48 units totalling approximately 4,969.90 sq m (53,497 sq ft)
Site Area approximately 1.34 hectares (3.31 acres)
Opposite the Stetchford Retail Park with occupiers including McDonald’s, Matalan, JJB Sports and Home Bargains
Future redevelopment potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 71
Auction 7th July 2016
Rent £190,031 per Annum
Status Withdrawn Post
Price
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Hansteen
Property Information
Location
Miles
3.5 miles east of Birmingham city centre, 1.5 miles south of Junction 5 of M5 Motorway
Roads
A4040, M6 (Junctions 5 & 6)
Rail
Stetchford Railway Station
Air
Birmingham International Airport
Situation
The site is prominently situated on the north side of Flaxley Road (A4040) at the junction of Flaxley Parkway directly opposite the important Stetchford Retail Park with residential properties to the west and east of the site.
Tenure
Freehold.
Location
Miles
3.5 miles east of Birmingham city centre, 1.5 miles south of Junction 5 of M5 Motorway
Roads
A4040, M6 (Junctions 5 & 6)
Rail
Stetchford Railway Station
Air
Birmingham International Airport
Situation
The site is prominently situated on the north side of Flaxley Road (A4040) at the junction of Flaxley Parkway directly opposite the important Stetchford Retail Park with residential properties to the west and east of the site.
Tenure
Freehold.
Description
The Imex Business Park comprises some 48 industrial/trade counter and Warehouse units with a prominent frontage to Flaxley Road. The property has an approximate site area of 1.34 hectares (3.31 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The Imex Business Park comprises some 48 industrial/trade counter and Warehouse units with a prominent frontage to Flaxley Road. The property has an approximate site area of 1.34 hectares (3.31 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Loccation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Unit 01
Ground
Industrial
78.87 sq m
(849 sq ft)
INDIVIDUAL
4 years from 01/07/2012
£9,350
30/06/2016
Unit 02
Ground
Industrial
83.61 sq m
(900 sq ft)
INDIVIDUALS
4 years from 01/06/2012
£8,700
Holding Over
Unit 03
Ground
Industrial
83.61 sq m
(900 sq ft)
INDIVIDUAL
3 years from 17/02/2014
£7,800
16/02/2017
Unit 04
Ground
Industrial
83.61 sq m
(900 sq ft)
CROWN GROUP (UK) LIMITED
3 years from 19/12/2015 (1)
£7,050
18/12/2018
Unit 05
Ground
Industrial
83.61 sq m
(900 sq ft)
MIO SLEEP LIMITED
Approximately 3 years from 01/02/2016 (2)
£7,050
18/12/2018
Unit 06
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
3 years from 19/12/2015 (3)
£3,150
18/12/2018
Units 07, 08 & 09
Ground
Industrial
301.84 sq m
(3,249 sq ft)
ZEE HARDWARE LIMITED
3 years from 01/02/2016
£7,500 (4)
31/01/2019
Unit 11
Ground
Industrial
111.48 sq m
(1,200 sq ft)
ROTATING ELECTRICS LIMITED
3 years from 24/09/2015
£5,400
23/09/2018
Unit 12
Ground
Industrial
111.48 sq m
(1,200 sq ft)
VACANT
Unit 12A
Ground
Industrial
111.48 sq m
(1,200 sq ft)
CENTRAL ENVIRONMENTAL SERVICES LIMITED
1 year from 01/05/2013
£3,900
Holding Over
Unit 14
Ground
Industrial
111.48 sq m
(1,200 sq ft)
ELEGANT CLUB FENDERS LIMITED
3 years from 22/09/2015 (5)
£4,020
21/09/2018
Unit 15
Ground
Industrial
102.19 sq m
(1,100 sq ft)
GLOBAL RETURNS LIMITED
1 year from 12/08/2013
£3,200
Holding Over
Unit 16
Ground
Industrial
102.19 sq m
(1,100 sq ft)
INDIVIDUAL
1 year from 01/05/2016 (8)
£4,600
30/04/2017
Unit 17
Ground
Industrial
111.48 sq m
(1,200 sq ft)
