The entire site, which comprises five separate parcels of land divided by adopted highways totals approximately 11.29 hectares (27.9 acres) and results in an overall site density of approximately 34%.

To the south of units 56-61 is a plot of land (shaded blue on the site plan) totalling 0.82 hectares (2.02 acres) which is suitable for development, subject to planning.

Freehold.

The principal estate roads on the property are adopted and consequently maintained by the Highways Authority.

The property is let to 38 tenants by way of 53 leases as outlined in the tenancy schedule. The total rental income is currently £2,113,522 per annum, averaging £5.29 psf on the let accommodation and provides an average income weighted unexpired term of 4.52 years to lease breaks and 5.96 years to expiries. The vacancy rate on the estate is currently 3.3%.

Most of the leases are held on FRI terms although in some instances tenant’s repairing obligations are limited by way of a schedule of condition where specified in the tenancy schedule. Many of the tenancies benefit from guarantors and rent deposits, of which the latter totals £89,243 per annum. 

Copies of the leases and title documentation are available on a data site for which password access can be provided upon request.

The service charge budget for the year to 31/03/2015 is £149,617 (£0.37 psf). Full details of the service charge are available upon request.

The vendor has carried out substantial pre-sale due diligence and can provide the following surveys to be available for assignment to the purchaser.

• Measured Survey undertaken by Armada Surveys Ltd.
• Environmental Survey undertaken by WSP.
• Building Survey undertaken by BSVP Building & Project Consultants.

The surveys listed above along with the relevant title and lease documents, as well as further information on the service charges and EPCs are available on a secure data site for which password access can be provided on request.