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Gloucestershire Business News

To Let: 2,800 sq ft Workshop Fosseway Busines Park

Viewing via sole agents: BANKIER SLOAN

Sugarswell Business Park, Shenington, Banbury, Oxon, OX15 6HW

Tel: Moreton-in-Marsh 01608 652888, Banbury 01295 688384, Mobile: 07831 338111

email:reception@centre-p.co.uk, www.centre-p.co.uk

TO LET: Workshop, Moreton-in-Marsh,Unit 2, Fosseway Business Park, Stratford Road GL56 9NQ. Located on the A429. Adjacent to the railway station.

2,800 sq ft @ £16,000 per annum plus VAT

An excellent 2,800 sq ft workshop, located on Fosseway Business Park, Moreton-in-Marsh, which is both busy and centrally located in this delightful, popular Gloucestershire town that attracts both the local community and tourists.

With good rail and road connections this unit, which in the past has been used as an engineering workshop, would be ideal for a wide variety of businesses. This accommodation is being offered on a new three or six year lease, at an initial rent of £16,000 per annum plus VAT. In addition to the rent the following costs will be incurred by an ingoing tenant:

Annual service charge - 5% of the passing rent.

Annual insurance - £800 plus VAT perannum initially.

This property has a Ratable Value of £9,200 with Rates Payable of £2,375 for this financial year. However,

from April 2017 the Rateable Value will become £10,250 and therefore, if this is an occupiers only commercial property, NO rates will be payable as an ingoing tenant will be able to claim 100% relief under the governments Small Business Rates Relief scheme.

See http://www.centre-p.co.uk/Small_Business_Rates_Relief_2016_2017.pdf

Legal Fees:The ingoing tenants will be asked to contribute £400 plus VAT towards our clients legal fees, this sum to be paid as solicitors are instructed.

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