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
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.
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.
Contacts
Associate Auctioneers
Capita Symonds 8th Floor, The Observatory, Chapel Walks, Manchester M2 1HL
