Howdens Joinery Meadow Road Whitehaven Cumbria CA28 9HY

Howdens Joinery
Meadow Road
Whitehaven
Cumbria
CA28 9HY

Freehold Retail Warehouse Investment

Entirely let to Howden Joinery Properties Limited (with guarantee from Howden Joinery Limited) on a 20 Year Lease until 2021
Located 1 mile from Whitehaven Town Centre
Approximate site area of 0.60 hectares (1.49 acres)
Nearby occupiers include TMS Motorspares, Hewden and Whitehaven MOT Centre

Lot
54
Auction
11th December 2014
Rent
£41,850 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Warehouse Investment

Entirely let to Howden Joinery Properties Limited (with guarantee from Howden Joinery Limited) on a 20 Year Lease until 2021
Located 1 mile from Whitehaven Town Centre
Approximate site area of 0.60 hectares (1.49 acres)
Nearby occupiers include TMS Motorspares, Hewden and Whitehaven MOT Centre

Lot 54
Auction 11th December 2014
Rent £41,850 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Retail Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles south of Workington; 40 miles south-west of Carlisle; 45 miles west of Penrith
Roads: B5345, A5094, A595, M6 (J40)
Rail: Corickle Railway Station, Whitehaven Railway Station
Air: Newcastle International Airport

Situation

The property is situated on the eastern side of Meadow Road just off the B5345 and approximately one mile south of Whitehaven town centre. Nearby occupiers on Meadow Road include TMS Motorspares, Hewden, Whitehaven MOT Centre and Whitehaven Garden Centre with Asda, Aldi, Iceland and Home Bargains located approximately 0.5 miles to the north.

Tenure

Freehold.

Location

Miles: 9 miles south of Workington; 40 miles south-west of Carlisle; 45 miles west of Penrith
Roads: B5345, A5094, A595, M6 (J40)
Rail: Corickle Railway Station, Whitehaven Railway Station
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey retail warehouse unit with ancillary accommodation. The property benefits from two roller shutter doors, an eaves height of approximately 3.07 metres (10 feet) and an approximate site area of 0.60 hectares (1.49 acres).

Six Week Completion

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	Retail Warehouse/ Ancillary	1,719.34 sq m	(18,507 sq ft)	HOWDEN JOINERY PROPERTIES LIMITED (1) with guarantee from Howden Joinery Limited (2)	20 years from 15/06/2001 until 14/06/2021 on a full repairing and insuring lease	£41,850	15/06/2016 and five yearly
Totals		1,719.34 sq m	(18,507 sq ft)			£41,850

(1) For the year ending 28/12/2013, Howden Joinery Properties Limited reported a turnover of £36,248,000, pre-tax profits of £721,000 and a total net worth of £1,355,000. (Source: www.riskdisk.com 10/11/2014) (2)For the year ending 28/12/2013, Howden Joinery Limited reported a turnover of £943,835,000, pre-tax profits of £148,541,000 and a total net worth of £408,536,000. (Source: www.riskdisk.com 12/11/2014)