Let to The BSS Group Limited until 2023 (No Breaks) part of Travis Perkins Plc
Nearby occupiers include HSS, Royal Mail, Homebase and Plumb Center
Approximate site area of 0.25 hectares (0.62 acres)
Six Week Completion
Lot 20
Auction 17th October 2013
Rent £61,750 per Annum Exclusive
Status Sold Prior
Price
Sector Trade Counter/Builders Merchants
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
On behalf of a Major Pension Fund
Property Information
Location
Miles
2 miles north-east of Norwich City Centre
44 miles north of Ipswich
63 miles north-east of Cambridge
Roads
A1042, A140, A47, A11
Rail
Norwich Railway Station (Approximately 1 hour 50 mins to London Liverpool Street)
Air
Norwich International Airport
Situation
The property is situated on the south side of Roundtree Way on an established industrial estate 2 miles to the north-east of Norwich City Centre. Nearby occupiers include HSS, Royal Mail, Homebase and Plumb Center.
Tenure
Freehold.
Location
Miles
2 miles north-east of Norwich City Centre
44 miles north of Ipswich
63 miles north-east of Cambridge
Roads
A1042, A140, A47, A11
Rail
Norwich Railway Station (Approximately 1 hour 50 mins to London Liverpool Street)
Air
Norwich International Airport
Situation
The property is situated on the south side of Roundtree Way on an established industrial estate 2 miles to the north-east of Norwich City Centre. Nearby occupiers include HSS, Royal Mail, Homebase and Plumb Center.
Tenure
Freehold.
Description
The property comprises warehouse and office accommodation on the ground floor with office and ancillary accommodation on the first floor. The property benefits from a substantial secure forecourt and rear yard. The warehouse benefits from approximate eaves height of 5 metres (16 ft), 3 vehicle access doors. An approximate site area of 0.25 hectares (0.62 acres) with a site coverage of 53%.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises warehouse and office accommodation on the ground floor with office and ancillary accommodation on the first floor. The property benefits from a substantial secure forecourt and rear yard. The warehouse benefits from approximate eaves height of 5 metres (16 ft), 3 vehicle access doors. An approximate site area of 0.25 hectares (0.62 acres) with a site coverage of 53%.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Warehouse/Office Office/Ancillary
1,207.23 sq m 117.98 sq m
(12,995 sq ft) (1,270 sq ft)
THE BSS GROUP LIMITED on assignment from PTS Group Limited (1)
50 years from 10/05/1973 until 2023 on a full repairing and insuring lease
£61,750
10/05/2015
Totals
1,325.21 sq m
(14,265 sq ft)
£61,750
(1) The BSS Group Limited and PTS Group Limited are both ultimately owned by Travis Perkins Plc. For the year ending 31st December 2012 The BSS Group Limited reported a pre-tax profit of £300,000 and shareholders’ funds of £97,200,000 (Source: The BSS Group Limited profit and loss account) for the year ending 31st December 2011, PTS Group Limited reported a turnover of £1,428,200,000, pre-tax profits of £51,700,000 and a total net worth of £81,000,000. (Source: www.riskdisk.com 28/08/2013)
