Entirely let to Lockwell Electrical Distributors Ltd
Located within the established Brooks Lane Industrial Estate
Tenant in occupation for at least 10 years, Nearby occupiers include Middlewich, Community Church, Flexichem Ltd, Tarmac Ltd and BW Tyres
On-site car parking and secure yard
Eight Week Completion
Lot 55
Auction 11th July 2013
Rent £32,300 per Annum Exclusive
Status Sold
Price £260,000
Sector Trade Counter/Builders Merchants
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
0.6 miles south of Middlewich town centre,15.3 miles south-west from Wilmslow, 24.2 miles south of Manchester city centre
Roads
A54, A503, A533, M6 (Junction 18)
Rail
Winsford Rail
Air
Manchester Airport, Birmingham Airport
Situation
The property is situated on the western side of Brooks Lane, within the established Brooks Lane Industrial Estate, some 0.6 miles south of Middlewich town centre. The property is located adjacent to Middlewich Community Church, with other nearby occupiers including Flexichem Ltd, Tarmac Ltd, BW Tyres and Unique UG Fitness.
Tenure
Freehold.
Location
Miles
0.6 miles south of Middlewich town centre,15.3 miles south-west from Wilmslow, 24.2 miles south of Manchester city centre
Roads
A54, A503, A533, M6 (Junction 18)
Rail
Winsford Rail
Air
Manchester Airport, Birmingham Airport
Situation
The property is situated on the western side of Brooks Lane, within the established Brooks Lane Industrial Estate, some 0.6 miles south of Middlewich town centre. The property is located adjacent to Middlewich Community Church, with other nearby occupiers including Flexichem Ltd, Tarmac Ltd, BW Tyres and Unique UG Fitness.
Tenure
Freehold.
Description
The property comprises a light industrial unit with on-site parking and secure yard.
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 light industrial unit with on-site parking and secure yard.
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
Trade Counter
590.95 sq m
(6,361 sq ft)
LOCKWELL ELECTRICAL DISTRIBUTORS LTD (1) (2)
6 years 3 months from 24/06/2013 until 23/09/2019 on a full repairing and insuring lease
£32,300
24/06/2016
Totals
590.95 sq m
(6,361 sq ft)
£32,300
1) For the year ending 31st January 2012, Lockwell Electrical Distributors Ltd reported a turnover of £21,202,061, pre-tax profits of £434,166 and a total net worth of £2,985,238. (Source: www.riskdisk.com 10/06/2013) (2) Part of the property has been sublet to First Harvest Limited and School Style Limited.
Contacts
Seller's Solicitors
Reed Smith LLP The Broadgate Tower, 20 Primrose Street London EC2A 2RS 020 3116 3999
