Well Secured Freehold Wholesale Warehouse Investment
Let to Booker Limited (now a part of Tesco Plc) until September 2028 with no breaks
Totalling approx. 2,404.80 sq m (25,885 sq ft)
Approximate site area of 0.67 hectares (1.65 acres), low site coverage of 36%
Established location with nearby occupiers including Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords and McDonald’s
Excellent EPC rating of B - 49
Lot 11
Auction 24th May 2018
Rent £106,250 per Annum Exclusive
Status Sold Prior
Price
Sector Retail Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
20 miles south-west of Bristol, 30 miles west of Bath, 30 miles north of Taunton
Roads
A370, M5 (Junction 21)
Rail
Weston-super-Mare Railway Station, Weston Milton Railway Station
Air
Bristol Airport
Situation
Weston-super-Mare is a popular tourist destination located 20 miles south-west of Bristol and benefits from excellent road communications being situated on the A370, which provides access to junction 21 of the M5. The property is situated on the north side of Searle Crescent, off Herluin Way (A370) in an established retail warehouse location. Nearby occupiers include Peugeot, Toyota, Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords, Iceland and McDonald’s.
Tenure
Freehold.
Location
Miles
20 miles south-west of Bristol, 30 miles west of Bath, 30 miles north of Taunton
Roads
A370, M5 (Junction 21)
Rail
Weston-super-Mare Railway Station, Weston Milton Railway Station
Air
Bristol Airport
Situation
Weston-super-Mare is a popular tourist destination located 20 miles south-west of Bristol and benefits from excellent road communications being situated on the A370, which provides access to junction 21 of the M5. The property is situated on the north side of Searle Crescent, off Herluin Way (A370) in an established retail warehouse location. Nearby occupiers include Peugeot, Toyota, Waitrose, Asda, Next, Travis Perkins, Majestic Wine, Dunelm, Halfords, Iceland and McDonald’s.
Tenure
Freehold.
Description
The property comprises a detached single storey warehouse with mezzanine totalling approximately
2,404.80 sq m (25,885 sq ft). The warehouse benefits from an eaves height of 6.75m, a 4m loading door and on-site car parking for approximately 55 cars. The site extends to 0.67 hectares (1.65 acres), providing a low site coverage of 36%.
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
The property comprises a detached single storey warehouse with mezzanine totalling approximately
2,404.80 sq m (25,885 sq ft). The warehouse benefits from an eaves height of 6.75m, a 4m loading door and on-site car parking for approximately 55 cars. The site extends to 0.67 hectares (1.65 acres), providing a low site coverage of 36%.
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
Reviews
Ground Mezzanine
Warehouse/Ancillary Ancillary
2,337.32 sq m 67.48 sq m
(25,159 sq ft) (726 sq ft)
BOOKER LIMITED (1)
15 years from 17/09/2013 until 16/09/2028 on a full repairing and insuring lease
£106,250
17/09/2018 & 17/09/2023
Total
2,404.80 sq m
(25,885 sq ft)
£106,250
(1) Booker Group is the UK’s leading food wholesaler. Tesco Plc has recently completed its acquisition of Booker Group to create the UK’s largest food group. For the year ending 24th March 2017, Booker Limited reported a turnover of £3,700,500,000, pre-tax profits of £128,000,000 and a total net worth of £611,800,000 (Source: Experian Group 17/04/2018).
Contacts
Seller's Solicitors
Thrings LLP The Paragon, Counterslip Bristol Avon BS1 6BX
