INDUSTRIAL/WAREHOUSE SPACE TO RENT

Description:

LOCATION
The premises are located on the nationally-renowned Meridian Business Park, which is situated adjacent to the M1/M69 motorway interchange on the western outskirts of Leicester City. The City Centre lies four miles to the north-east, whilst excellent shopping facilities, including Asda and Sainsbury's, are available at the nearby Fosse Retail Park. The property itself occupies a prominent location at the junction of Meridian East and Centurion Way within the heart of Meridian Business Park.

DESCRIPTION
The property is fully detached, being constructed of a steel portal frame with insulated and clad walls under a shallow-pitched, insulated roof incorporating translucent perspex panels for improved natural light. The two-storey offices are constructed in brickwork to the front elevation, providing a mixture of open plan and cellular space, together with kitchen, W.C. and showroom facilities. There is a small mezzanine storage area within the warehouse, whilst loading is facilitated by means of "up and over" sectional doors to the side elevation, which open onto a substantial yard with separate areas for car and HGV parking. Overhead fluorescent strip lighting has been installed in the warehouse and offices, whilst the warehouse is heated by means of gas-fired warm air blowers with roof-mounted circulation fans.

ACCOMMODATION
Ground Floor (Entrance Vestibule, Cellular and Open Plan Offices, W/C’s) - 2,190 sq ft (203.5 sq m)
Ground Floor Warehouse (including Showroom) - 24,138 sq ft (2,242.5 sq m)
First Floor Offices - 2,355 sq ft (218.8 sq m)
Mezzanine Storage - 1,705 sq ft (158.4 sq m)
Total Gross Internal Floor Area - 30,388 (2,823.2 sq m)

SERVICES
Mains electricity (single and 3-phase), gas, water and drainage are all connected to the premises.

ENERGY PERFORMANCE CERTIFICATE
An EPC has been requested.

PLANNING
Interested parties requiring further information in this respect are advised to contact Blaby District Council Planning Department on 0116 275 0555.

TENURE
The existing lease was granted for a term of 10 years from 20th July 2007 on a full repairing and insuring basis, subject to a Schedule of Condition and with a rent review and break option operative at the end of the fifth year (i.e. 20th July 2012).

RENT
The rent is quoted exclusive of rates, service charge and all other outgoings and is payable quarterly in advance.

LEGAL COSTS
Each party is to be responsible for the payment of their own legal costs.

Dimensions:

Industrial/Warehouse (Gross internal):	2,242.49 Sq m (24,138 Sq ft)
Offices layout:	Ground floor and upper floor(s)
Offices area (Gross internal):	422.24 Sq m (4,545 Sq ft)
Total floor area (excl. mezz.) (Gross internal):	2,664.74 Sq m (28,683 Sq ft)
Mezzanine area (Gross):	158.4 Sq m (1,705 Sq ft)
Eaves height:	7m (23')

Specifications:

Security:	Alarmed
Doors:	Powered, Sectional overhead
Access:	Level
Walls:	Brick, Metal cladding
Frame:	Portal	Roof covering:	Metal cladding
Parking:	N/A	External yard area:	Self-contained
Warehouse heating:	Gas-fired warm air	Warehouse lighting:	Fluorescent
Power supply:	3-phase	Sprinklers:
Pallet racking:		Refrigeration plant:
Internal hoist(s):		Inspection pit(s):
DDA compliant:		EPC:
Planning use:	B8 (Storage or Distribution)

Building Rental/Sale Details:

Rateable value:	£128,000	Rates payable:	£62,080 PA
Size:	2,664.74 Sq m (28,683 Sq ft)
Rent PAX:	£141,000
(All figures quoted are exclusive of VAT)