Let to A B Turney, E Turney & B C J Turney until 2075
2018 rent review
Established industrial estate
Approximate site area of 0.24 hectares (0.6 acres)
Nearby occupiers include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings
Lot 2
Auction 8th July 2010
Rent £13,000 per Annum
Status Sold
Price £265,000
Sector Ground Rent
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
15,000
Miles
13 miles east of Bedford
26 miles west of Cambridge
9 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy
Air
Luton
Situation
The property is prominently situated in the established Middlefield Industrial Estate, the principal industrial area of Sandy. The estate is accessed via Sunderland Road, which the property fronts, to the east of the town centre. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings.
Tenure
Freehold.
Location
Estimated District Population
15,000
Miles
13 miles east of Bedford
26 miles west of Cambridge
9 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy
Air
Luton
Situation
The property is prominently situated in the established Middlefield Industrial Estate, the principal industrial area of Sandy. The estate is accessed via Sunderland Road, which the property fronts, to the east of the town centre. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings.
Tenure
Freehold.
Description
The property comprises a SITE of approximately 0.24 hectares (0.6 acres) upon which has been constructed a PURPOSE BUILT INDUSTRIAL AND OFFICE BUILDING.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a SITE of approximately 0.24 hectares (0.6 acres) upon which has been constructed a PURPOSE BUILT INDUSTRIAL AND OFFICE BUILDING.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Hectares
Acres
Tenant
Term
Rent p.a.x
Review
54
Workshop, Office and Storage
498.50 sq m (5,366 sq ft)
0.24
0.6
A B TURNEY, E TURNEY & B C J TURNEY (t/a TAL-KO) (3)
99 years from 21/05/1976 until 2075 on a full repairing and insuring lease
£13,000
21/05/2018 and 14 yearly thereafter (4)
Totals
498.50 sq m (2) (5,366 sq ft)
0.24
0.6 (1)
£13,000
(1)The lease refers to the acreage as being '0.6 acres or thereabouts'. (2) Please note, these floor areas do not include the mezzanine level. (3) Tal-Ko Racing are the UK's largest manufacturer of engines for kart racing and a leader within the sport of karting for over 40 years. Tal-Ko Racing has a fine reputation as a manufacturer of the famous TKM engine brand as well as the championship winning TKM kart range. Aside from running the UK's largest karting category, Formula TKM, the company is also a UK agent of the world championship winning Italian CRG range of karts and parts, MAXXIS tyres, PVL Ignitions, HORSTMAN Clutches, WALBRO Carburettors and the superior Italian kart component manufacturer WILD KART. (Source: www.tal-ko.com 07/06/2010) (4)Various ground rent reviews and renewals have recently been settled on this estate. For further information please refer to the Auctioneers.
Contacts
Seller's Solicitors
Forsters LLP 31 Hill Street London W1J 5LS 020 7863 8444
