Unit C Quintec Court Mangham Road Rotherham South Yorkshire S61 4RN

Unit C Quintec Court
Mangham Road
Rotherham
South Yorkshire
S61 4RN

Freehold Industrial Investment

Let to Courier Logistics Limited on a new lease
Prominent corner position in a well established industrial/warehouse estate
Nearby occupiers include Jewson’s, Dulux and Screwfix Direct
Approximate site area of 0.35 hectares (0.88 acres)
Property benefits from a new roof
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
74
Auction
23rd March 2016
Rent
£72,437 per Annum Exclusive
Status
Sold
Price
£885,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund Manager

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Freehold Industrial Investment

Let to Courier Logistics Limited on a new lease
Prominent corner position in a well established industrial/warehouse estate
Nearby occupiers include Jewson’s, Dulux and Screwfix Direct
Approximate site area of 0.35 hectares (0.88 acres)
Property benefits from a new roof
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 74
Auction 23rd March 2016
Rent £72,437 per Annum Exclusive
Status Sold
Price £885,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 6 miles north-east of Sheffield, 19 miles south-west of Doncaster, 32 miles south of Leeds
Roads: A620, M1 (Junction 33), M18 (Junction 18)
Rail: Rotherham Central
Air: Doncaster Sheffield International Airport (Robin Hood)

Situation

The property is situated in the established Barbot Hall Industrial Estate 1 mile north of Rotherham city centre and occupies a prominent corner position on Mangham Road (A6123), at its junction with Quintec Court. Mangham Road (A6123) provides access to the town centre to the south. Nearby occupiers include Jewson’s, Dulux and Screwfix Direct.

Tenure

Freehold.

Location

Miles: 6 miles north-east of Sheffield, 19 miles south-west of Doncaster, 32 miles south of Leeds
Roads: A620, M1 (Junction 33), M18 (Junction 18)
Rail: Rotherham Central
Air: Doncaster Sheffield International Airport (Robin Hood)

Situation

Tenure

Freehold.

Description

The property comprises a detached industrial unit and ancillary offices arranged over ground and first floors. A new roof was recently installed at a cost of circa £90,000. The property benefits from two loading bays, a large secure yard area and parking for approximately 20 cars.

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	Reversion
Ground First	Industrial/Ancillary Industrial/Ancillary	1,440 sq m 124 sq m	(15,500 sq ft) (1,334 sq ft)	COURIER LOGISTICS LIMITED (1)	5 years from 07/09/2015 on a full repairing and insuring lease (2)	£72,437	05/09/2020
Totals		1,564 sq m	(16,834 sq ft)			£72,437

(1) For the year ending 31st March 2015, Courier Logistics Limited reported a turnover of £12,828,340, pre-tax profits of £274,869 and a total net worth of £456,856. (Source: Experian Group 23/02/2016). The company’s head office and 40,000 sq ft of additional storage/distribution are also located on Barbot Hall Industrial Estate. (Source: www.courierlogistics.co.uk 23/02/2016 – 23/02/2016).
(2) The lease is subject to a schedule of condition