Let to Screwfix Direct Limited until 2024 (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 15
Auction 11th December 2019
Rent £50,000 per Annum Exclusive
Status Sold
Price £700,000
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, B&M Stores, Topps Tiles, 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, B&M Stores, Topps Tiles, Euro Car Parts, Toolstation, Howdens Joinery and Travelodge.
Tenure
Freehold.
Description
The property comprises a modern unit with ground floor trade counter accommodation benefiting from an average eaves height of approximately 4 metres (13 feet) and car parking.
VAT
VAT is not applicable to this lot.
Note
The neighbouring property occupied by Topps Tiles is being offered as lot 7.
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk
Description
The property comprises a modern unit with ground floor trade counter accommodation benefiting from an average eaves height of approximately 4 metres (13 feet) and car parking.
VAT
VAT is not applicable to this lot.
Note
The neighbouring property occupied by Topps Tiles is being offered as lot 7.
Completion Period
Six Week Completion
EPC
Band B. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Trade Counter
458.3 sq m
(4,933 sq ft)
SCREWFIX DIRECT LIMITED (1)
10 years from 03/01/2014 on a full repairing and insuring lease (2)
£50,000
03/01/2019 (02/01/2024)
Total
458.3 sq m
(4,933 sq ft)
£50,000
(1) For the year ending 31st January 2018, Screwfix Direct Limited reported a turnover of £1,527,092,000, pre-tax profits of £171,523,000 and a total net worth of £569,587,000 (Source: Experian Group 01/11/2019). (2) The lease is subject to a schedule of condition.
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.
