Let to Multi-Tile Limited (t/a Topps Tiles) until 2025 (no breaks)
Located on the well established Tamar View Industrial Estate
Major occupiers on the estate include Waitrose, B&M Stores, Euro Car Parts, Toolstation, Howdens Joinery and Travelodge
Lot 7
Auction 11th December 2019
Rent £44,460 per Annum Exclusive
Status Sold
Price £625,000
Sector Trade Counter/Builders Merchants
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
6 miles north-west of Plymouth
43 miles south-west of Exeter
120 miles south-west of Bristol
Roads
A38, A388, A386
Rail
Saltash Railway Station
Situation
Saltash is located on the west side of the Tamar Bridge and approximately 6 miles north-west of Plymouth. The property is situated on the well established Tamar View Industrial Estate, north of the A38 dual carriageway. Major occupiers on the estate include Waitrose, Screwfix, B&M Stores, Euro Car Parts, Toolstation, Howdens Joinery and Travelodge.
Tenure
Freehold.
Location
Miles
6 miles north-west of Plymouth
43 miles south-west of Exeter
120 miles south-west of Bristol
Roads
A38, A388, A386
Rail
Saltash Railway Station
Situation
Saltash is located on the west side of the Tamar Bridge and approximately 6 miles north-west of Plymouth. The property is situated on the well established Tamar View Industrial Estate, north of the A38 dual carriageway. Major occupiers on the estate include Waitrose, Screwfix, B&M Stores, Euro Car Parts, Toolstation, Howdens Joinery and Travelodge.
Tenure
Freehold.
Description
The property comprises a ground floor trade counter unit benefiting from an eaves height of approximately 5 metres and car parking.
VAT
VAT is not applicable to this lot.
Note
The neighbouring property occupied by Screwfix is being offered as Lot 15.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a ground floor trade counter unit benefiting from an eaves height of approximately 5 metres and car parking.
VAT
VAT is not applicable to this lot.
Note
The neighbouring property occupied by Screwfix is being offered as Lot 15.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Trade counter
391.61 sq m
(4,215 sq ft)
MULTI-TILE LIMITED t/a Topps Tiles (1)
10 years from 27/01/2015 on a full repairing and insuring lease (2)
£44,460
27/01/2020 (26/01/2025)
Totals
391.61 sq m
(4,215 sq ft)
£44,460
(1) For the year ending 29th September 2018, Multi-tile Limited reported pre-tax profits of £9,139,000 and a total net worth of £188,124,000 (Source: Experian Group 01/10/2019).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
