Entirely let to Wolseley UK Ltd on a 20 year lease until 2017
Located within the established Tachbrook Business Park
Approximate site area of 0.23 hectares (0.57 acres) and a low site coverage of 27%
On-site car parking
Six Week Completion Available
Lot 8
Auction 6th December 2012
Rent £45,945 per Annum Exclusive
Status Sold
Price £485,000
Sector Trade Counter/Builders Merchants
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of The Co-operative Estates
Property Information
Location
Miles
1 mile south of Royal Leamington Spa, 11 miles south of Coventry, 18 miles south-west of Birmingham
Roads
A425, A452, M40 (Junctions 13 & 14)
Rail
Leamington Spa Rail Station
Air
Birmingham International Airport
Situation
The property is situated on the eastern side of Delphi Close within Tachbrook Business Park, the premier business park in Warwick and Leamington Spa. The adjacent A452 gives access to the town centre and junctions 13 and 14 of the M40 which lies approximately 2 miles to the south-west.
Tenure
Freehold.
Location
Miles
1 mile south of Royal Leamington Spa, 11 miles south of Coventry, 18 miles south-west of Birmingham
Roads
A425, A452, M40 (Junctions 13 & 14)
Rail
Leamington Spa Rail Station
Air
Birmingham International Airport
Situation
The property is situated on the eastern side of Delphi Close within Tachbrook Business Park, the premier business park in Warwick and Leamington Spa. The adjacent A452 gives access to the town centre and junctions 13 and 14 of the M40 which lies approximately 2 miles to the south-west.
Tenure
Freehold.
Description
The property comprises a trade counter/warehouse unit with an eaves height of 5.60 metres and a level access loading door. The property also benefits from a large yard, used for loading and parking and a total approximate site area of 0.23 hectares (0.57 acres)
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 trade counter/warehouse unit with an eaves height of 5.60 metres and a level access loading door. The property also benefits from a large yard, used for loading and parking and a total approximate site area of 0.23 hectares (0.57 acres)
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Trade Counter/Warehouse
618.76 sq m
(6,661 sq ft)
WOLSELEY UK LTD (1)
20 years from 22/07/1997 on a full repairing and insuring lease
£45,945
21/07/2017
Totals
618.76 sq m
(6,661 sq ft) (2)
£45,945
(1) Wolseley UK Limited is the UK operating company of Wolseley plc, the world’s number one distributor of heating and plumbing products and a leading supplier of builders’ products to the professional market. (www.wolseley.co.uk) For the year ending 31st July 2011, Wolseley UK Limited reported a turnover of £1,906,668,000, pre-tax profits of £1,987,000 and a total net worth of £945,541,000. (Source: www.riskdisk.com 09/11/2012) (2) In addition, there is a further 3,235 sq ft mezzanine level that is a tenant’s improvement.
Contacts
Seller's Solicitors
Weightmans Solicitors Pall Mall Court, 61-67 King Street Manchester M2 4PD
