To Let

2 - 4 St Leger Drive, Newmarket Business Park, Newmarket, CB8 7DT

70,284 sq ft

Property Advisor

Rory Banks

Associate, Business Space Agency

View Rory's profile

Brochure Virtual tour

The property comprises an industrial/warehouse unit of steel portal frame construction built in 2005 with insulated profile metal sheet clad elevations and roof. It has recently undergone an extensive refurbishment programme.

Property specification

100 KW PV panels on roof
Four electric vehicle charging points
New LED lighting throughout
10m eaves height
Six electric roller shutter doors
1,391 KVA power supply
Power-floated concrete floor
Two parking and loading areas with HGV access

The property has planning permission for Class B8 (Storage & Distribution) Use. Interested parties are advised to make their own enquiries to West Suffolk District Council Planning Department on (01284) 763 233.

Accommodation

The property has the following approximate gross internal floor areas:

Ground Floor (inc. Offices): 6,050.41 sq m / 65,127 sq ft
First Floor (Offices): 479.10 sq m / 5,157 sq ft

TOTAL: 6,529.51 sq m / 70,284 sq ft

Services

A service charge is payable to cover insurance, landscaping, roadway, miscellaneous repairs and maintenance of the common parts of the estate. Further details can be provided upon request.

Lease terms

The property is available on a new full repairing and insuring lease, for a term of years to be agreed, at a quoting rent of £703,000 per annum exclusive. VAT will be applicable to the rent.

Rates

The property is assessed as follows. Rateable Value £410,000. Rates payable (2023/24): £209,920. The rates are based on a UBR for the current year of 0.512 pence in the pound. Interested parties are advised to make their own enquiries of Anglian Revenues Partnership on (01842) 756 568.

Legal costs

Each party to bear their own legal costs.

Energy perfomance certificate

The property has an EPC rating of A (24).

VAT

VAT will be payable in addition to the rent and service charge.

Location

Newmarket Business Park is an established commercial location approximately 0.5 miles away from the A14 (J37) dual carriageway enabling fast access to Cambridge, Ipswich and the East Coast Ports, and in addition, to Stansted Airport, London and the M25 via the A11/M11.

Newmarket town centre is approximately 1.5 miles to the south via Fordham Road (A142). The unit itself is located along St. Leger Drive, immediately off Oaks Drive, which in
turn links into Fordham Road.

The Studlands Retail Park (which includes Homebase, Halfords, Pets at Home and Carpet Right) and Tesco are within short walking distance.