Unit 36, Normanton Industrial Estate Mildred Sylvester Way Normanton West Yorkshire WF6 1TA

Unit 36, Normanton Industrial Estate
Mildred Sylvester Way
Normanton
West Yorkshire
WF6 1TA

Detached Freehold Industrial/Warehouse Investment

Let to Woods Corporate Services Limited with personal guarantee (t/a Chariots Express/Hexagon International Freight)
New 10 year lease from March 2019 (no breaks)
Approximately 2,084.38 sq m (22,437 sq ft) with large secured yard, loading area and separate parking
Site area 1.38 acres (0.55 hectares)
Established industrial estate, half a mile from J31 of M62 motorway

Lot
15
Auction
26th March 2020
Rent
£150,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Detached Freehold Industrial/Warehouse Investment

Let to Woods Corporate Services Limited with personal guarantee (t/a Chariots Express/Hexagon International Freight)
New 10 year lease from March 2019 (no breaks)
Approximately 2,084.38 sq m (22,437 sq ft) with large secured yard, loading area and separate parking
Site area 1.38 acres (0.55 hectares)
Established industrial estate, half a mile from J31 of M62 motorway

Lot 15
Auction 26th March 2020
Rent £150,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Industrial, Warehouse
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 11 miles south-east of Leeds; 26 miles south-west of York
Roads: M62 (J31)
Rail: Normanton
Air: Leeds Bradford Airport

Situation

The property is situated on the established and well located Normanton Industrial Estate, approximately 11 miles south-east of Leeds. The estate is strategically situated adjacent to the M62 Motorway, about half a mile from Junction 31, providing excellent road connectivity via Pontefract Road (A655). The property is located on the corner of Mildred Sylvester Way and Don Pedro Avenue. Nearby occupiers on the estate include Sheridan Fabrications, CMS Tools, Ashleigh Signs and Morrison Utility Services.

Tenure

Freehold.

Location

Miles: 11 miles south-east of Leeds; 26 miles south-west of York
Roads: M62 (J31)
Rail: Normanton
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a large detached ground floor warehouse, with offices arranged on ground and first floor, along with a permanent mezzanine floor. The property, which underwent a refurbishment programme, benefits from a large secure yard and loading area, and separate parking with capacity for up to 70 cars.

VAT

VAT is applicable to this lot.

EPC

Band D. Please see legal pack at acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

EPC

Band D. Please see legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Ground First Mezzanine	Warehouse Offices Offices Ancillary	1,518.78 sq m 173.21 sq m 199.39 sq m 193.00 sq m	(16,348 sq ft) (1,864 sq ft) (2,146 sq ft) (2,078 sq ft)	WOODS CORPORATE SERVICES LIMITED (1) with personal guarantee t/a Chariots Express/ Hexagon International Freight	10 years from 29/03/2019 until 28/03/2029 on a full repairing and insuring lease	£150,000 (2)	(3) 29/03/2022 29/03/2025 29/03/2028
Total		2,084.38 sq m	(22,437 sq ft)			£150,000

(1) Woods Corporate Services, which owns Chariots Express/Hexagon International Freight has been in business since 1990 and operates throughout the UK, East and West Europe. Chariots Express is a 24 hour courier company (www.chariotsexpress.co.uk).
(2) The current passing rent under the terms of the lease is £125,000 pa, rising to a minimum of £150,000 pa in March 2022. The vendor has agreed to adjust the completion monies so that the property effectively produces £150,000 pa from completion of the sale until the minimum fixed rental uplift in March 2022.
3) The rent is reviewed to the higher of OMV or RPI, subject to a minimum rental uplift of £150,000 pa in March 2022.

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.