Low site coverage of 39% and site area of approximately 0.38 hectares (0.93 acres)
Approximately 1,531.18 sq m (16,482 sq ft)
Six Week Completion Available
Lot 24
Auction 6th December 2012
Rent £88,600 per Annum Exclusive
Status Sold
Price £910,000
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
1.5 miles north-east of Birmingham city centre, 36 miles west of Leicester
Roads
A38(M), A34, A5127, M6 (J6)
Rail
Aston
Air
East Midlands International Airport
Situation
The property is prominently situated in an established industrial area off the B4132 which provides direct access to the A38 (M) some 400 metres to the west. The A38 (M) connects Birmingham to the M6 (J6) and subsequently the M1 and M5. Other occupiers on the estate include Newey & Eyre, Wilts Wholesale Electrical Co, Build Centre, Travis Perkins Trading Co and Screwfix.
Tenure
Freehold.
Location
Miles
1.5 miles north-east of Birmingham city centre, 36 miles west of Leicester
Roads
A38(M), A34, A5127, M6 (J6)
Rail
Aston
Air
East Midlands International Airport
Situation
The property is prominently situated in an established industrial area off the B4132 which provides direct access to the A38 (M) some 400 metres to the west. The A38 (M) connects Birmingham to the M6 (J6) and subsequently the M1 and M5. Other occupiers on the estate include Newey & Eyre, Wilts Wholesale Electrical Co, Build Centre, Travis Perkins Trading Co and Screwfix.
Tenure
Freehold.
Description
The property comprises a substantial trade counter unit on a site of some 0.38 hectares (0.93 acres) and benefits from a low site coverage of 39%. The property also benefits from two vehicle access-loading doors, integrated office/ancillary accommodation, secure access and an extensive yard. There is an electricity substation on site.
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 substantial trade counter unit on a site of some 0.38 hectares (0.93 acres) and benefits from a low site coverage of 39%. The property also benefits from two vehicle access-loading doors, integrated office/ancillary accommodation, secure access and an extensive yard. There is an electricity substation on site.
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
Ground Ground First
Warehouse Ancillary Office
1,411.33 sq m 59.27 sq m 60.58 sq m
(15,192 sq ft) (638 sq ft) (652 sq ft)
JEWSON LIMITED (1)
25 years from 09/04/1994 until 08/04/2019 on a full repairing and insuring lease
£88,600
08/04/2014
Totals
1,531.18 sq m
(16,482 sq ft)
£88,600
(1) Founded in 1836 Jewson Limited are the UK’s leading supplier of sustainable timber and building materials and 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)
Contacts
Seller's Solicitors
Weightmans Solicitors Pall Mall Court, 61-67 King Street Manchester M2 4PD
