Solomon Park – Cossall – Unit 1

A detached modern industrial unit with eaves heights of 4.75m including:-

• Entrance Lobby
• 2 no. Ground floor offices
• Kitchen/Canteen
• 3 no. first floor offices
• Works floor area
• Toilets
• Electric heating to offices and toilets
• Fully insulated walls cladding and roof
• Manually operated insulated sectional main access door

Services:

Mains water, electricity and telecom are available and connected to the property.

Town & Country Planning

Class B1 (light industrial) with an automatic change of use under the General Development Order 1988 to Class B8 (storage and distribution).

Rates

Rates will be payable to Broxtowe Borough Council.

Tenure

The unit is available by way of a full repairing and insuring lease for a minimum term of three years. Longer term leases can also be arranged with break clauses at intervals to suit individual requirements. Rent reviews are usually every three years with the commencing rent currently set at:

£40,600   per annum exclusive

Service Charge

A service charge equivalent to 9.75% of the rent will be levied to cover the upkeep and maintenance of the building and common parts of the estate. Annual building insurance will also be charged, details available upon request.

Building Insurance

The Landlord will arrange and provide annual building insurance to cover the structure of the building (not contents) and the tenant will be charged for this.

Rent/Security Deposit

A Security Deposit is normally required and will be held by the Landlord in a deposit account until termination of the lease. At this point the deposit will be returned to the tenant less the cost of any remedial work required.

Legal Costs

The tenant will be required to contribute £750 plus VAT towards the costs incurred in documenting the transaction.

VAT

VAT is chargeable in addition to all costs.

Viewing

By appointment please.