LOCATION

Unit 5 is situated on a small development of 9 light industrial units on Love Lane Industrial Estate, a well-established industrial area in Cirencester, approximately 1 mile from the town centre and having good access to the town’s ring road and M4/M5 motorways.

DESCRIPTION

The premises comprise a mid-terraced light industrial building of steel portal frame construction, with pitched corrugated steel roofing and block elevations with cladding over.  There is a roller shutter door to the front for vehicular access and a pedestrian door.  The unit has a kitchen area and w.c.

There is also a Portakabin within the unit, with power supply connected. 

RENT

£15,500 per annum exclusive and payable quarterly in advance on usual quarter days.

It is understood that VAT is payable in addition to the passing rent.

LEASE LENGTH
A new lease is available for a term of 6 years, to be excluded from the security of tenure provisions of the Landlord and Tenant Act 1954.

RENT DEPOSIT

The sum, equivalent to 3 months rent shall be required and will be held, by the landlord’s solicitor, in an interest-bearing account for the duration of the lease.

RENT REVIEW

This will take effect from the 3rd anniversary, upwards only.

SERVICE CHARGE

A service charge of approximately £504 is payable for the maintenance of the common yard area.

REPAIRS

Full repairing liability.

INSURANCE

Landlord insures building, tenant reimburses.

USE CLASS
We understand the Use Class is B1 and/or B8, however, interested parties are advised to make their own enquiries of Cotswold District Council.

BUSINESS RATES

Rateable value:  £ 9,700    Rates payable:  £4,306.80 in 2007/2008

LEGAL COSTS

Incoming tenant shall be liable for all legal costs associated with this transaction.

VIEWING

Strictly by appointment through Agents, Moore Allen & Innocent 01285 648104.

LOCAL AUTHORITY

Cotswold District Council, Trinity Road, Cirencester, Gloucestershire GL7 1PX.
Telephone:  01285 623000.

Moore Allen & Innocent for themselves and for the vendors or lessors of this property whose agents they are give notice that:

the particulars are set out as a general outline only for the guidance of intending purchaser or lessees, and do not constitute, nor constitute part of, an offer or contract;
all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; no person in the employment of Moore Allen & Innocent has any authority to make or give any representation or warranty whatsoever in relation to this property.