3a Mill Lane Industrial Estate Erdiston Tenbury Wells Worcestershire WR15 8JJ

3a Mill Lane Industrial Estate
Erdiston
Tenbury Wells
Worcestershire
WR15 8JJ

Freehold Industrial Investment

Let to Athena Worksurface Fabrications Ltd (t/a Athena Surfaces) until 2034 (subject to option)
Tenant is a Supplier to Nationwide House Builders including Persimmon Homes, Taylor Wimpey, Barratt Homes and Berkeley Homes (1)
Approximately 365.60 sq m (3,935 sq ft)
Site Area of 0.18 Hectares (0.45 Acres) with a site coverage of 20.56%
Established Industrial Estate Location
VAT-Free Investment

Lot
36
Auction
9th July 2024
Rent
£24,000 per Annum Exclusive
Status
Sold
Price
£265,000
Auction Venue
Live Streamed Auction

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Freehold Industrial Investment

Let to Athena Worksurface Fabrications Ltd (t/a Athena Surfaces) until 2034 (subject to option)
Tenant is a Supplier to Nationwide House Builders including Persimmon Homes, Taylor Wimpey, Barratt Homes and Berkeley Homes (1)
Approximately 365.60 sq m (3,935 sq ft)
Site Area of 0.18 Hectares (0.45 Acres) with a site coverage of 20.56%
Established Industrial Estate Location
VAT-Free Investment

Lot 36
Auction 9th July 2024
Rent £24,000 per Annum Exclusive
Status Sold
Price £265,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles east of Tenbury Wells, 7.5 miles south-west of Stourport-on-Severn and 12.5 miles north-west of Worcester
Roads: A443, A456, M5
Rail: Severn Valley Railway Station
Air: Birmingham Airport

Situation

The property is situated on the east of Mill Lane to the south of it's junction with the A443, on the established Mill Lane Industrial Estate. Athena Surfaces also occupy another production facility opposite the property.

Tenure

Freehold.

Location

Miles: 6 miles east of Tenbury Wells, 7.5 miles south-west of Stourport-on-Severn and 12.5 miles north-west of Worcester
Roads: A443, A456, M5
Rail: Severn Valley Railway Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor steel portal framed industrial unit. The unit benefits from an eaves height of approximately 4.75m (15.58 ft) and benefits from a roller shutter vehicle access loading door. The property also benefits from approximately 25 car parking spaces and a site area of approximately 0.18 Hectares (0.45 Acres) with a site coverage of 20.56%.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground	Industrial	365.60	(3,935)	ATHENA WORKSURFACE FABRICATIONS LTD (CRN: 09094689) (1)	15 years from 01/06/2019 (2)	£24,000	01/06/2029 (31/05/2034)
Total Approximate Floor Area		365.60	(3,935)			£24,000

(1) Athena Surfaces was created in 2014 to provide UK housebuilders with the reliable supply and install of kitchen worksurfaces. They are manufacturers and installers of quartz, natural granite, and
sintered stone worksurfaces, supplying the UK’s largest housebuilders including Persimmon Homes, Taylor Wimpey, Barratt Homes and Berkeley Homes. (www.athenaworksurfaces.co.uk.)
(2) The lease provides for a tenant option to determine the lease on 01/06/2026

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.