New 10 year lease from 13th July 2021 (subject to option)
10,800 sq ft building on large secured self-contained site, extending to 0.8 acres
Let to rapidly expanding tenant with 25 depots in the Midlands & North of England
Located on established Industrial Estate close to M6 and M58 motorways and close to Kraft Heinz, Torque, Arrow XL and CTec
VAT-free investment
Lot 8
Auction 31st March 2022
Rent £74,000 per Annum Exclusive
Status Sold
Price £1,170,000
Sector Trade Counter/Builders Merchants
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles west of Wigan Town Centre
Roads
M6, M58
Rail
Wigan Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated on the well established Martland Park Industrial Estate approximately 2 miles west of Wigan town centre and in close proximity to the M6 and M58 motorways. Occupiers in the immediate vicinity include national and regional companies such as Kraft Heinz, Torque, Arrow XL and CTec.
Tenure
Freehold.
Location
Miles
2 miles west of Wigan Town Centre
Roads
M6, M58
Rail
Wigan Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated on the well established Martland Park Industrial Estate approximately 2 miles west of Wigan town centre and in close proximity to the M6 and M58 motorways. Occupiers in the immediate vicinity include national and regional companies such as Kraft Heinz, Torque, Arrow XL and CTec.
Tenure
Freehold.
Description
The property comprises a trade counter/warehouse arranged on the ground floor together with ancillary offices arranged on the ground & first floors. The property benefits from a large self-contained secure site extended to 0.8 acres with 4 level access loading doors and a secure yard.
The tenant has closed two nearby depots to create this new multicentre offering hire, sales, lifting and non-mechanical equipment, along with training facilities.
VAT
VAT is not applicable to this lot.
Completion Period
6 Week Completion
EPC
Band D.
Description
The property comprises a trade counter/warehouse arranged on the ground floor together with ancillary offices arranged on the ground & first floors. The property benefits from a large self-contained secure site extended to 0.8 acres with 4 level access loading doors and a secure yard.
The tenant has closed two nearby depots to create this new multicentre offering hire, sales, lifting and non-mechanical equipment, along with training facilities.
VAT
VAT is not applicable to this lot.
Completion Period
6 Week Completion
EPC
Band D.
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas (Approx sq m)
Gross Internal Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Rent Review
Ground
First
Trade Counter/Warehouse Offices Offices
668.88 sq m 167.22 sq m 167.22 sq m
(7,200 sq ft) (1,800 sq ft) (1,800 sq ft)
ONE STOP HIRE LIMITED (1)
10 years from 13/07/2021 (2) on a full repairing and insuring lease.
£74,000
13/07/2026
Total
1,003.32 sq m
(10,800 sq ft)
£74,000
(1) For the year ending 31st December 2021, One Stop Hire Limited reported a turnover of £14,759,317 a pre-tax profit of £1,621,765 and shareholder funds of £6,527,074 (Source: North Row 25/02/2022). One Stop Hire currently trade from 25 depots in the Midlands and North of England (2) The lease is subject to a tenant option to determine on 12/07/2027. If the tenant does not operate their break option, a 4 month rent free period will be granted at the start of year 7 - please see lease
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.
