Potter Place West Pimbo Industrial Estate Skelmersdale Lancashire WN8 9PH

Potter Place
West Pimbo Industrial Estate
Skelmersdale
Lancashire
WN8 9PH

Freehold Ground Rent Investment

Entirely let to Honeywell UK Limited for 125 years expiring 2114
2017 rent review and 7 yearly thereafter to ground rental value
Situated on an established industrial estate less than a mile from Junction 5 of the M58
Comprises a site of approximately 4.35 hectares (10.76 acres) upon which has been built industrial warehouse units and a substantial serviced office
Nearby occupiers include Procter & Gamble, Carrylift Group, Pepsico Internaitonal, Flow-Tech and SCA
Six Week Completion

Lot
25
Auction
17th October 2013
Rent
£102,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Ground Rent Investment

Entirely let to Honeywell UK Limited for 125 years expiring 2114
2017 rent review and 7 yearly thereafter to ground rental value
Situated on an established industrial estate less than a mile from Junction 5 of the M58
Comprises a site of approximately 4.35 hectares (10.76 acres) upon which has been built industrial warehouse units and a substantial serviced office
Nearby occupiers include Procter & Gamble, Carrylift Group, Pepsico Internaitonal, Flow-Tech and SCA
Six Week Completion

Lot 25
Auction 17th October 2013
Rent £102,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Ground Rent
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 20 miles north-east of Liverpool; 30 miles north-west of Manchester; 68 miles south-west of Leeds
Roads: A577 Pimbo Road, M58 (Junction 5) & M6 (Junction 26)
Rail: Upholland Railway Station, Wigan Railway Station
Air: Liverpool John Lennon Airport

Situation

The property is situated in a prominent position on Potter Place, accessed directly off the A577 Pimbo Road, some 0.25 miles from Junction 5 of the M58.
The property forms part of West Pimbo Industrial Estate which houses major occupiers including Procter & Gamble, Carrylift Group, Pepsico International, Flow-Tech and SCA.

Tenure

Freehold.

Location

Miles: 20 miles north-east of Liverpool; 30 miles north-west of Manchester; 68 miles south-west of Leeds
Roads: A577 Pimbo Road, M58 (Junction 5) & M6 (Junction 26)
Rail: Upholland Railway Station, Wigan Railway Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial and secure site of approximately 4.35 hectares (10.76 acres) upon which has been built a 1980’s two storey office building known as the Allied Business Centre (approximately 30,000 sq ft) currently used as a serviced office and subdivided into a range of individual suites with on-site parking. To the rear is a 119,000 sq ft warehouse with an eaves height of 6.7m which has been split into three self-contained units benefiting from individual yards. Additionally there are 10 self storage containers located on the site.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Use	Site Area (Approx)		Tenant	Term	Rent p.a.x	Reviews
Land	4.35 hectares	(10.76 acres) (1)	HONEYWELL UK LIMITED (2) (3)	125 years from 01/08/1989 until 2114 on a full repairing and insuring lease	£102,000	01/08/2017 and 7 yearly thereafter
Totals	4.35 hectares	(10.76 acres)			£102,000

(1) The site area is stated in the lease dated 20th April 1990.
(2)For the year ending 31st December 2012, Honeywell UK Limited reported a turnover of £29,633,000, pre-tax profits of £15,239,000 and a total net worth of £106,905,000. (Source: www.riskdisk.com 22/08/2013)
(3)The tenant has sublet the entire property to Graico Property Company Ltd until 28/07/2114 who have in turn granted mainly tenancies at will to individual occupiers
at a current gross rent of £340,987 p.a.x. As of 13/09/2013, approximately 9,360 sq ft of the property is currently vacant. A schedule is available on request.