Let to D W General Wood Machinists Limited until 2077
Important rent review in 2018
Approximate site area of 0.28 hectares (0.69 acres)
Nearby occupiers include Travis Perkins, Marshalls Mono Concrete Ltd and D W Mouldings
Lot 31
Auction 27th May 2010
Rent £17,715 per Annum
Status Sold
Price £300,000
Sector Ground Rent
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
15,000
Miles
?13 miles east of Bedford
26 miles west of Cambridge
59 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy
Air
Luton
Situation
The property is prominently situated in the established Middlefield Industrial Estate, the principal industrial area of Sandy. The estate is accessed via Sunderland Road, which the property fronts, to the east of the town centre. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and D W Mouldings.
Tenure
Freehold.
Location
Estimated District Population
15,000
Miles
?13 miles east of Bedford
26 miles west of Cambridge
59 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy
Air
Luton
Situation
The property is prominently situated in the established Middlefield Industrial Estate, the principal industrial area of Sandy. The estate is accessed via Sunderland Road, which the property fronts, to the east of the town centre. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and D W Mouldings.
Tenure
Freehold.
Description
The property comprises a site of approximately 0.28 hectares (0.69 acres) upon which has been constructed a PURPOSE BUILT INDUSTRIAL UNIT with WORKSHOP, OFFICE AND STORAGE ACCOMMODATION. VATVAT is applicable on this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 0.28 hectares (0.69 acres) upon which has been constructed a PURPOSE BUILT INDUSTRIAL UNIT with WORKSHOP, OFFICE AND STORAGE ACCOMMODATION. VATVAT is applicable on this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Hectares
Acres
Tenant
Term
Rent p.a.x
Reviews
56
Workshop, Office & Storage
640 sq m
(6,889 sq ft)
0.28
0.69
D W GENERAL WOOD MACHINISTS LIMITED (1)
99 years from 15/08/1978
£17,715
15/08/2018 and 10 yearly (2)
Totals
640 sq m
(6,889 sq ft)
0.28
0.69
£17,715
(1)?For the year ending 31st August 2009, D W General Wood Machinists Ltd reported a net worth of ?1,409,000. (Source: www.riskdisk.com 28/04/2010) (2)?Various ground rent reviews and renewals have recently been settled on this estate. For further information please refer to the Auctioneers.
Contacts
Seller's Solicitors
Forsters LLP 31 Hill Street London W1J 5LS 020 7863 8444
