Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

‘Voted by the Estates Gazette Most Active Agent in the East of England 2013 to 2018’

40 Hostmoor Avenue, March,

Cambridgeshire, PE15 0AX

Modern detached industrial unit

Dedicated ground floor reception/office

Self-contained security fenced yard

Roller shutter loading door

Separate male & female WC facilities

Centrally located within March Trading Estate

Price: £500,000

(Rent: £40,000 pa)

Size: 768 sq m (8,250 sq ft)

INDUSTRIAL/WAREHOUSE

FOR SALE (MAY LET) 01480 451578

LOCATION March is a Fenland market town located approximately 20 miles east of Peterborough, 6 miles south of Wisbech and 20 miles north-east of Huntingdon. The town has a population of approximately 22,000 with an established and comprehensive range of local facilities and retailers. The property is located off Hostmoor Avenue, the principal industrial area serving March and the wider area, located approximately 1 mile north of the town centre with convenient access off the A141. There are several substantial occupiers in close proximity to the building including Tesco Superstore, Smurfit Kappa, Ridgeons Building & Timber Supplies, B & M Retail and March Foods as well as several local industrial occupiers.

DESCRIPTION The property comprises a detached modern industrial building of steel portal frame construction with insulated profile steel cladding to the exterior, with red brick cladding to the front office and reception at ground floor level. The roof is of insulated profile steel cladding and incorporates roof lights at regular intervals.

FLOOR/SITE AREAS

All measurements above are approximate

PLANNING

The property benefits from B1, B2 & B8 industrial workshop uses. Interested parties should satisfy themselves in this regard.

SERVICES Mains 3-phase electricity, water and drainage are available to the premises. Interested parties are however advised to make their own enquiries of the relevant service providers. Often, where buildings are vacant, services can be disconnected so no warranty can be given in respect of the connection, condition or working order of services, fixtures and fittings.

BUSINESS RATES

We understand from internet enquiries made from the VOA website that the property has a rateable value of £27,500. For the year commencing 1 April 2019 rates will normally be charged at 50.4p in the pound if the RV is £51,000 or more, and 49.1p if the RV is below £51,000. However, the amount payable may be affected by transitional adjustments or reliefs that may be applicable. Interested parties are advised to make their own enquiries directly with the local council.

PRICE The price will be £500,000 for the freehold with vacant possession on completion.

RENT £40,000 per annum by way of a new lease on terms to be agreed.

VAT We understand that VAT is payable in respect of this property.

LEGAL COSTS Each party is to be responsible for their own legal costs incurred in connection with this transaction.

EPC The property has an EPC of D (93). A copy of the EPC is available on our website.

VIEWING Strictly by appointment with the sole agents:-

Barker Storey Matthews 150 High Street, Huntingdon,

Cambs PE29 3YH Contact: Stephen Power

srp@bsm.uk.com (01480) 451578

7C1248.V1 190326

Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Ground floor 741.42 sq m (7,981 sq ft)

Office mezzanine 26.7 sq m (287 sq ft)

Total NIA: 768.12 sq m (8,268 sq ft)

Mezzanine storage platform 77.72 sq m (837 sq ft)

Total site area: 0.221 hectares (0.545 acres)

ORDNANCE SURVEY PLAN

THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED.

THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM PART OF ANY CONTRACT. LICENCE NO. 100003928