Plumb Center Unit B2, Spartan Close, Tachbrook Park Leamington Spa CV34 6RR

Plumb Center
Unit B2, Spartan Close, Tachbrook Park
Leamington Spa
CV34 6RR

Freehold Trade Counter/Warehouse Investment

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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of The Co-operative Estates

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Freehold Trade Counter/Warehouse Investment

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

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

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.