Unit 14 Boultbee Business Park Nechells Place Birmingham B7 5AR

Unit 14 Boultbee Business Park
Nechells Place
Birmingham
B7 5AR

Freehold Industrial Investment

Let to Pirtek (UK) Limited on a new 5 year lease
Modern Industrial unit within established modern business park
Newly refurbished as Pirtek’s national training centre
Approximately 2.5 miles north east of Birmingham City Centre and 1.5 miles south of the M6
Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
73
Auction
8th December 2016
Rent
£47,000 per Annum Exclusive
Status
Sold
Price
£430,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Industrial Investment

Let to Pirtek (UK) Limited on a new 5 year lease
Modern Industrial unit within established modern business park
Newly refurbished as Pirtek’s national training centre
Approximately 2.5 miles north east of Birmingham City Centre and 1.5 miles south of the M6
Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 73
Auction 8th December 2016
Rent £47,000 per Annum Exclusive
Status Sold
Price £430,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 2.5 miles north east of Birmingham City Centre
Roads: M6, A34, A38,
Rail: Birmingham Moor Street Railway Station, Birmingham New Street Station
Air: Birmingham Airport

Situation

The property is situated on the Boultbee Business Park which is accessed off the north side of Nechells Place within an established industrial estate some 2.5 miles north east of Birmingham City Centre and some 1.5 miles south of the M6. Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa.

Tenure

Freehold.

Location

Miles: 2.5 miles north east of Birmingham City Centre
Roads: M6, A34, A38,
Rail: Birmingham Moor Street Railway Station, Birmingham New Street Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern end of terrace industrial unit benefiting from an eaves height of approximately 5.9m/19ft and a single vehicle access loading door. The property further benefits from service yard car parking for approximately 7 cars and has been newly refurbished as a national training centre. In addition the entire roof surface accommodates solar energy panel (3).

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

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
Ground Mezzanine	Office/Warehouse Office	327.70 sq m 181.90 sq m	(3,527 sq ft) (1,958 sq ft)	PIRTEK (UK) LIMITED (1)	5 years from 09/09/2016 on a full repairing and insuring lease (2)	£47,000	08/09/2021
Total		509.60 sq m	5,485 sq ft			£47,000

(1) Pirtek (UK) Limited was incorporated in 1988 and is the number one provider of fluid transfer solutions and on-site repairs, specialising in hydraulic hoses, pipe fittings & couplings (Source: www.pirtek.co.uk). For the year ending 31st March 2015, Pirtek (UK) Limited reported a turnover of £17,281,653, pre-tax profits of £5,710,912 and a total net worth of £24,609,523. (Source: www.riskdisk.com 18/10/2016). The seller is holding a £11,750 rent deposit.
(2) The lease is outside the Security of Tenure provisions of the Landlord and Tenant Act 1954.
(3) As to the solar energy panels, there is a lease granted in favour of Symbio Energy Limited for a term of 25 years from 13th January 2015 at a peppercorn rent. The lease provides for the tenant to operate extensive roof top solar energy panels and supply electricity to the property. Under the terms of the lease in favour of Symbio Energy Ltd, the occupational tenant and the freeholder may benefit from discounted prices for electricity. See lease for details.