LOCATION

The property forms part of the established Forge Lane Industrial Estate. It is situated on the western side of First Avenue, a spur road off Castle Vale Industrial Estate, where Forge Lane provides direct access on to the A38 Kingsbury Road. Other major industrial estates in the vicinity include Minworth Industrial Park, Erdington Industrial Park, Midpoint Park and The Fort.

Minworth is an established industrial area located 7 miles to the north east of Birmingham City Centre. Minworth enjoys excellent toad communications with Junction 5 and 6 of the M6 approximately 1.5 miles, 3.5 miles respectively to the south. The A38, immediately to the south of the property connects to Junction 9 of the M42 at approximately 2 miles in the east, which provides direct access to the M6Toll motorway.

DESCRIPTION

The property comprises a modern single storey industrial unit constructed during the 1980’s, with integral office accommodation to the front. Construction is of steel portal frame with brick walls and metal profile cladding to the elevations. The eaves height is approximately 6.3m (20ft).

The unit incorporates a 10,000Kg overhead crane, and access to the warehouse is by 2x roller shutter doors. The office specification includes suspended ceiling, recessed diffused lighting, gas fired central heating and double glazed windows. The workshop accommodation is heated by a gas fired hot air blower.

The property benefits from extensive concrete surfaced yard areas with additional parking for approximately 20x cars. The site area extends to 1.03 Acres (0.94 Ha) providing a low site density of approximately 22%.

SERVICES

Mains metered 3 phase electricity, gas, water, and drainage are connected to the property. The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose. The applicant is advised to obtain verification from their solicitor or surveyor.

EPC

D78

FLOOR AREAS

Workshop: 7,638 sq ft (709.6 sq m)

Offices: 1,962 sq ft (182.3 sq m)

TOTAL GIA: 9,600 sq ft (891.9 sq m)

LEASE TERMS

A new FRI type lease for a term of years to be agreed incorporating upward only rent reviews at 5 yearly intervals.

RENTAL

Upon Application.

All rentals etc are quoted exclusive of business rates, buildings insurance, utilities, VAT and all other outgoings, etc. Rental is payable quarterly in advance.

BUSINESS RATES

2017 Rateable Value: £43,500

The 2021/2022 business rates multiplier is 0.512p in the £, so accordingly rates payable will be £22,272.

BUILDINGS INSURANCE

The landlord insures the property, and the tenant reimburses the premium.

POSSESSION

Full vacant possession to be offered to a new tenant upon completion of all legal formalities.

VAT

All figures are quoted exclusive of VAT.

LEGAL COSTS

Each party to pay for their own legal costs incurred in a transaction.