Commercial Lease

2 Interconnecting Industrial or Trade Units - 2400 sq. ft (approx.)

Rent £15160.70 per calendar month, £350 per week

A rent of £18,200 per annum is sought for this substantial, established industrial or trade unit on this sought-after estate. A new 6-year FRI lease is available with an upwards only rent review at the end of the third year. The tenant shall have the option to terminate the lease at the end of the third year by providing not less than 6 months prior written notice. The lease will be contracted outside of the Landlord and Tenant Act 1954. There is potential for further expansion in time, into the adjoining units, subject to negotiation with the landlord. 2400 sq. ft approx. arranged over 2 interconnecting units
Workshops
Offices
Storage
Partially Furnished
Parking

Dawlish is an established town which is growing with domestic and commercial building developments. The population is substantially boosted during the summer months due to a range of established holiday parks and privately let holiday accommodation.

This is a rare opportunity to lease a large double industrial unit, suitable for a range of business uses and benefitting from established mezzanine floors, office, storage and welfare area and allocated parking spaces. The units offered for lease are part of a 5-unit site; 1 unit, outside the main gates, is occupied by a dentist, 2 units are occupied currently by the owner, with the possibility of the lease holder expanding into these premises in the future.
There is a wide range of businesses on the estate including Mail Order and Amazon Fulfilment. The units would suit a wide variety of potential users subject all necessary consents and landlord approval. Small manufacturing, counter trade or like-minded business would be particularly suited. Previous tenants included manufacturing of plastics, advertising product supply, manufacturing bonded warehouse, sales, warehousing and packaging of metal finishing goods kits.

The town is located approximately 10 miles south of Exeter, 2 miles North of Teignmouth and 9 miles west of Newton Abbot, on the coastal A379 road. This road enables access to the A380 and M5, both approximately 30 minutes' drive away, giving wider access to the South West and beyond. The town has good public transport links, with local bus routes, very close to the property. A local train station connects the town to mainline rail routes. The Business Park is adjacent to the A379 on the Exeter side, with the town centre approximately 1 mile from the property.


Rent
A rent of £350 per week is payable in monthly instalments of £1516.67; in advance by standing order. 1 month rent is required as deposit for this substantial Industrial or Trade Counter unit, on this sought-after estate.

Service charge
A fair and proportionate service charge will be levied each year, in line with details in the lease. Section 3

Lease
A new 6-year FRI lease is available with an upwards only rent review at the end of the third year. The tenant shall have the option to terminate the lease after the third year by providing not less than 6 months prior written notice. The lease will be contracted outside of the Landlord and Tenant Act 1954.

If the lease is to be taken by a Limited Company, at least one director will be required to act as a guarantor to the lease for the duration of the term. A 3 months’ rent deposit may also be required,

Rates
Rateable Value: - tbc

We understand that qualifying businesses are likely to benefit from a rate reduction of up to 100% under the Small Business Rate Relief scheme. To see if you or these premises qualify for this discount, please contact Teignbridge District Council services

We are informed that mains water, drainage and electricity (including 3 phase) are installed to the premises.

Legal costs
A contribution of £395 plus VAT is required towards the landlord’s legal and administration costs in setting up the new lease.