Let on two individual leases to Marshalls Mono Limited until 2070 and 2077
Important 2021 rent review
Approximate site area of 8.14 hectares (20.11 acres)
Situated on established industrial estate opposite Travis Perkins
Six Week Completion Period Available
Lot 7
Auction 22nd February 2011
Rent £156,050 per Annum Exclusive
Status Sold
Price £3,060,000
Sector Ground Rent
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Estimated District Population
15,000
Miles
13 miles east of Bedford, 26 miles west of Cambridge, 59 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy Railway Station
Air
Luton
Situation
The property is prominently situated in the established Middlefield Industrial Estate, the principal industrial area of Sandy. The estate is situated to the east of the town centre and is accessed via Sunderland Road, which the property fronts.
Tenure
Freehold.
Location
Estimated District Population
15,000
Miles
13 miles east of Bedford, 26 miles west of Cambridge, 59 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy Railway Station
Air
Luton
Situation
The property is prominently situated in the established Middlefield Industrial Estate, the principal industrial area of Sandy. The estate is situated to the east of the town centre and is accessed via Sunderland Road, which the property fronts.
Tenure
Freehold.
Description
The property comprises a SITE of approximately 8.14 hectares (20.11 acres) upon which has been constructed a number of WAREHOUSE, PLANT, OFFICE AND PRODUCTION BUILDINGS amounting to a total approximate gross internal floor area of 21,755 sq m (238,935 sq ft).
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 a SITE of approximately 8.14 hectares (20.11 acres) upon which has been constructed a number of WAREHOUSE, PLANT, OFFICE AND PRODUCTION BUILDINGS amounting to a total approximate gross internal floor area of 21,755 sq m (238,935 sq ft).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Hectares (Approx.)
Acres (Approx.)
Tenant
Term
Rent p.a.x
Reviews
64
5.86
(14.48)
MARSHALLS MONO LTD (1)(2)
99 years from 01/04/1971 until 2070
£156,000
01/04/2021 and 25 yearly thereafter (3)
72 (Shaded Blue)
2.28
(5.63)
MARSHALLS MONO LTD (1)(2)
99 years from 21/03/1978 until 2077
£50
Totals
8.14
(20.11)
£156,050
(1) For the year ending 31st December 2009, Marshalls Mono Limited reported a turnover of £311,685,000, pre-tax profits of £7,454,000 and a net worth of £120,213,000.
(Source: www.riskdisk.co.uk 20/01/2011) Established in the late 1880s, Marshalls is the UK’s leading manufacturer of superior natural stone and innovative concrete hard landscaping products, supplying the construction, home improvement and landscape markets. The group has a 2,400 strong workforce and operates its own quarries and manufacturing sites throughout the UK, including a network of regional service centres and two national manufacturing and distribution sites.
(Source: www.marshalls.co.uk)
(2) Please note that the tenant has sub-let two small areas of land to Eastern Power Networks plc for use as two sub-stations.
(3) Various ground rent reviews and renewals have recently been settled on this estate. For further information please refer to the Auctioneers.
(4) Please note the floor areas have not been measured by the Auctioneers.
