Nearby occupiers include Travis Perkins, Marshalls Mono Concrete Ltd and Dutton Engineering
Please note that the property adjoins Lot 23 in the catalogue
Lot 13
Auction 8th July 2010
Rent £19,000 per Annum
Status Sold
Price £371,000
Sector Ground Rent
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
15,000
Miles
13 miles east of Bedford
26 miles west of Cambridge
9 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy
Air
Luton
Situation
The property is prominently situated on the north side of Tyne Road in the established Middlefield Industrial Estate, the principal industrial area of Sandy. Tyne Road is accessed via Sunderland Road, which provides access to the A1 (London Road) via Bedford Road. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings.
Tenure
Freehold.
Location
Estimated District Population
15,000
Miles
13 miles east of Bedford
26 miles west of Cambridge
9 miles north of Central London
Roads
A1(M), M1, M11, M25
Rail
Sandy
Air
Luton
Situation
The property is prominently situated on the north side of Tyne Road in the established Middlefield Industrial Estate, the principal industrial area of Sandy. Tyne Road is accessed via Sunderland Road, which provides access to the A1 (London Road) via Bedford Road. Nearby occupiers on the estate include Travis Perkins, Marshalls Mono Concrete Ltd and DW Mouldings.
Tenure
Freehold.
Description
The property comprises a SITE of approximately 0.4 hectares (1 acre) upon which has been constructed a PURPOSE BUILT OFFICE AND WORKSHOP.
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 SITE of approximately 0.4 hectares (1 acre) upon which has been constructed a PURPOSE BUILT OFFICE AND WORKSHOP.
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)
Hectares
Acres
Tenant
Term
Rent p.a.x
Reviews
6
Workshop, Office and Storage
498.50 sq m
(5,366 sq ft)
0.4
1
WATKISS AUTOMATION LIMITED (2)(3)
99 years from 29/09/1978 until 2077 on a full repairing and insuring lease
£19,000
29.09.2018 and 10 yearly thereafter (4)
Totals
498.50 sq m
(5,366 sq ft)
0.4
1
£19,000
(1) The lease refers to the acreage as '1 acre or thereabouts'. (2) Watkiss Automation Ltd is an award winning business that has been designing, manufacturing and supplying collating and print finishing equipment for over 30 years. The result is innovative and practical product design, a total commitment to build quality and a worldwide support network of factory trained staff. So far they have installed over 15,000 Watkiss machines in more than 80 countries. (Source: www.watkiss.com 07/06/2010) For the year ending 28th February 2009, Watkiss Automation Ltd reported a turnover of 7,145,000, pre-tax profits of 503,000 and a net worth of 1,759,000. (Source: www.riskdisk.com 07/06/2010) (3) The tenant also occupies another unit on the estate. (4) Various ground rent reviews and renewals have recently been settled on this estate. For further information please refer to the Auctioneers.
Contacts
Seller's Solicitors
Forsters LLP 31 Hill Street London W1J 5LS 020 7863 8444
