Gun Cotton Way Stowmarket, Suffolk, IP14

LOCATION
Unit D4 is located on the Atex Business Park, Stowmarket, approx. 0.8 miles from Junction 50 of A14. The Atex Business Park has a number of national Trade Counter retailers including Screwfix, Toolstation, Howdens, City Plumbing and Kwik Fit. There is a Tesco superstore, Costa, McDonalds and the new Gateway 14 industrial development within a close proximity. Stowmarket also has a mainline railway station with London Liverpool Street approximately 1 h 26 minutes.

DESCRIPTION
The unit is of steel frame construction with insulated profile sheet cladding and roof lights. There is a pedestrian access door and window to front and a roller shutter door and fire escape door to rear. There are three customer parking spaces to front and a further five parking spaces and loading area to the rear of the unit.

ACCOMODATION
Internally the unit comprises of an open plan industrial space, kitchen, and WC. The mezzanine floor is a Tenant improvement and is not included in the sale.
Gross Internal Area: 202.52sqm (2,180sqft) excluding tenant’s improvement mezzanine floor
Roller shutter door opening: 3.99m height 3.99m width
Eaves height: 6.26m

BUSINESS LEASE
The premises is subject to a business lease to Stopbreeze Ltd on the main headline terms:
• Full Repairing and Insuring Lease
• Term 3rd February 2022 to 2nd February 2028
• Initial Rent £17,500+VAT per annum (£8.03/sqft)
• Rent Review 3rd February 2025 agreed at £22,000+VAT per annum (£10.09/sqft)
• First new rent payment due on 25th March 2025
• Break clause 2nd February 2025 not exercised
• Outside Landlord & Tenant Act 1954
Full lease details are available from the Agent.

SERVICE CHARGE
There is a service charge to cover the maintenance of the estate common areas. The service charge is currently £1,300+VAT per annum. The current tenant is responsible for paying the estate service charge.

ENERGY PERFORMANCE CERTIFICATE (EPC)
We understand the unit has an Energy Rating of a ‘B’. However, we believe the unit has been incorrectly addressed on the EPC Register and therefore we have commission a new EPC to be provided.

BUSINESS RATES
Rateable Value: £15,750 RV 2023
The current tenant is responsible for paying the business rates.

LOCAL AUTHORITY
Mid Suffolk District Council.

PLANNING
Unit D4 has planning permission for B1 & B8 uses under application reference 0019/17, granted 26th October 2017.

SERVICES
Mains water, drainage and three phase electricity.

TENURE
Freehold. We understand the unit only has exclusive use of the parking spaces to the front and rear of the unit. We understand the parking spaces are owned by the estate management company.

RIGHTS OF WAY
We understand the unit benefits from legal rights of way over the estate road to access the front and rear of the unit.

VAT
All charges are subject to VAT.

METHOD OF SALE
The property is available by Private Treaty. The Vendors reserve the right to invite best offers.

DIRECTIONS
Exiting the A14 at junction 50 from the Bury St Edmunds direction at the roundabout take the third exit onto A1120. After a short distance at the roundabout take the third exit onto the Gun Cotton Way. Continue on the Gun Cotton Way straight over the next two roundabouts. At the next roundabout take the first left into the Atex Business Park and Unit D4 is located ahead (Stop Breeze).
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AGENT’S NOTE
• The current business is unaffected.
• Property particulars prepared February 2025

VIEWING AND FURTHER INFORMATION
Strictly by appointment only. To arrange a viewing or for further information please see attached property particulars.

Tenure: Freehold

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