INDIVIDUAL
1 year from 01/03/2016
£5,000
28/02/2017
Unit 18
Ground
Industrial
111.48 sq m
(1,200 sq ft)
INDIVIDUAL
1 year from 01/06/2013
£2,800
Holding Over
Unit 19
Ground
Industrial
204.39 sq m
(2,200 sq ft)
VACANT
Unit 20
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
1 year from 01/06/2016
£2,500
31/05/2017
Unit 21
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
1 year from 07/07/2015
£2,940
06/07/2016
Unit 22
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
3 years from 01/04/2016 (6)
£2,800
31/03/2019
Unit 23
Ground
Industrial
66.89 sq m
(720 sq ft)
INDIVIDUAL
1 year from 01/01/2016
£2,000
31/12/2016
Unit 24
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
1 year from 01/07/2012
£2,975
Holding Over
Unit 25
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
1 year from 01/07/2015
£3,250
30/06/2016
Unit 26
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
1 year from 04/01/2016
£2,800
03/01/2017
Unit 27
Ground
Industrial
65.03 sq m
(700 sq ft)
INDIVIDUAL
1 year from 01/01/2016
£4,377
31/12/2016
Unit 28
Ground
Industrial
66.89 sq m
(720 sq ft)
INDIVIDUAL
1 year from 01/11/2010
£3,420
Holding Over
Unit 29
Ground
Industrial
74.32 sq m
(800 sq ft)
INDIVIDUAL
1 year from 01/11/2015
£2,800
31/10/2016
Unit 30
Ground
Industrial
213.68 sq m
(2,300 sq ft)
ELITE EXPORT LIMITED
1 year from 01/10/2015
£8,400
30/09/2016
Unit 32
Ground
Industrial
232.26 sq m
(2,500 sq ft)
XZERES WIND CORP/XZERES WIND
Licence - 6 months from 16/10/2015
£15,600 (9)
–
Unit 34
Ground
Industrial
232.26 sq m
(2,500 sq ft)
INDIVIDUAL
Licence - 1 year from 01/05/2016
£4,000
30/04/2017
Unit 36
Ground
Industrial
232.26 sq m
(2,500 sq ft)
ELITE EXPORT LIMITED
Licence - 6 months from 11/01/2016
£8,400 (7)
10/07/2016
Unit 40
Ground
Industrial
232.26 sq m
(2,500 sq ft)
INDIVIDUAL
1 year from 01/02/2016
£7,500
31/01/2017
Units 38, 42, 44, 46
Ground
Industrial
929.03 sq m
(10,000 sq ft)
INDIVIDUAL
1 year from 01/09/2015
£21,000
31/08/2016
Unit A01 & 10
Ground
Office/Industrial
195.65 sq m
(2,106 sq ft)
CENTRAL ENVIRONMENTAL SERVICES LIMITED
1 year from 01/05/2013
£14,249
Holding Over
Unit A02 & A3F
Ground
Office
28.15 sq m
(303 sq ft)
VACANT
Unit A04 & A05
Ground
Office
90.12 sq m
(970 sq ft)
INDIVIDUAL
1 year from 01/11/2015
£1,500
31/10/2016
Unit A3a
Ground
Office
4.09 sq m
(44 sq ft)
VACANT
Unit A3b
Ground
Office/Storage
13.01 sq m
(140 sq ft)
VACANT
Unit A3c
Ground
Office/Storage
19.23 sq m
(207 sq ft)
VACANT
Unit A3d
Ground
Office/Storage
14.21 sq m
(153 sq ft)
VACANT
Unit A3e
Ground
Office/Storage
12.63 sq m
(136 sq ft)
VACANT
Totals
4,,969.90 sq m
(53,497 sq ft)
£190,031
(1) The lease is subject to tenant options to determine on 19th December 2016 and 19th December 2017. (2) The lease is subject to tenant options to determine on 18th December 2016 and 18th December 2017. (3) The lease is subject to tenant options to determine on 19th December 2016 and 19th December 2017. (4) The lease provides for fixed rental increases to £8,000 p.a.x. in February 2017 and £8,500 in February 2018. (5) The lease provides for a rolling tenant option to determine on providing one month’s prior written notice. (6) The lease is subject to tenant options to determine on 1st April 2017 and 1st April 2018. (7) The tenant is occupying the premises by way of a six month licence. The rent stated has been annualised. (8) The lease is subject to a tenant option to determine on 30th June 2016. (9) The rent stated has been annualised.
