Units 3 & 4, Queensway Avenue South St Leonards-on-Sea East Sussex TN38 9AG

Units 3 & 4, Queensway Avenue South
St Leonards-on-Sea
East Sussex
TN38 9AG

Freehold Industrial Investment

Entirely let to Independent Toiletries Ltd (t/a Poppypac) until December 2023 (no breaks)
1,296.80 sq m (13,959 sq ft) of industrial/warehouse and office accommodation
Forms part of Enviro 21 modern business park/light industrial estate

Lot
24
Auction
7th December 2017
Rent
£78,100 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the instruction of the Joint Fixed Charge Receivers at Fraser CRE

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Freehold Industrial Investment

Entirely let to Independent Toiletries Ltd (t/a Poppypac) until December 2023 (no breaks)
1,296.80 sq m (13,959 sq ft) of industrial/warehouse and office accommodation
Forms part of Enviro 21 modern business park/light industrial estate

Lot 24
Auction 7th December 2017
Rent £78,100 per Annum Exclusive
Status Sold Prior
Price
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the instruction of the Joint Fixed Charge Receivers at Fraser CRE

Property Information

Location

Miles: 16 miles north-east of Eastbourne, 26 miles south of Royal Tunbridge Wells
Roads: A2690, A21
Rail: Crowhurst Railway Station
Air: Gatwick Airport

Situation

St Leonards-on-Sea is a seaside town approximately 4 miles west of Hastings and 35 miles east of Brighton. The property forms part of Enviro 21, a modern business park/light industrial estate fronting Queensway (A2690). The estate also houses the Sussex Exchange, a restaurant, bar, conference and event venue.

Tenure

Freehold.

Location

Miles: 16 miles north-east of Eastbourne, 26 miles south of Royal Tunbridge Wells
Roads: A2690, A21
Rail: Crowhurst Railway Station
Air: Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern detached industrial/warehouse building currently providing two separate warehouses over ground and lower ground with additional office accommodation over ground and first floors linking the two warehouses. The property also benefits from an 8 person passenger lift.

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
Lower Ground Ground Ground First	Warehouse/ Industrial Warehouse/ Industrial Office Office	493.97 sq m 342.60 sq m 230.04 sq m 230.19 sq m	(5,317 sq ft) (3,688 sq ft) (2,476 sq ft) (2,478 sq ft)	INDEPENDENT TOILETRIES LIMITED t/a Poppypac (1)	10 years from 25/12/2013 on a full repairing and insuring lease	£78,100	24/12/2023
Totals		1,296.80 sq m	(13,959 sq ft)			£78,100

(1) Poppypac is an experienced provider of manufacturing, filling and packing services to the health and beauty industries, providing services to all types of client, from High Street chains to independent brand suppliers (Source: www.poppypac.co.uk 09/11/2017).