Entirely let to Focus (DIY) Limited (guaranteed by Focus Retail Group plc) until 2027
Approximate site area of 0.99 hectares (2.434 acres)
Established industrial area close to Junctions 44 and 45 of the M4 motorway
Nearby occupiers include Halfords, Carpet Right, Renault and Poundstretcher
Large on-site car park for approximately 125 cars
Rent: £300,000 per annum exclusive (gross), £270,000 per annum exclusive (net)
Lot 24
Auction 26th May 2011
Rent £300,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Retail Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of <br />Henderson Global <br />Investors Ltd
Property Information
Location
Miles
3.6 miles north-east of Swansea city centre, 42 miles north-west of Cardiff
Roads
A48, A4217, M4 (Junction 44)
Rail
Llansamlet Railway Station
Air
Swansea Airport
Situation
The property is situated in an established industrial location in Swansea Industrial Estate on the eastern side of Bran Close at the roundabout which links to Fendrod Way and Phoenix Way. The property lies less than 2 miles from both Junctions 44 and 45 of the M4 motorway and forms part of a major retail park including Enterprise Retail Park, Lakeside Retail Park, Phoenix Retail Park and Tesco Extra Superstore. Nearby occupiers include Halfords, Carpet Right, Renault and Poundstretcher.
Tenure
Long Leasehold. Held from Swansea Council for 125 years from 29th September 2001 until 29th September 2126 at 10% of rents received. The current head rent is £30,000 pax (2)
Location
Miles
3.6 miles north-east of Swansea city centre, 42 miles north-west of Cardiff
Roads
A48, A4217, M4 (Junction 44)
Rail
Llansamlet Railway Station
Air
Swansea Airport
Situation
The property is situated in an established industrial location in Swansea Industrial Estate on the eastern side of Bran Close at the roundabout which links to Fendrod Way and Phoenix Way. The property lies less than 2 miles from both Junctions 44 and 45 of the M4 motorway and forms part of a major retail park including Enterprise Retail Park, Lakeside Retail Park, Phoenix Retail Park and Tesco Extra Superstore. Nearby occupiers include Halfords, Carpet Right, Renault and Poundstretcher.
Tenure
Long Leasehold. Held from Swansea Council for 125 years from 29th September 2001 until 29th September 2126 at 10% of rents received. The current head rent is £30,000 pax (2)
Description
The property comprises a retail warehouse currently used as a garden centre and greenhouse. The property benefits from a large car parking area providing some 125 spaces and an approximate site area of 0.99 hectares (2.434 acres).
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 retail warehouse currently used as a garden centre and greenhouse. The property benefits from a large car parking area providing some 125 spaces and an approximate site area of 0.99 hectares (2.434 acres).
VAT
VAT is applicable to this lot.
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
Reviews
Ground
Retail Warehouse/ Garden/Greenhouse
2,538.09 sq m
(27,320 sq ft)
FOCUS (DIY) LTD (1) (guaranteed by Focus Retail Group plc)
35 years from 25/09/1992 until 24/09/2027 on a full repairing and insuring lease
£300,000
29/09/2012 and 5 yearly thereafter
Totals
2,538.09 sq m
(27,320 sq ft)
£300,000
(1) Founded in 1987 and operating from over 175 stores throughout England, Scotland and Wales, Focus DIY & Gardening are one of the leading DIY and gardening retailers in the UK. (Source: www.focusdiy.co.uk 27/04/2011) (2) The headlease benefits from an open A1 user clause.
