Units 5, 6,& 7 Corinium Industrial Estate Raans Road Amersham Buckinghamshire HP6 6HU

Units 5, 6,& 7 Corinium Industrial Estate
Raans Road
Amersham
Buckinghamshire
HP6 6HU

Freehold Multi-let Industrial Investment

Comprises 3 self-contained warehouse units on the established Corinium Industrial Estate
Tenants include Kerry Foods Ltd & Forkway Ltd
Opposite the Maple Lawns CALA Homes Residential Development
Future development potential (subject to consents)
Nearby occupiers include Amersham Audi Car Showroom, Jewsons and ASD Signs
Excellent access to the M25 and M40
Six Week Completion Available

Lot
11
Auction
18th October 2012
Rent
£167,000 per Annum Exclusive
Status
Sold
Price
£1,400,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Joint Fixed Charge Receivers

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Freehold Multi-let Industrial Investment

Comprises 3 self-contained warehouse units on the established Corinium Industrial Estate
Tenants include Kerry Foods Ltd & Forkway Ltd
Opposite the Maple Lawns CALA Homes Residential Development
Future development potential (subject to consents)
Nearby occupiers include Amersham Audi Car Showroom, Jewsons and ASD Signs
Excellent access to the M25 and M40
Six Week Completion Available

Lot 11
Auction 18th October 2012
Rent £167,000 per Annum Exclusive
Status Sold
Price £1,400,000
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Joint Fixed Charge Receivers

Property Information

Location

Miles: 9 miles north-east of High Wycombe, 14 miles south-west of Hemel Hempstead, 30 miles north-west of London
Roads: A404, A413, M25 & M40
Rail: Amersham Railway (Chiltern Line) & Underground Station (Metropolitan Line) & Chalfont & Latimer Railway Station
Air: Heathrow International Airport

Situation

The property is situated approximately one mile east of Amersham town centre, on the established Corinium Industrial Estate. The estate is accessed via Raans Road, off the A404, which connects to the M25 (junction 18) to the east, and the M40 (junctions 2 & 4) to the south. Nearby occupiers include Amersham Audi Car Showroom, Jewsons and ASD Signs. The property lies opposite the new Maple Lawns CALA Homes residential development and may have future development potential subject to the usual consents.

Tenure

Freehold.

Location

Miles: 9 miles north-east of High Wycombe, 14 miles south-west of Hemel Hempstead, 30 miles north-west of London
Roads: A404, A413, M25 & M40
Rail: Amersham Railway (Chiltern Line) & Underground Station (Metropolitan Line) & Chalfont & Latimer Railway Station
Air: Heathrow International Airport

Situation

Tenure

Freehold.

Description

The property comprises three self-contained warehouse units. Unit 5 benefits from 2 roller shutter doors and 6 bi-folding doors, Unit 6 benefits from 1 roller shutter door while Unit 7 benefits from 2 roller shutter doors. All three properties occupy a total site area of approximately 0.683 hectares (1.688 acres). There is extensive parking for approximately 60 cars within the demise.

Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

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)		Tenant	Term	Rent p.a.x	Reviews/(Reversion)
Unit 5	Warehouse	466.93 sq m	(5,026 sq ft)	KERRY FOODS LTD (1)	5 years from 06/01/2011 on a full repairing and insuring lease (2)	£30,500	(05/01/2016)
Unit 6	Warehouse	438.87 sq m	(4,724 sq ft)	KERRY FOODS LTD (1)	5 years from 06/01/2011 on a full repairing and insuring lease (3)	£31,500	(05/01/2016)
Unit 7	Warehouse Office	1,231.52 sq m 238.38 sq m	(13,256 sq ft) (2,566 sq ft)	FORKWAY LTD (4)	20 years from 08/09/1997 on a full repairing and insuring lease	£105,000	07/09/2012 (07/09/2017)
Totals		2,375.70 sq m	(25,572 sq ft)			£167,000

(1) For the year ending 31st December 2010, Kerry Foods Limited reported a turnover of £567,886,664, pre-tax profits of £24,735,668 and a total net worth of £112,522,993. (Source: www.riskdisk.com 19/09/2012)
(2)Includes a provision for 24 car parking spaces.
(3)Includes a provision for 9 car parking spaces.
(4)For the year ending 31st January 2011, Forkway Ltd reported a turnover of £7,705,902, pre-tax profits of £198,837 and a net worth of £1,489,595. (Source: www.riskdisk.com 19/09/2012)