Industrial Unit 3, OEP, Ashwell Road, Oakham LE15 7TU

An open Industrial unit with Offices and Wc's on Oakham Enterprise Park

Rent £16,500 per annum plus VAT

Circa 3,500 Sq Ft

Size - 3,500 Sq Ft
Rent - £16,500 per annum plus VAT
Service Charge - £2,800 per annum plus VAT budgeted for 2025
Business Rates - £11,750
Legal Fees - Both parties will be responsible for their own fees. Please note the Contribution to the Vendors Administration costs of £550
VAT - Applicable to rent and service charge
EPC - D (91)

Brick built under a pitched roof, the unit is single storey with excellent natural lighting from the numerous windows. Painted brickwork walls and exposed metal trusses maintain the open industrial feel of the building and there are numerous traditional radiators providing the necessary gas fired heating.

Accommodation - The Main space is open plan with Roller Shutter door and personnel access. There are 2 separate offices, a shower and Wc's. Totalling around 3,579 sq ft, the unit could be used for Light industrial use, storage or workshop.

Location - Oakham Enterprise Park is approximately 3 miles outside Oakham with excellent road links via the A606 to the A1 and to the M1 Junction 21 at Leicester approximately 25 miles away.

Service Charge - There is a service charge in addition to the annual rent and this is budgeted at £2,800 plus VAT for 2025 paid quarterly in advance. A separate Insurance charge specific to the building is chargeable and budgeted at £650 plus VAT for 2025

Terms - Terms are flexible but it is anticipated that a New 5 year lease will be prepared at an annual rent of £16,500 with a 3 year review and break if required. Rent is paid monthly or quarterly in advance. A rent deposit equal to 3 months' rent including VAT will be required. Financial References will be required together with a PG if the lease is taken in a Company name. Service charge quoted is a budgeted figure and is reviewed annually as is the Insurance premium.

VAT will be applicable on the rent and any other additional charges.

The Lease Admin fee of £550 + VAT is payable on issue of the Heads of Terms

Parking - Parking is available immediately adjacent to the unit and whilst there is additional parking available on site, the Vendors will not consider Businesses who have a requirement for increased traffic moments, including drop offs and pickups as this is not considered acceptable to other surrounding occupiers.