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Status Withdrawn Post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
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)