Located c.3 miles from Junction 10 of the M1 motorway

Modern warehouse c.311.5 sq m with large, secure yard - total site

area 1.5 acres

Nearby occupiers inc. Airparks and Citroёn service garage

Available by way of assignment or sub-lease of existing lease

expiring 31st July 2021

Rent £65,000 p.a.

TO LET

Grove Road, Slip End, Luton, LU1 4BX

TO LET

Grove Road, Slip End, Luton, LU1 4BX

LOCATION/DESCRIPTION

The property is located in the village of Slip End which is situated approximately 2.5 miles from the centre of Luton. The premises are within a short distance of the M1 motorway and Luton airport and are accessed via an estate road off Grove Road, with nearby occupiers including secured off-airport car park operators and a Citroёn service garage.

The property itself comprises a large secured yard together with warehouse. The warehouse is of steel portal frame construction having profile metal clad elevations and pitched roof. The specification includes a concrete floor, 3 phase electricity, sodium downlights, minimum 10% translucent roof panels and manual roller shutter door.

The yard comprises a mix of tarmac/concrete and hardcore surface. A good quality modular office building is also present on site and may be available via separate negotiations.

We understand the property currently has planning consent for B8 (storage & distribution).

ACCOMMODATION

Warehouse GIA 311.5 sq m (3,352 sq ft)

DISPOSAL/LEASE TERMS

The premises are available To Let as a whole by way of either an assignment or sub-lease.

The current lease is due to expire on 31st July 2021 and is subject to a rent review on 31st July 2016. The current rent payable is £65,000 per annum.

RATEABLE VALUE

The tenant will be responsible for the payment of rates at the property. The premises are listed within the Rating List as ‘Land used for storage & Premises’ with a Rateable Value of £50,000. (Source VOA website)

ENERGY PERFORMANCE RATING: Awaiting Confirmation

LEGAL COSTS

The ingoing tenant will be responsible for all reasonable legal costs incurred together with any Stamp Duty Land Tax that may be payable.

FURTHER INFORMATION AND TO VIEW

Contact Ed Chisholm ed@scotts-property.co.uk 07802 927280

Offices: 12 Town Hall Street, Grimsby, DN31 1HN and 94 Alfred Gelder Street, Hull, HU1 2AN CS.6312Disclaimer: Scotts, a trading name of Scotts Property LLP, gives notice that: i) these particulars are a general outline only, for the guidance of prospective purchasers/occupiers and do not constitute the whole or any part of an offer or contract; ii) all descriptions, dimensions, references to condition and necessary permissions for use or occupation and other details contained herein are given in good faith and interested parties should not rely on them as representations or statements of fact and must satisfy themselves as to their accuracy; iii) they will not be liable in negligence or otherwise for any loss arising from the use of these particulars; iv) no representative of Scotts has any authority to make or give any representation of warranty or enter into any contract whatsoever in relation to the property; v) all prices and rentals quoted are exclusive of VAT.