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Bailey Drive, Gillingham Business Park, Gillingham

£12.00 per sqft / Annual rent: The property is available to let on a new lease for a term to be agreed on a full repairing and insuring basis

Amenities

  • from 3,009 sq.ft. (280 m²) to 10,175sq.ft. (945m²)
  • Leasehold

Location

Bailey Drive, Ambley Green, Gillingham Business Park, Gillingham, ME8 0NJ

Description

Courtyard development of 2 storey office/business units built 1989, providing office/ workshop/ storage space at ground floor level and fitted offices at 1st floor. Gas fired central heating, suspended ceilings, recessed lighting, double glazing, passenger lifts, perimeter trunking. A variety of detached and semi-detached units set around a central car park area.

Business Rates

The rateable value figure below has been provided to us by the Valuation Office Agency

RV £111,000

Please note, the RV is NOT the actual rates payable. Rates payable are calculated by reference to the National Non-Domestic Rating (NNDR) multiplier which is set annually by Central Government. The current NNDR (2013/14) is 47.1p/£.  Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £18,000.

Subject to eligibility for all available reliefs, we estimate that in the current financial year,

Rates payable are £50,838

Please note, this figure does not reflect the additional temporary relief that is available to small businesses until 31st March 2014.  For properties with rateable values below £6,000, this may reduce the rates liability to as little as zero.

Further information on this matter is available at Business Link