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.
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.
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
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.
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.
