Anna Mill Business and Distribution Park - Property Pilot

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Anna Mill Business and Distribution Park Services We understand that mains water, gas and electricity including 3 phase are available on the site, not all units are connected to mains gas. There is one supply for each of the individual services which is then submetered. The estate has two private foul water drainage systems which discharge into a nearby stream. Tenancies & Covenant Strength The majority of units are let on flexible leases on effective full repairing and insuring terms, with a typical length term being 3 years which is in line with current market trends for this type of accommodation. The tenancies include a range of local businesses of varying financial strength. Tenure The property is available Freehold subject to the tenancies described in more detail in the schedule attached.
Anna Mill Business and Distribution Park Service Charge Additional service charge rents are collected to cover buildings insurance, building repairs and maintenance of outside areas which is currently running at around 40p psf. In the case of older lettings this is by way of a side letter but with the new lettings it is included in the lease. Further information available on request. Industrial Market The areas alongside the A38 Devon Expressway provide the South Hams with its main employment opportunities as well as acting as overflow for the larger Plymouth Market. The employment stock includes Langage Business Park on the outskirts of Plympton, Lee Mill Industrial Estate, as well as smaller estates at Ivybridge, South Brent and Red Lake Industrial Estate close to Anna Mill. For units up to 2,000 sq ft the tone is £5-£6 per sq ft, 5,000 sq ft £4 - £4.50 per sq ft, 5,000 – 10,000 sq ft £3 - £3.50 per sq ft, 20,000 sq ft + £2.50 - £3 per sq ft. Anna Mill offers a cost effective alternative in this market. Planning Anna Mill was subject to a change of use in 2004, application number 9/57/1295/95/4 was approved allowing a change of use from B8 to include B1 & B2 use in accordance with The Town and Country Planning (Use Classes) Order 1987. The land to the north east of Anna Mill was approved in outline for employment development, use classes B1 and B8, application number 57/0876/04/O. This application was for a period of 3 years from the 4th May 2004. There is a further outstanding application, number 57/0759/09/F, which is pending approval subject to agreeing the Section 106 Agreement. This application is for commercial development for use B1b, B1c, B2 and B8 uses.
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Anna Mill Business and Distribution Park - Property Pilot

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