stablished Industrial location close to the A5 and M1
Nearby occupiers include Hydrafeed, Holophane, Mitsubishi Motors and Hoo Hing Oriental Foods
Six Week Completion Available
Lot 38
Auction 6th December 2012
Rent £35,000 per Annum Exclusive
Status Sold
Price £320,000
Sector Trade Counter/Builders Merchants
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
4 miles south of Milton Keynes, 27 miles north-west of Hemel Hempstead
55 miles north-west of London
Roads
A5, A421, M1, M40
Rail
Bletchley Mainline Station (41 minutes to London Euston)
Air
Luton Airport
Situation
The property is situated on an established industrial area, approximately 1 mile from Bletchley town centre and benefits from excellent communication routes, via the A5 and the M1 (Junction 14). Both Bletchley and Fenny Stratford railway stations are close by and nearby occupiers include Hydrafeed, Holophane, Mitsubishi Motors and Hoo Hing Oriental Foods.
Tenure
Freehold.
Location
Miles
4 miles south of Milton Keynes, 27 miles north-west of Hemel Hempstead
55 miles north-west of London
Roads
A5, A421, M1, M40
Rail
Bletchley Mainline Station (41 minutes to London Euston)
Air
Luton Airport
Situation
The property is situated on an established industrial area, approximately 1 mile from Bletchley town centre and benefits from excellent communication routes, via the A5 and the M1 (Junction 14). Both Bletchley and Fenny Stratford railway stations are close by and nearby occupiers include Hydrafeed, Holophane, Mitsubishi Motors and Hoo Hing Oriental Foods.
Tenure
Freehold.
Description
The property comprises a single storey trade counter unit with integral office accommodation. There is a yard area to the front and side of the property which is used for customer and staff parking. The site area is approximately 0.159 hectares (0.39 acres) with a site coverage of approximately 43%.
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 single storey trade counter unit with integral office accommodation. There is a yard area to the front and side of the property which is used for customer and staff parking. The site area is approximately 0.159 hectares (0.39 acres) with a site coverage of approximately 43%.
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
Review/(Reversion)
Ground
Warehouse
642 sq m
(6,907 sq ft)
EDMUNDSON ELECTRICAL LTD (1)
10 years from 31/08/2007 on a full repairing and insuring lease
£35,000
31/08/2012 (30/08/2017)
Totals
642 sq m
(6,907 sq ft)
£35,000
1) For the year ending 31st December 2012, Edmundson Electrical Limited reported a turnover of £1,022,993,000, a pre-tax profit of £56,948,000 and a total net worth of £250,243,000. (Source: riskdisk.com 08/11/2012). Edmundson Electrical Limited is one of the leading distributors of electrical equipment to trade and industry in the UK and trades from over 250 locations in the UK. (Source: www.edmundson-electrical.co.uk 09/11/2012)
