Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north of Cheltenham, 20 miles south-east of Worcester, 34 miles west of Banbury, 46 north-west of Oxford
Roads
A4184, A46, A44, M5 (Junction 9)
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation
The property is situated in Ratio Point which forms part of the larger Four Pools Industrial Estate. Four Pools is Evesham’s prime trade/retail area occupied by a wide range of businesses and anchored by Morrisons, Halfords, Currys and B & Q. The property lies adjacent to the Evesham Trade Centre which provides retailers such as Screwfix, Tile Giant, Buildbase, Magnet Express and Topps Tiles.
Tenure
Freehold.
Location
Miles
16 miles north of Cheltenham, 20 miles south-east of Worcester, 34 miles west of Banbury, 46 north-west of Oxford
Roads
A4184, A46, A44, M5 (Junction 9)
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation
The property is situated in Ratio Point which forms part of the larger Four Pools Industrial Estate. Four Pools is Evesham’s prime trade/retail area occupied by a wide range of businesses and anchored by Morrisons, Halfords, Currys and B & Q. The property lies adjacent to the Evesham Trade Centre which provides retailers such as Screwfix, Tile Giant, Buildbase, Magnet Express and Topps Tiles.
Tenure
Freehold.
Description
The property comprises a steel portal frame industrial unit with mezzanine level. The property benefits from rights to four demised car parking spaces.
SIX WEEK COMPLETION
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 steel portal frame industrial unit with mezzanine level. The property benefits from rights to four demised car parking spaces.
SIX WEEK COMPLETION
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 Mezzanine
Industrial Industrial
107.00 sq m 36.00 sq m
(1,150 sq ft) (384 sq ft)
HSS HIRE SERVICE GROUP LIMITED (1)
10 years from 15/05/2015 until 14/05/2025 on a full repairing and insuring lease (2)
£18,408 (3)
15/05/2020
Totals
143.00 sq m
(1,534 sq ft)
£18,408 (3)
(1) For the year ending 31st December 2013, HSS Hire Service Group Limited reported a turnover of £225,813,000, pre-tax profits of £20,415,000 and a total net worth of £51,585,000. (Source: www.riskdisk.com 05/06/2015) (2)The lease provides an option to determine on the fifth anniversary of the term. (3)The tenant is currently benefitting from a rent free period due to expire on 14/11/2015. The seller has agreed to adjust the completion monies so that the unit will effectively produce £18,408 p.a.x. from completion of the sale.
