Jewson 265 Godstone Road Kenley Greater London CR8 5BP

Jewson
265 Godstone Road
Kenley
Greater London
CR8 5BP

Freehold Trade Counter Investment

Let to Jewson Limited for 25 years
Benefits from privity of contract from Wickes, now owned by Travis Perkins plc
Approximately 1,766 sq m (19,010 sq ft)
Low site coverage of 33% and site area of 0.53 hectares (1.30 acres)
Excellent access to London, the South-East, M25 and M23
Six Week Completion Available

Lot
16
Auction
6th December 2012
Rent
£153,700 per Annum Exclusive
Status
Sold
Price
£1,675,000
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 Investment

Let to Jewson Limited for 25 years
Benefits from privity of contract from Wickes, now owned by Travis Perkins plc
Approximately 1,766 sq m (19,010 sq ft)
Low site coverage of 33% and site area of 0.53 hectares (1.30 acres)
Excellent access to London, the South-East, M25 and M23
Six Week Completion Available

Lot 16
Auction 6th December 2012
Rent £153,700 per Annum Exclusive
Status Sold
Price £1,675,000
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: 4 miles south of Croydon town centre, 10 miles north of Reigate, 15 miles south of London City centre
Roads: A22, A23, M23, M25
Rail: Kenley (Direct to London Victoria or London Bridge, 38 mins), East Croydon
Air: London Gatwick Airport, London City Airport, London Heathrow

Situation

Kenley is located within the London Borough of Croydon, 4 miles south of Croydon town centre and 15 miles south of the Centre of London, with excellent communication links. The property is prominently and strategically situated adjacent to the A22, which connects Sussex and South London, the M25 and the M23 that connects the M25 with Crawley and Brighton via the A23.

Tenure

Freehold.

Location

Miles: 4 miles south of Croydon town centre, 10 miles north of Reigate, 15 miles south of London City centre
Roads: A22, A23, M23, M25
Rail: Kenley (Direct to London Victoria or London Bridge, 38 mins), East Croydon
Air: London Gatwick Airport, London City Airport, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a substantial trade counter unit with an eaves height of 5.54 m and a roller shutter door. The property benefits from a significant yard providing ample car parking and delivery space and a site of approximately 0.53 hectares (1.30 acres). There is an electricity substation on site. In addition there is an area of land to the rear of the property included in the sale.

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	Reviews/(Reversion)
Ground Ground	Trade Counter Main Warehouse	529.14 sq m 1,236.93 sq m	(5,696 sq ft) (13,314 sq ft)	JEWSON LIMITED (ON ASSIGNMENT FROM WICKES PROPERTIES LIMITED WITH SURETY FROM WICKES HOLDINGS LIMITED) (1) (2) (3)	25 years from 03/08/1993 until 02/08/2018 on a full repairing and insuring lease	£153,700	03/08/2013
Totals		1,766.07 sq m	(19,010 sq ft)			£153,700

(1) Founded in 1836 Jewson Limited are the UK’s leading supplier of sustainable timber and building materials and currently operates from over 500 branches. (Source; www.jewson.co.uk) Jewson Limited is a wholly owned subsidary of Saint-Gobain Building Distribution Limited. For the year ending 31st December 2011, Saint-Gobain Building Distribution Limited reported a turnover of £534,833,000, pre-tax profits of £4,280,000 and a total net worth of £154,388,000 (Source: www.riskdisk.com 9/11/2012)
(2)The lease is pre-1996 and therefore Wickes Properties Limited and Wickes Holdings Limited remain liable under privity until the end of the term. Both companies are subsidiaries of Travis Perkins plc following the acquisition of Wickes in February 2005 by Travis Perkins. (Source: www.travisperkinsplc.co.uk)
(3)For the year ending 31st December 2011, Wickes Properties Limited reported a turnover of £639,000, pre-tax profits of £21,000 and a net worth of £4,770,000. Wickes Holdings Limited reported a net worth of £18,413,000. Travis Perkins plc reported a turnover of £4,779,100,000, pre-tax profits of £269,600,000 and a net worth of £12,700,000. (Source: www.riskdisk.com 12/11/2012)