Let to Fusion Group Limited on a renewal lease until 2023 (subject to option).
Well located and established M25 industrial area.
Used as a trade counter.
Nearby occupiers include Travis Perkins, Mercedes-Benz and Tesco.
Approximate site area 0.159 hectares (0.39 acres)
Six Week Completion
Lot 45
Auction 17th October 2013
Rent £45,500 per Annum Exclusive
Status Sold Prior
Price
Sector Trade Counter/Builders Merchants
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
15 miles north of Central London
4 miles north-west of Potters Bar
6 miles south of Welwyn Garden City
6 miles east of St Albans
Roads
A1(M) Junction 2, M25 (Junction 23), M1
Rail
Welham Green Railway Station (approximately 40 minutes to London Moorgate Railway Station)
Air
London Luton Airport, Stansted Airport, London Heathrow Airport
Situation
Welham Green is strategically located some 15 miles north of Central London and some 5 miles north of the M25 (Junction 23), immediately east of the A1(M). The property is situated to the west of Travellers Lane in an established trade counter and industrial location. Nearby occupiers include Travis Perkins, Mercedes-Benz and Tesco
Tenure
Freehold.
Location
Miles
15 miles north of Central London
4 miles north-west of Potters Bar
6 miles south of Welwyn Garden City
6 miles east of St Albans
Roads
A1(M) Junction 2, M25 (Junction 23), M1
Rail
Welham Green Railway Station (approximately 40 minutes to London Moorgate Railway Station)
Air
London Luton Airport, Stansted Airport, London Heathrow Airport
Situation
Welham Green is strategically located some 15 miles north of Central London and some 5 miles north of the M25 (Junction 23), immediately east of the A1(M). The property is situated to the west of Travellers Lane in an established trade counter and industrial location. Nearby occupiers include Travis Perkins, Mercedes-Benz and Tesco
Tenure
Freehold.
Description
The property comprises an industrial building with warehouse accommodation to the rear and two storey offices to the front. The property benefits from 10 car parking spaces to the front, a secure service yard and an approximate site area of 0.159 hectares (0.39 acres).
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 an industrial building with warehouse accommodation to the rear and two storey offices to the front. The property benefits from 10 car parking spaces to the front, a secure service yard and an approximate site area of 0.159 hectares (0.39 acres).
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 First
Industrial Office
459.85 sq m 174.13 sq m
(4,950 sq ft) (1,874 sq ft)
FUSION GROUP LIMITED (1)
10 years from 01/07/2013 until 2023 on a full repairing and insuring lease (2) (3)
£45,500
01/07/2018
Totals
633.98 sq m
(6,824 sq ft)
£45,500
(1) Fusion Group is a multinational company supporting gas, water and electricity infrastructure markets worldwide. Fusion Group operates globally with manufacturing sites in the UK, China and Egypt. Wholly owned or joint venture distributors over 20 countries and direct sales into a further 40 international territories. (www.fusionprovida.com). For the year ending 31st September 2012, Fusion Group Limited reported a turnover of £116,243,000, pre-tax profits of £6,062,000 and a total net worth of £24,333,000. (Source: www.riskdisk.com 29/08/2013). (2)The lease provides for a mutual option to determine the lease on 1st July 2018. (3)The lease is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954..
