About this property

Detailed Description

The site, formerly used for lorry storage and parking, equates to circa 0.767 of an acre and is located to the front of the estate. Office accommodation is provided opposite, which is to be taken in combination. The offices form part of a shared building, providing shared kitchen and WC facilities. Heating and cooling is provided by wall mounted air conditioning units. Plans and additional photography is 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 M40vMotorway. 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) areas.

Yard - 33,439 sq ft (3,106.56 sq m)
Office 912 sq ft (84.73 sq m)

Business Rates

The Rateable Value for the site and offices will need to be assessed. Further information available via the local charging authority

Services

The property benefits from connection to mains water and electricity. None of these services have been tested by the agents.

Viewing

Strictly by appointment with the Letting Agent.

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 current costs are as follows:

Yard area - £0.30 psf
Offices - £0.60 psf

Building insurance will be provided and cost recovered from the tenant. The tenant will be responsible for their own content's insurance. Current cost is £940 per annum.

Terms

The yard area and offices are available on a new lease, with the offices being internal repairing and insuring, at £59,000 per annum, exclusive of other outgoings, subject to contract.