Description

The Premises: An extensive range of traditionally constructed mainly single storey buildings extending to some 930m² (10,000sq.ft) floor area together with a potential further new building extending to 290 m² (3130sq.ft) for conversion to at least six employment units together with car parking see appendix A and B.The site has formerly been used in part for concrete batching (being under Use Class B2 and in part for light industrial, Use Class B1c). With relocation of the concreting business and other activities, the Premises will be available for redevelopment and use.The site is located on the southern edge of Earl Soham village and 4 miles from the market town of Framlingham. The site benefits from transport links west to Norwich via A1120 and A140, and east to Lowestoft and Ipswich via A1120 and A12.Planning and Conversion of the Premises: East Suffolk Council have indicated their support for redevelopment of the Premises to employment uses subject to planning permission. A long lease of the Premises would be made available conditional upon the leaseholder completing conversion of the Premises to provide six or more self-contained business units available for occupation within 24 months of commencement of the term. Conversion of the units in accordance with the Preliminary Specification of Works (prepared by Peter Wells Architects Limited; September 2019) Appended C ; will be a condition of the Lease. No compensation for the securing of planning permission or the cost of conversion works will be available to the tenant at the end of the term. The traditional barn, showncoloured blue on Appended A, is to be retained in its current appearance due to its importance as a landscape feature and the setting of a nearby Listed dwelling.There will be a covenant preventing any concrete batching activity continuing at the Premises.Lease: A single Lease for 21 years excluding the Landlord and Tenant Act 1954 rights for lease renewal. The Lease will allow for subletting of individual units (each first having been converted for employment use in accordance with the Preliminary Specification of Works terms not to exceed the Head Lease and capable of providing vacant possession within 5 years.The Lease shall be granted on full repairing and insuring terms.Planning and Conversion of the Premises: East Suffolk Council have indicated their support for redevelopment of the Premises to employment uses subject to planning permission. A long lease of the Premises would be made available conditional upon the leaseholder completing conversion of the Premises to provide six or more self-contained business units available for occupation within 24 months of commencement of the term. Conversion of the units in accordance with the Preliminary Specification of Works (prepared by Peter Wells Architects Limited; September 2019) Appended C herewith ; will be a condition of the Lease. No compensation for the securing of planning permission or the cost of conversion works will be available to the tenant at the end of the term. The traditional barn, showncoloured blue on Appended A, is to be retained in its current appearance due to its importance as a landscape feature and the setting of a nearby Listed dwelling.There will be a covenant preventing any concrete batching activity continuing at the Premises.Lease: A single Lease for 21 years excluding the Landlord and Tenant Act 1954 rights for lease renewal. The Lease will allow for subletting of individual units (each first having been converted for employment use in accordance with the Preliminary Specification of Works terms not to exceed the Head Lease and capable of providing vacant possession within 5 years.The Lease shall be granted on full repairing and insuring terms.Opening Rent: A rent of £12,000 per annum shall be charged annually in advance and shall be subject to upward only review every 3 years to the greater of rpi adjustment or Market Rent.Outgoings: The Tenant shall be responsible for all usual outgoings including mains water electricity and telephone services. All necessary rights and easements shall be granted to enable connection/ upgrading of services to the Premises.VAT: No election to VAT has been made in relation to the site and any such election during the term of the Lease shall be subject to first obtaining the Landlord's consent in writing.Legal and Professional Costs: Each party shall be responsible for their own legal and professional costs.Enquiries and Viewings: Landbridge, Rivers Court, High Street, Sproughton, Ipswich, Suffolk IP8 3APViewings are strictly by prior appointment through Landbridge.Disclaimer: Note: These particulars are intended only as a guide to prospective purchasers or lessees to enable them to decide whether to make further enquiries with a view to taking up negotiations, but they are otherwise not intended to be relied upon in any way or for any purpose whatever and, accordingly, neither their accuracy nor the continued availability of the property is in any way guaranteed and they are furnished on the express understanding that neither the agents nor the vendors or landlord are to be or become under any liability or claim in respect of their content. In the event of the agents, the vendor or landlord supplying any further information or expressing any opinion to a prospective purchaser or lessee, whether verbal or in writing, such information or expression of opinion must be treated as given on the same basis as these particulars. For more details and to contact: