Dawsons Lane, Barwell

Unit A comprises two end terraced light industrial units of steel frame construction with brick and block elevations. A1 is surmounted by a mono-pitched steel roof with a minimum eaves height of 2.8m. Internally, the property comprises clear span workshop space, accessed by a roller shutter door (2.8m height x 6.1m width), with ancillary kitchen/WC facilities. Unit A2 is surmounted by a mixture of pitched asbestos sheet, corrugated steel and flat roofing systems. Internally, the unit is predominantly open plan space, with a lower-level storage area with office and kitchenette facilities. The unit is accessed via a roller shutter door. Externally, there is loading and parking area to the front of both units.

Unit B comprises steel framed industrial buildings, with brickwork and asbestos sheet elevations, surmounted by pitched asbestos sheet north light roofs. B1 comprises of a ground floor office within a larger Industrial building. Internally, the accommodation is cellular with office accommodation, WC and kitchenette facilities. B2 comprises an industrial unit with ground floor office, kitchen and WC along with a mezzanine office. The unit is accessed via roller shutter door to the front elevation. B3 comprises an industrial unit with kitchen and WC facilities, an eaves height of 3.3m and roller shutter door access (2.5m height x 3.8m width). B4 comprises a car sales pitch of approximately 0.174 acres, surfaced with hardstanding, for approximately 25 cars.

The subject property is located fronting onto Dawsons Lane, Barwell, close to the junction with The Common and Hill Street. The Common provides access to the A47 which in turn provides access to Hinckley and Leicester.

Barwell is a village (population 9,000) lying approximately 2¾ miles from Hinckley. The A47 provides access to Leicester approximately 10 miles to the north east. There is a limited entry junction of the M69 at Sapcote providing access to Junction 21 of the M1 at Leicester. Barwell benefits from a wide range of amenities and excellent access to local bus routes, with regular services to Hinckley, Nuneaton, Leicester and Coventry.

We understand all mains services are available or connected to the subject property.

The Freehold interest in the subject property is available, subject to the occupational agreements in place, at an asking price of £850,000. We are advised the current rents payable are as follows:

A1 - £14,000 pax
A2 - £12,000 pax
B1/B4 - vacant. ERV £18,000 pax
B2 - £12,000 pax
B3 - £14,400 pax

The current passing rent is therefore in the order of £52,400 pax (5.9% NIY), with an ERV of £70,400 per annum when fully let, reflecting an 8.3% revesionary yield.

Each party to bear their own legal costs.

We have been advised that EPCs are not required as the buildings have been assessed as Non Relevant Building and are therefore exempt of a Commercial EPC.