Mercia Way 10,464 sq ft Industrial Property Scunthorpe DN15 8RE £120,000 (£11.47/sq ft)

The property comprises an end terraced industrial unit of steel frame construction having part cavity brick/block walls, insulated cladding above under a mono-pitched insulated clad roof which incorporates translucent panels to provide good levels of natural light.

Internally, the property comprises a ground floor clear span workshop area which is accessed by way of a single manual roller shutter door to the front elevation with separate personnel access door.

Externally parking and servicing is provided immediately to the front and side elevations of the property.

LOCATION & DESCRIPTION
The property is situated on Mercia Way Industrial Estate which is situated off Park Farm Road on the well established Foxhills Industrial Estate. Approximately 2 miles from Scunthorpe town centre and offering easy access to the M180 and M181 motorways with excellent links to the national motorway network.

ACCOMMODATION
WORKSHOP 9.58m (31'5") x 16.46m (54'0")
max less 13ft 6 x 12ft 4 and with a height to eaves of 17ft (5.18m). Having a range of electrical sockets around the unit and fitted lighting.
Roller shutter door and personnel door leading to

WC FACILITIES
entrance lobby with wc facilities and stairs to first floor

FIRST FLOOR OFFICE 4.17m (13'8") x 3.76m (12'4")
maximum with access to stairs. UPVc window to front elevation

OUTSIDE
To the front of the property there are parking spaces, and around the estate there are communal parking spaces.

SERVICES (not tested)
We understand mains water, electricity and drainage are connected to the property. Prospective purchasers should arrange to have these tested for their own satisfaction.

TENURE
Long leasehold. The premises are held on a 99 year lease from 1st April 1986 which is subject to a current ground rent of £476.25 per annum to the year ending 23rd June 2026. The property will be sold with vacant possession upon completion.
Full lease information is available from the Agents Office[use Contact Agent Button]

SERVICE CHARGE
The purchaser will be responsible for the payment of a fair proportion of the service charge which is levied in respect of the repair and maintenance of the common parts of the estate, including the management. The most recent service charge for the year ending 31st May 2026 is £465.18. The insurance premium for the year ending 20th April 2026 is £493.88.

BUSINESS RATES
The business rates assessment from 1st April 2026 will be a rateable value £7,700.
The rateable value is below the Government Threshold of £12,000 for Small Business Rate Relief and in certain circumstances the occupier can claim 100% relief.
Interested parties should contact North Lincolnshire Council Business Rates Dept. to determine if they will qualify for this relief.

VAT
The property is not elected for VAT and VAT will not be charged on the sale

LEGAL COSTS
Each party are to be responsible for their own legal costs.