BSS Unit, Roundtree Way Norwich Norfolk NR7 8SQ

BSS Unit, Roundtree Way
Norwich
Norfolk
NR7 8SQ

Freehold Trade Counter Investment

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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On behalf of a Major Pension Fund

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Freehold Trade Counter Investment

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

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

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)