Howdens Joinery Meadow Road Whitehaven Cumbria CA28 9HY

Howdens Joinery
Meadow Road
Whitehaven
Cumbria
CA28 9HY

Freehold Retail Warehouse Investment

  • Entirely let to Howden Joinery Properties Limited (with guarantee from Howden Joinery Limited) on a 20 Year Lease until 2021
  • Located 1 mile from Whitehaven Town Centre
  • Approximate site area of 0.60 hectares (1.49 acres)
  • Nearby occupiers include TMS Motorspares, Hewden and Whitehaven MOT Centre
  • Lot
    54
  • Auction
    11th December 2014
  • Rent
    £41,850 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Retail Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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* More information on the term "guide" can be found here

Freehold Retail Warehouse Investment

  • Entirely let to Howden Joinery Properties Limited (with guarantee from Howden Joinery Limited) on a 20 Year Lease until 2021
  • Located 1 mile from Whitehaven Town Centre
  • Approximate site area of 0.60 hectares (1.49 acres)
  • Nearby occupiers include TMS Motorspares, Hewden and Whitehaven MOT Centre
  • Lot 54
  • Auction 11th December 2014
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Retail Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
9 miles south of Workington
40 miles south-west of Carlisle
45 miles west of Penrith
Roads
B5345, A5094, A595, M6 (J40)
Rail
Corickle Railway Station, Whitehaven Railway Station
Air
Newcastle International Airport
Situation

The property is situated on the eastern side of Meadow Road just off the B5345 and approximately one mile south of Whitehaven town centre. Nearby occupiers on Meadow Road include TMS Motorspares, Hewden, Whitehaven MOT Centre and Whitehaven Garden Centre with Asda, Aldi, Iceland and Home Bargains located approximately 0.5 miles to the north.

Tenure

Freehold.

Location
Miles
9 miles south of Workington
40 miles south-west of Carlisle
45 miles west of Penrith
Roads
B5345, A5094, A595, M6 (J40)
Rail
Corickle Railway Station, Whitehaven Railway Station
Air
Newcastle International Airport
Situation

The property is situated on the eastern side of Meadow Road just off the B5345 and approximately one mile south of Whitehaven town centre. Nearby occupiers on Meadow Road include TMS Motorspares, Hewden, Whitehaven MOT Centre and Whitehaven Garden Centre with Asda, Aldi, Iceland and Home Bargains located approximately 0.5 miles to the north.

Tenure

Freehold.

Description

The property comprises a single storey retail warehouse unit with ancillary accommodation. The property benefits from two roller shutter doors, an eaves height of approximately 3.07 metres (10 feet) and an approximate site area of 0.60 hectares (1.49 acres).

Six Week Completion

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 single storey retail warehouse unit with ancillary accommodation. The property benefits from two roller shutter doors, an eaves height of approximately 3.07 metres (10 feet) and an approximate site area of 0.60 hectares (1.49 acres).

Six Week Completion

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 Retail
Warehouse/
Ancillary
1,719.34 sq m
(18,507 sq ft)
HOWDEN JOINERY
PROPERTIES LIMITED (1)
with guarantee from
Howden Joinery Limited (2)
20 years from 15/06/2001
until 14/06/2021 on a full
repairing and insuring
lease
£41,850 15/06/2016
and five
yearly
Totals  
1,719.34 sq m
(18,507 sq ft)
  £41,850

(1) For the year ending 28/12/2013, Howden Joinery Properties Limited reported a turnover of £36,248,000, pre-tax profits of £721,000 and a total net worth of £1,355,000. (Source: www.riskdisk.com 10/11/2014) (2)For the year ending 28/12/2013, Howden Joinery Limited reported a turnover of £943,835,000, pre-tax profits of £148,541,000 and a total net worth of £408,536,000. (Source: www.riskdisk.com 12/11/2014)

Property Documents

  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    680 KB
    View PDF
  • Site Plan
    Updated Date
    18.11.14
    File Size
    57 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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