Land to the north of Boundary Road Harfreys Industrial Estate Great Yarmouth Norfolk NR31 0LX

Land to the north of Boundary Road
Harfreys Industrial Estate
Great Yarmouth
Norfolk
NR31 0LX

Freehold Ground Rent Investment

Entirely let to Aggreko (UK) Limited • Located within the modern and established Harfreys Industrial Estate
Nearby occupiers include Howdens, Travis Perkins, Speedy Tyres, Plumb Center and Biffa
Future Development Potential (subject to consents)
Approximate site area of 0.187 hectares (0.463 acres)
Six Week Completion Available

Lot
53
Auction
6th December 2012
Rent
£9,750 per Annum Exclusive
Status
Sold
Price
£105,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On the instructions of Joint LPA Receivers, BNP Paribas Real Estate

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Freehold Ground Rent Investment

Entirely let to Aggreko (UK) Limited • Located within the modern and established Harfreys Industrial Estate
Nearby occupiers include Howdens, Travis Perkins, Speedy Tyres, Plumb Center and Biffa
Future Development Potential (subject to consents)
Approximate site area of 0.187 hectares (0.463 acres)
Six Week Completion Available

Lot 53
Auction 6th December 2012
Rent £9,750 per Annum Exclusive
Status Sold
Price £105,000
Sector
Ground Rent
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On the instructions of Joint LPA Receivers, BNP Paribas Real Estate

Property Information

Location

Miles: 7 miles north of Darlington, 13 miles south of Durham
Roads: A1 (J59), A167
Rail: Newton Aycliffe (3 hours to London King’s Cross, 60 mins to Newcastle)
Air: Durham (9 miles), Newcastle (30 miles)

Situation

The property is situated on the northern side of Boundary Road, close to its junction with Bessemer Way, within the established Harfreys Industrial Estate. Nearby occupiers include Howdens, Travis Perkins, Speedy Tyres, Plumb Center and Biffa.

Tenure

Freehold.

Location

Miles: 7 miles north of Darlington, 13 miles south of Durham
Roads: A1 (J59), A167
Rail: Newton Aycliffe (3 hours to London King’s Cross, 60 mins to Newcastle)
Air: Durham (9 miles), Newcastle (30 miles)

Situation

Tenure

Freehold.

Description

The property comprises a site of approximately 0.187 hectares (0.463 acres) currently being used for open storage. The tenant also occupies a warehouse adjoining the site which is not included in the sale.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Site	Use	Site Area		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground	Open Storage	0.187 Hectares	0.463 Acres	AGGREKO (UK) LIMITED (1)	15 years from 24/06/2003 on a full repairing and insuring lease (2)	£9,750	22/08/2013 (23/06/2018)
Totals		0.187 Hectares	0.463 Acres			£9,750

(1) For the year ending 31st December 2011, Aggreko UK Limited reported a turnover of £363,303,258, pre-tax profits of £30,883,523 and a total net worth of £74,957,973. (Source: www.riskdisk.com 30/10/2012)
(2)The lease is subject to a schedule of condition.