Located on the busy Bardon Business Park, within the distribution ‘Golden Triangle’
Self-contained industrial/warehouse unit comprising 1,207 sq m (12,995 sq ft) GIA
Nearby occupiers include Babcock, Antalis Brantano, Bunzl Healthcare and David Wilson
Lot 24
Auction 23rd October 2014
Rent £63,343 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
11 miles north-west of Leicester
25 miles south of Nottingham
36 miles north-east of Birmingham
Roads
A511, A50, M1
Rail
Leicester Railway Station
Air
East Midlands Airport, Birmingham Airport
Situation
The property is located within Interlink Park, a strategically located premier development situated on Bardon Business Park, within the distribution ‘Golden Triangle’ bounded by the M1, M6 and M42 motorways. Located off Junction 22 of the M1, the property enjoys good access to the commercial centres of Leicester, Nottingham and Derby. Nearby occupiers include Babcock, Antalis Brantano, Bunzl Healthcare and David Wilson.
Tenure
Freehold.
Location
Miles
11 miles north-west of Leicester
25 miles south of Nottingham
36 miles north-east of Birmingham
Roads
A511, A50, M1
Rail
Leicester Railway Station
Air
East Midlands Airport, Birmingham Airport
Situation
The property is located within Interlink Park, a strategically located premier development situated on Bardon Business Park, within the distribution ‘Golden Triangle’ bounded by the M1, M6 and M42 motorways. Located off Junction 22 of the M1, the property enjoys good access to the commercial centres of Leicester, Nottingham and Derby. Nearby occupiers include Babcock, Antalis Brantano, Bunzl Healthcare and David Wilson.
Tenure
Freehold.
Description
The property comprises industrial accommodation on the ground floor, with integral first floor office accommodation. The property benefits from a vehicle accessible loading door, an eaves height of approx. 7 m (23 ft), and car parking at the front of the property.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises industrial accommodation on the ground floor, with integral first floor office accommodation. The property benefits from a vehicle accessible loading door, an eaves height of approx. 7 m (23 ft), and car parking at the front of the property.
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
Reversion
Ground First
Industrial Office/Ancillary
1,207 sq m
(12,995 sq ft)
MONRO LIMITED (1)
5 ½ years from 23/05/2014 (2) on a full repairing and insuring lease (3)
£63,343
24/09/2019
Totals
1,207 sq m
(12,995 sq ft)
£63,343
(1) For the year ending 30/09/2013, Monro Limited reported a turnover of £16,493,055, pre-tax profits of £716,851 and a total net worth of £3,525,931. (Source: riskdisk.com 11/09/2014) (2)The lease provides for a tenant’s option to determine the lease in 23rd September 2017. (3)The lease is outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
