Unit 1 Genesis One Morlands Business Park, Morland Road Glastonbury Somerset BA6 9FW

Unit 1 Genesis One
Morlands Business Park, Morland Road
Glastonbury
Somerset
BA6 9FW

Modern Freehold Trade Counter

Let to Multi-Tile Ltd t/a Topps Tiles until 2023 (subject to option)
Highly visible and prominent position fronting the busy A39
Approximately 599.31 sq m (6,451 sq ft)
Potential to re-configure to two separate units (subject to consents)
Six Week Completion

Lot
3
Auction
13th February 2014
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£495,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Modern Freehold Trade Counter

Let to Multi-Tile Ltd t/a Topps Tiles until 2023 (subject to option)
Highly visible and prominent position fronting the busy A39
Approximately 599.31 sq m (6,451 sq ft)
Potential to re-configure to two separate units (subject to consents)
Six Week Completion

Lot 3
Auction 13th February 2014
Rent £40,000 per Annum Exclusive
Status Sold
Price £495,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 21 miles north-east of Taunton, 25 miles south-west of Bath, 26 miles south of Bristol
Roads: A39, A37, M5 (Junction 23)
Rail: Castle Cary Railway Station
Air: Bristol Airport

Situation

Morlands Business Park is situated in an established trading location 1 mile south-west of Glastonbury town centre. The property is prominently located adjacent to the busy A39. Nearby occupiers include B&Q, Travis Perkins and Travelodge.

Tenure

Freehold.

Location

Miles: 21 miles north-east of Taunton, 25 miles south-west of Bath, 26 miles south of Bristol
Roads: A39, A37, M5 (Junction 23)
Rail: Castle Cary Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern ground floor trade counter unit which is highly visible from the A39. The property also benefits from two vehicle access roller shutter doors and a forecourt providing car parking.

The adjoining property is being offered as Lot 12

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Trade Counter (B8)	599.31 sq m	(6,451 sq ft)	MULTI-TILE LIMITED t/a Topps Tiles (1)	10 years from 29/08/2013 until 2023 (2)	£40,000	29/08/2018
Totals		599.31 sq m	(6,451 sq ft)			£40,000

(1) For the year ending 29th September 2012, Multi-Tile Limited reported a turnover of £7,531,617, pre-tax profits of £8,498,755 and a total net worth of £135,826,250. (Source: www.riskdisk.com 19/12/2013)
(2) The lease provides for a tenant option to determine the lease on 29th August 2018 subject to a £10,000 penalty.