Eley Rd

Part vacant possession - of interest to owner occupiers and investors.
This substantial industrial / warehouse property was refurbished in 2015/6 and has loading via two roller shutter loading doors set within the front and rear elevations. Unit 1 incorporates a goods lift, while Unit 2 features an opening in the first floor to provide loading access via fork lift. Part of the first floor of Unit 2 also benefits from a high quality office fit out. Units 1 & 2 currently intercommunicate but would be partitioned prior to completion.
Our client will consider proposals for the freehold interest subject to vacant possession of Unit 2 and subject to a new fully repairing and insuring lease to Forever Enterprises Limited in respect of Unit 1.
The lease on Unit 1 will be for a 9 year term, with rent reviews at three yearly intervals and a mutual (Landlord & Tenant) break option at the expiration of the third year of the term (Landlord to give 12 months notice, Tenant to give 6 months notice). The initial rent will be £180,000 pa and the new lease would exclude the security of tenure provisions afforded by the Landlord & Tenant Act 1954.