4 Handlemaker Rd 10,325 SF Vacant Industrial Building Frome BA11 4RW $1,061,318 ($102.79/SF)

INVESTMENT HIGHLIGHTS

  • Easily accessible
  • Finished to a high standard
  • Detached workshop unit

EXECUTIVE SUMMARY

The Freehold is offered with Vacant Possession of the entire ground floor workshops and offices, bar for one small “reception” office (192 sq ft) which is held along with the entire self-contained first floor offices under and with the benefit of a three-year Lease to a good covenant tenant. Unless the buyer elects to seek to re-negotiate/extend the Lease then it will remain that the self-contained office suite will continue to be let on a full repairing and insuring (equivalent lease) for a term of 3 years from 1st January 2022 at a passing rent of £19,000 per annum, exclusive. Permitted Use as Offices. Excluded from Sections 24-28 of the Landlord & Tenant Act 1954, Part II. No break-clauses or reviews between now and expiry.

PROPERTY FACTS

Price $1,061,318
Price Per SF $102.79
Sale Type Investment
Tenure Freehold
Property Type Industrial
Property Subtype Service
Building Class B
Rentable Building Area 10,325 SF
No. Stories 2
Year Built 2009

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Ground
  • 8,045 SF
  • Industrial
  • Partial Build-Out
  • Now

A detached workshop unit comprising steel portal frame construction with concrete blockwork, brick and profile sheet clad elevations and concrete floor housing Ground floor workshop units along with a substantial self-contained office unit on the First floor, finished to a high standard. Noting that the Ground floor is in the process of being cleared such that it will be suitable for a variety of manufacturing uses or warehouse and other commercial uses (subject to planning). The First-floor accommodation is currently let as self-contained office space, finished to a high standard and under lease through to December 2024 (and it is understood that the tenant would be willing to consider a new lease should vacant possession of the whole building not be the preferred option of the buyer).

  • 1st Floor
  • 2,280 SF
  • Industrial
  • Partial Build-Out
  • Now

A detached workshop unit comprising steel portal frame construction with concrete blockwork, brick and profile sheet clad elevations and concrete floor housing Ground floor workshop units along with a substantial self-contained office unit on the First floor, finished to a high standard. Noting that the Ground floor is in the process of being cleared such that it will be suitable for a variety of manufacturing uses or warehouse and other commercial uses (subject to planning). The First-floor accommodation is currently let as self-contained office space, finished to a high standard and under lease through to December 2024 (and it is understood that the tenant would be willing to consider a new lease should vacant possession of the whole building not be the preferred option of the buyer).

Space Size Space Use Condition Available
Ground 8,045 SF Industrial Partial Build-Out Now
1st Floor 2,280 SF Industrial Partial Build-Out Now

Ground

Size
8,045 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

1st Floor

Size
2,280 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now
  • Listing ID: 32876620

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 4 Handlemaker Rd, Frome BA11 4RW