Thomas House Beaumont Road Industrial Estate Banbury Oxfordshire OX16 1RJ

Thomas House
Beaumont Road Industrial Estate
Banbury
Oxfordshire
OX16 1RJ

Freehold Industrial Investment

Let to AAC Cyroma Limited Guaranteed by Versarien Plc
Prominent location on Established Industrial Estate
Approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%
Nearby occupiers on the estate include Terex Corporation, Dematic and Mondelez International
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
42
Auction
8th December 2016
Rent
£162,000 per Annum Exclusive
Status
Sold
Price
£1,390,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Industrial Investment

Let to AAC Cyroma Limited Guaranteed by Versarien Plc
Prominent location on Established Industrial Estate
Approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%
Nearby occupiers on the estate include Terex Corporation, Dematic and Mondelez International
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 42
Auction 8th December 2016
Rent £162,000 per Annum Exclusive
Status Sold
Price £1,390,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 22 miles north of Oxford, 50 miles south-east of Birmingham, 65 miles north-west of London
Roads: M40, A422, A423
Rail: Banbury Railway Station
Air: Birmingham Airport, London Luton Airport

Situation

The Beaumont Road Industrial Estate is an established business park situated some 1 mile north of Banbury Town Centre. The property is situated in a prominent position on the east side of Beaumont Road close to its junction with Ruscote Avenue and adjacent to Vauxhall dealership. Nearby occupiers on the estate include Terex Corporation, Dematic, Mondelez International and Fortress Technology. Tesco Extra, McDonald’s and the Banbury Cross Retail Park are also close by.

Tenure

Freehold.

Location

Miles: 22 miles north of Oxford, 50 miles south-east of Birmingham, 65 miles north-west of London
Roads: M40, A422, A423
Rail: Banbury Railway Station
Air: Birmingham Airport, London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial industrial building benefiting from an eaves height of approximately 5 metres and three full height loading doors. The property also benefits from 2 storey integrated offices and an approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%, as well as a rear yard and forecourt car parking for approximately 28 cars.

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.	Review
Ground Ground Mezzanine First	Industrial Office Store Office	2,324.35 sq m 208.42 sq m 41.38 sq m 221.89 sq m	25,019 sq ft 2,243 sq ft 445 sq ft 2,388 sq ft	AAC CYROMA LIMITED (GUARANTEED BY VERSARIEN PLC) (1)	10 years from 31/01/2013 until 30/01/2023 on a full repairing & insuring lease (2)	£162,000	31/01/2018
Totals		2,796.04 sq m	30,095 sq ft			£162,000

(1) AAC Cyroma Limited was incorporated in 2002 and supplies vacuum formed and injection moulded products to the automotive, construction, utilities and retail industry (Source: www.aaccyroma.co.uk). AAC Cyroma Limited was acquired by Versarien Plc in October 2016, a company listed on the London Stock Exchange (Source: www.versarien.com). For the year ending 31st December 2015, AAC Cyroma Limited reported a net worth of £882,80 (Source: www.riskdisk.com 18/10/2016). For the year ending 31st March 2015, Versarien Plc reported a turnover of £4,982,000, pre-tax profits of negative -£866,000 and a total net worth of £5,847,000. (Source: www.riskdisk.com 18/10/2016).
(2) The lease is subject to a schedule of condition.