Units 1-8 Crigglestone Industrial Estate High Street Crigglestone, Wakefield West Yorkshire WF4 3HT

Units 1-8 Crigglestone Industrial Estate
High Street
Crigglestone, Wakefield
West Yorkshire
WF4 3HT

Modern Industrial Estate Investment

• Comprises 8 warehouse/production units in a secure and self-contained gated estate
Ideally located off the High Street with excellent access to M1 (Junction 39)
Fully occupied by tenants including Ginsters Ltd
Approximately 1,567.91 sq m (16,877 sq ft) and 0.36 hectares (0.89 acres)
Benefits from on site car parking, roller shutter doors and good eaves height
Six Week Completion Period Available

Lot
5
Auction
29th March 2012
Rent
£74,154 per Annum Exclusive
Status
Sold
Price
£722,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Modern Industrial Estate Investment

• Comprises 8 warehouse/production units in a secure and self-contained gated estate
Ideally located off the High Street with excellent access to M1 (Junction 39)
Fully occupied by tenants including Ginsters Ltd
Approximately 1,567.91 sq m (16,877 sq ft) and 0.36 hectares (0.89 acres)
Benefits from on site car parking, roller shutter doors and good eaves height
Six Week Completion Period Available

Lot 5
Auction 29th March 2012
Rent £74,154 per Annum Exclusive
Status Sold
Price £722,000
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5 miles south of Wakefield 13 miles east of Huddersfield 16 miles south of Leeds
Roads: A636, M1 (Junction 39)
Rail: Wakefield Westgate
Air: Leeds Bradford International Airport

Situation

The property is situated in a prominent position off Dale Road East accessed via High Street and close to the A636. The estate benefits from excellent access to the M1 (Junction 39), M62 and surrounding trunk road network.

Tenure

Virtual Freehold. Virtual freehold. Held for a term of 999 years from 2nd September 1996 until 2995 at a peppercorn rent.

Location

Miles: 5 miles south of Wakefield 13 miles east of Huddersfield 16 miles south of Leeds
Roads: A636, M1 (Junction 39)
Rail: Wakefield Westgate
Air: Leeds Bradford International Airport

Situation

Tenure

Virtual Freehold. Virtual freehold. Held for a term of 999 years from 2nd September 1996 until 2995 at a peppercorn rent.

Description

The property comprises a self contained estate of eight modern warehouse/production units arranged in 3 blocks around a central yard. Each unit benefits from a roller shutter door and a good eaves height. Some of the units also benefit from office accommodation.

VAT

VAT is applicable to this lot.

Viewings

There will be one internal block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Viewings

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/ (Reversion)
1	Industrial	137.77 sq m	(1,483 sq ft)	CRIME & FIRE DEFENCE SYSTEMS LTD	3 years from 24/02/2009	£6,458	Holding over
2	Industrial	167.41 sq m	(1,802 sq ft)	HEDLEY HYDRAULICS LTD	3 years from 20/05/2009	£8,109	(19/05/2012)
3	Industrial	171.68 sq m	(1,848 sq ft)	CMS MANAGEMENT SERVICES LLP	3 years from 06/09/2011 (1)	£7,392 (2)	(06/11/2011)
4 & 5	Industrial	352.01 sq m	(3,789 sq ft)	NIGEL INGHAM MOTOR ENGINEER LTD	3 years from 06/08/2010	£14,209 (3)	(05/08/2013)
6	Industrial	243.87 sq m	(2,625 sq ft)	CLP AIR HANDLING SYSTEMS LTD	5 years from 27/07/2010 (4)	£12,659	(26/07/2015)
7	Industrial	245.91 sq m	(2,647 sq ft)	CLP AIR HANDLING SYSTEMS LTD	5 years from 27/07/2010 (5)	£11,912	(26/07/2015)
8	Industrial	249.26 sq m	(2,683 sq ft)	GINSTERS (6)	24 years from 22/11/1989	£13,415	22/11/2010 (21/11/2013)
Totals		1,567.91 sq m	(16,877 sq ft)			£74,154

(1) Tenant option to determine (personal to the original tenant) on 6th March 2013 on providing 6 months’ written notice.
(2) The rent is subject to a fixed increase to £8,316 p.a. on 6th September 2012.
(3) The rent is subject to a fixed increase to £15,156 p.a on 6th August 2012.
(4) The service charge is capped at £2,318 p.a. with annual uplift.
(5) The service charge is capped at £2,182 p.a. with annual uplift.
(6) Ginsters are a division of Samworth Brothers Ltd who for the year ending 1st January 2011, reported a turnover of £716,190,000, pre-tax profits of £45,128,000 and a net worth of £139,696,000. (Source: www.riskdisk.com 29/02/2012)