Unit 1, Congleton Trade Centre Radnor Park Industrial Estate, Back Lane Congleton Cheshire CW12 4XJ

Unit 1, Congleton Trade Centre
Radnor Park Industrial Estate, Back Lane
Congleton
Cheshire
CW12 4XJ

Modern Trade Counter Investment

Entirely let to Travis Perkins (Properties) Limited until 2025 (no break)
Nearby occupiers include Boalloy Industries, Senior Aerospace, Hans Lingl (UK) Ltd, Easy 2 Reach and Lining and Hoses Ltd
Established industrial area
Approximate site area of 0.194 hectares (0.479 acres)
On-site car parking
Six Week Completion

Lot
35
Auction
23rd May 2013
Rent
£42,000 per Annum Exclusive
Status
Sold
Price
£537,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Modern Trade Counter Investment

Entirely let to Travis Perkins (Properties) Limited until 2025 (no break)
Nearby occupiers include Boalloy Industries, Senior Aerospace, Hans Lingl (UK) Ltd, Easy 2 Reach and Lining and Hoses Ltd
Established industrial area
Approximate site area of 0.194 hectares (0.479 acres)
On-site car parking
Six Week Completion

Lot 35
Auction 23rd May 2013
Rent £42,000 per Annum Exclusive
Status Sold
Price £537,000
Sector
Trade Counter/Builders Merchants
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 10 miles south of Alderley Edge; 9 miles south-west of Macclesfield; 25 miles south of Manchester
Roads: A34, A54, M6 (Junction 17)
Rail: Congleton Rail Station
Air: Manchester International Airport

Situation

The property is situated on Congleton Trade Centre within Radnor Park, a well established industrial estate some 1.5 miles west of Congleton town centre and within 6 miles of the M6 Motorway (Junction 17). Nearby occupiers include Boalloy Industries, Senior Aerospace, Hans Lingl (UK) Ltd, Easy 2 Reach and Lining and
Hoses Ltd.

Tenure

Virtual Freehold. Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Location

Miles: 10 miles south of Alderley Edge; 9 miles south-west of Macclesfield; 25 miles south of Manchester
Roads: A34, A54, M6 (Junction 17)
Rail: Congleton Rail Station
Air: Manchester International Airport

Situation

Tenure

Virtual Freehold. Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a ground floor trade counter unit benefiting from three roller shutter doors, a yard area and on-site parking for 5 cars.

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 ground floor trade counter unit benefiting from three roller shutter doors, a yard area and on-site parking for 5 cars.

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
Ground Tenant’s Mezzanine	Trade Counter Trade Counter	965.53 sq m 157.93 sq m	(10,393 sq ft) (1,700 sq ft)	TRAVIS PERKINS (PROPERTIES) LIMITED (1)	20 years from 10/10/2005 until 09/10/2025 on a full repairing and insuring lease	£42,000 (2)	10/10/2020
Totals		1,123.46 sq m	(12,093 sq ft)			£42,000

(1) For the year ending 31st December 2011, Travis Perkins (Properties) Limited reported a turnover of £64,892,000, pre-tax profits of £50,745,000 and a total net worth of £262,894,000. (Source: www.riskdisk.com 26/03/2013)
(2) For the purpose of clarification, Travis Perkins (Properties) Limited are currently benefiting from a rent free period due to expire on 28th September 2013 granted in return for removing a break from the lease. The seller has agreed to adjust the completion monies so that the unit will effectively produce £42,000 p.a.x. from completion of the sale.