Units 1 - 11 Leyland Close Fisons Way Thetford Norfolk IP24 1XA
Units 1 - 11 Leyland Close Fisons Way Thetford Norfolk IP24 1XA
Multi-Let Industrial Estate Investment
Established Fison Way Industrial Estate within 1 mile of the A11
11 units totalling 1,244.07 sq m (13,390 sq ft)
Site area of approximately 0.35 hectares (0.86 acres) and site coverage 36%
Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus
Lot 4
Auction 12th February 2020
Rent £53,450 per Annum Exclusive
Status Sold Post
Price
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Established Fison Way Industrial Estate within 1 mile of the A11
11 units totalling 1,244.07 sq m (13,390 sq ft)
Site area of approximately 0.35 hectares (0.86 acres) and site coverage 36%
Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus
Lot 4
Auction 12th February 2020
Rent £53,450 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On Behalf of Receivers
Property Information
Location
Miles
13 miles north of Bury St Edmunds
32 miles north-east of Cambridge
30 miles south-east of Norwich
Roads
A1066, A134, A11
Rail
Thetford Railway Station
Air
Norwich International Airport
Situation
The property is located within the well established Fison Way Industrial Estate some 1.5 miles north of the town centre and within 1 mile of the A11 trunk road which leads to the M11 Motorway. Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus.
Tenure
Long Leasehold. Held from Individuals (who hold an intermediate co-terminous lease from the freeholder being the local authority) for a term of 99 years less 7 days from 1st April 1983 at a current ground rent reserved of £14,500 per annum exclusive. The rent is reviewed every 7 years with the next review in 2025.
Location
Miles
13 miles north of Bury St Edmunds
32 miles north-east of Cambridge
30 miles south-east of Norwich
Roads
A1066, A134, A11
Rail
Thetford Railway Station
Air
Norwich International Airport
Situation
The property is located within the well established Fison Way Industrial Estate some 1.5 miles north of the town centre and within 1 mile of the A11 trunk road which leads to the M11 Motorway. Nearby occupiers include Hughes Service Centre, Boniface Engineering, TNT, CCF Insulation, Centurion Safety Products, Nissan, Kia, Ford and Volvo Truck & Bus.
Tenure
Long Leasehold. Held from Individuals (who hold an intermediate co-terminous lease from the freeholder being the local authority) for a term of 99 years less 7 days from 1st April 1983 at a current ground rent reserved of £14,500 per annum exclusive. The rent is reviewed every 7 years with the next review in 2025.
Description
The property comprises a terrace of 11 ground floor industrial units. The units benefit from roller shutter doors and a front yard area providing parking and loading. In total, the units comprise 1,244.07 sq m (13,390 sq ft) and the approximate site area is
0.35 hectares (0.86 acres) and site coverage 36%. The approximate eaves height varies, with units 1, 2 and 3 at 3.5 metres and the rest of the units at 5.2 metres.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a terrace of 11 ground floor industrial units. The units benefit from roller shutter doors and a front yard area providing parking and loading. In total, the units comprise 1,244.07 sq m (13,390 sq ft) and the approximate site area is
0.35 hectares (0.86 acres) and site coverage 36%. The approximate eaves height varies, with units 1, 2 and 3 at 3.5 metres and the rest of the units at 5.2 metres.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
1 & 2
Ground Floor
Industrial
217.40 sq m
(2,340 sq ft)
HAMMONDS FURNITURE LTD
3 years from 15/09/2016 (1)
£9,750
(22/02/2020) (1)
3
Ground Floor
Industrial
108.70 sq m
(1,170 sq ft)
CARBON ME LTD
3 years from 01/07/2014
£4,500
Holding Over
4
Ground Floor
Industrial
108.70 sq m
(1,170 sq ft)
EAST ANGLIA SWIFT TRANSPORT LTD
5 years from 06/09/2017 (2)
£5,200
(05/09/2022)
5
Ground Floor
Industrial
108.81 sq m
(1,171 sq ft)
INDIVIDUAL t/a DKM Services
3 years from 01/07/2013 (3)
£4,500
Holding Over
6
Ground Floor
Industrial
108.64 sq m
(1,169 sq ft)
INDIVIDUAL t/a Peels 4 U
5 years from 02/04/2015 (4)
£4,500
(24/03/2020)
7
Ground Floor
Industrial
108.70 sq m
(1,170 sq ft)
ONLINE LUBRICANTS LIMITED
5 years from 07/11/2016
£5,000
(06/11/2021)
8 & 9
Ground Floor
Industrial
216.92 sq m
(2,335 sq ft)
MANPOWER ELECTRICAL SERVICES LTD
6 years from 14/05/2018
£10,000
14/05/2021 (13/05/2024)
10 & 11
Ground Floor Mezzanine
Industrial Storage
218.23 sq m 47.97 sq m
(2,349 sq ft) (516 sq ft)
ABLE CRANES LTD
5 years from 25/03/2019
£10,000
(24/03/2024)
Totals
1,244.07 sq m
(13,390 sq ft)
£53,450
(1) As to units 1 and 2, the lease provides for a rolling option to determine. The tenant has served notice to determine the lease on 22nd February 2020. Heads of Terms have been drafted for a new lease to an individual bespoke joinery company for a term of six years, with a tenant option to determine the lease at the end of the third year, at a proposed rent of £10,000 per annum exclusive. (2) As to unit 4, the tenant has not exercised their option to determine in June 2020. (3) As to unit 5, the lease provides for an annual option to determine. (4) As to unit 6, the tenant has served notice to determine the lease on 24th March 2020.
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.
