Disabled/Unisex WC facilities.

The Unit has LED lighting, electric roller shutter door, concrete floor and 3 phase electricity supply. Externally, the Unit benefits from parking to the front for 2 cars and the site has an electric access barrier.

Location

Jessop Park is located in the popular in Brunel Drive Industrial Estate approximately 1.5 miles away from the A1, A46 & A17 junction and approximately 1.4 miles from Newark Northgate Station which provides quick access to London Kings Cross.

Accommodation

The property has been measured on a gross internal basis

Description | Sqft | Sqm
Industrial/Storage Unit| 93.5 | 1,006

Business Rates

Having carried out an online search via The Valuation Office Agency website, Unit 26 is assessed under the 2023 Rating List as a Workshop & Premises with a Rateable Value of £6,800.

Subject to the ingoing tenant meeting certain criteria, it is possible to claim up to 100% exemption from the payment of Business Rates utilising the Government's Small Business Rate Relieve Initiative.

We would recommend that prospective tenants contact Newark and Sherwood District Council to ascertain the level of Business Rates payable in respect of the property and the potential for claiming exemption for part or all of the liability. Tel: 01636 650000.

Services

We understand that the Unit is connected to mains electricity (3 phase), water and drainage. Prospective tenants are advised to check upon the adequacy and provision of services with the relevant Statutory Authorities prior to making an offer to purchase or take a new lease.

Viewing

For further information or to arrange a viewing please contact:

Brown & Co William Gaunt
5 Oakwood Road 01522 504322
Lincoln, LN6 3LH 07919 694235
01522 457800 william.gaunt@brown-co.com

VAT

We have been informed that the landlord has elected to charge VAT on the rent.

Legal Costs

Each party will be responsible for their own legal costs in respect of preparing any new lease negotiated.

Other

TOWN AND COUNTRY PLANNING
We understand that the Unit now falls under Use Class E of The Use Classes Order 2020. For further information in respect of planning related matters, potential tenants are advised to contact the Planning Department at Newark and Sherwood District Council Tel: 01636 650000.

EPC
The property has an EPC Rating of C55, valid until the 17th October 2034.

Terms

LEASE & RENTAL TERMS
Unit 26 Exchange Business Park is to be made available by way of a new effective full repairing and insuring lease for a term to be negotiated at an asking rent of £9,500 P.A.X.

SERVICE CHARGE
The tenants are to pay a fair proportion of the costs associated with maintaining the communal external areas within Jessop Park.