Howdens Joinery, Unit A, 8 Snipefield Industrial Estate Tarbet Road, Drumore Campbeltown Argyll & Bute PA28 6SY

Howdens Joinery, Unit A, 8 Snipefield Industrial Estate
Tarbet Road, Drumore
Campbeltown
Argyll & Bute
PA28 6SY

Heritable Trade Counter/Industrial Investment

Let to Howdens Joinery Properties Limited with a guarantee from Howdens Joinery Limited
Lease extended in 2019 for a further 10 years without break and no reduction in rent
Detached property comprising 580.47 sq m
(6,248 sq ft)
Prominent main road frontage, close to Jewsons, Peugeot Car Showroom and Buildbase on established industrial estate

Lot
16
Auction
10th December 2020
Rent
£28,000 per Annum Exclusive
Status
Sold
Price
£370,000
Auction Venue
Live Streamed Auction
On Behalf of Trustees

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Heritable Trade Counter/Industrial Investment

Let to Howdens Joinery Properties Limited with a guarantee from Howdens Joinery Limited
Lease extended in 2019 for a further 10 years without break and no reduction in rent
Detached property comprising 580.47 sq m
(6,248 sq ft)
Prominent main road frontage, close to Jewsons, Peugeot Car Showroom and Buildbase on established industrial estate

Lot 16
Auction 10th December 2020
Rent £28,000 per Annum Exclusive
Status Sold
Price £370,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction
On Behalf of Trustees

Property Information

Location

Miles: 61 miles south-west of Glasgow
Roads: A83
Rail
Air: Glasgow Airport

Situation

Campbeltown is situated by Campbeltown Loch on the Kintyre peninsula. The property is situated one mile to the north of Campbeltown, on the well established Snipefield Industrial Estate, just off Tarbet Road. Nearby occupiers include Jewsons, Buildbase and a Peugeot car showroom.

Tenure

Heritable. (Scottish Equivalent of Freehold).

Location

Miles: 61 miles south-west of Glasgow
Roads: A83
Rail
Air: Glasgow Airport

Situation

Tenure

Heritable. (Scottish Equivalent of Freehold).

Description

The property comprises a detached ground floor trade counter/warehouse with ancillary office accommodation. The property benefits from an outbuilding used for further storage.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion.

EPC

See legal pack at www.acuitus.co.uk.

Description

The property comprises a detached ground floor trade counter/warehouse with ancillary office accommodation. The property benefits from an outbuilding used for further storage.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion.

EPC

See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Warehouse/ Office/Ancillary Outbuilding	580.47 sq m 28.99 sq m	(6,248 sq ft) (312 sq ft)	HOWDEN JOINERY PROPERTIES LTD (1) with a guarantee from HOWDEN JOINERY LTD (2)	10 years from 06/02/2019 until 05/02/2029 on a full repairing and insuring lease (3)	£28,000	06/02/2024
Total		609.46 sq m	(6,560 sq ft)			£28,000

(1) For the year ending 21/12/2019, Howden Joinery Properties Limited reported a turnover of £60,516,000, pre-tax profits of £2,881,000 and total assets of £122,678,000 (NorthRow 13/11/2020).
(2) For the year ending 21/12/2019, Howden Joinery Limited reported a turnover of £1,560,143,000, pre-tax profits of £295,328,000 and total assets of £2,272,395,000 (NorthRow 13/11/2020).
(3) The lease is FR&I, 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.