NOW SOLD - 39 Hoylake Road

Description

The property comprises a purpose-built industrial premises of steel portal frame with a concrete block inner skin and brick outer skin under a pitched fibre cement roof.  The premises have been split into 3 bays, each accessed from North Farm Road via a small concrete surfaced yard with further pedestrian access available from Hoylake Road across a concrete surface car park.

Internally, the premises have been subdivided and benefit from being fitted out to provide offices to part of the ground floor with a mezzanine level above.

Nearby occupiers include a number of motor industry affiliates including servicing, transport and sales as well as various engineering firms.

Accommodation

In more detail the accommodation comprises

Ground             Industrial         387.3 sq m       (4,167 sq ft)

Mezzanine        Office / Stores  63.2 sq m         (680 sq ft)

Terms

The premises are offered For Sale at a guide price of £200,000 for the long leasehold interest expiring in 2077 at a current ground rent of £1,850 per annum.

Rateable Value

The new occupier will be responsible for the payment of Business Rates at the property.  The premises are listed within the Rating List as ‘Workshop & Premises’ with a Rateable Value of £14,000 (Source VOA website), although the premises will require reassessment should a change of use take place, the new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.

Tenure

The property is offered for sale on a long leasehold basis with a remaining term of 55 years at a ground rent of £1,850 per annum.