About this property

Detailed Description

0.318 of an acre of hardstanding storage yard located to the front of the estate together with self-contained office accommodation, fitted to a good standard comprising modern kitchen and separate male and female WC facilities. Heating and cooling to the offices is provided by wall mounted air conditioning units.

Plans of the site and offices are available upon request.

Location

Cherwell Valley Business Park is conveniently located just south of Banbury, some 6.5 miles from J11 and 8 miles from J10 of the London to Birmingham M40 Motorway. The A4260 is also in close proximity.

The Business Park is a multi-let industrial estate, with other principal occupiers including The Volvo Group UK Limited, George Varney, Evolution Sport and Uniform Express.

Accommodation

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

Yard - 13,852 sq ft / 1,286.89 sq m
Offices - 2,082 sq ft / 188.40 sq m

Business Rates

Business Rates will be the responsibility of the occupier. The Rateable Value for the Yard is £1,976.06 per annum and for the Offices is £1,910.00 per annum.

Services

The property benefits from connection to mains water and electricity. 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 Joint Letting Agents.

VAT

VAT will be chargeable in addition to the rent and service charge.

Legal Costs

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

Other

There are service charge contributions payable in connection with the upkeep and maintenance of the wider estate, the costs of which are stated as follows:-

Yard - £3,168.44 per annum
Offices - £1,322 per annum

The landlord will insure the building and the cost will be recovered by the tenant.

Terms

The yard and offices are available on a new fully repairing and insuring lease at £53,400 per annum, exclusive of other outgoings and subject to contract.

The site could also be split into two separate elements, comprising part shared office accommodation, together with part of the yard. Further details available via the agents upon request.