Thomas House Beaumont Road Industrial Estate Banbury Oxfordshire OX16 1RJ

Thomas House
Beaumont Road Industrial Estate
Banbury
Oxfordshire
OX16 1RJ

Freehold Industrial Investment

  • Let to AAC Cyroma Limited Guaranteed by Versarien Plc
  • Prominent location on Established Industrial Estate
  • Approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%
  • Nearby occupiers on the estate include Terex Corporation, Dematic and Mondelez International
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    42
  • Auction
    8th December 2016
  • Rent
    £162,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,390,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Let to AAC Cyroma Limited Guaranteed by Versarien Plc
  • Prominent location on Established Industrial Estate
  • Approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%
  • Nearby occupiers on the estate include Terex Corporation, Dematic and Mondelez International
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 42
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £1,390,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
22 miles north of Oxford, 50 miles south-east of Birmingham, 65 miles north-west of London
Roads
M40, A422, A423
Rail
Banbury Railway Station
Air
Birmingham Airport, London Luton Airport
Situation

The Beaumont Road Industrial Estate is an established business park situated some 1 mile north of Banbury Town Centre. The property is situated in a prominent position on the east side of Beaumont Road close to its junction with Ruscote Avenue and adjacent to Vauxhall dealership. Nearby occupiers on the estate include Terex Corporation, Dematic, Mondelez International and Fortress Technology. Tesco Extra, McDonald’s and the Banbury Cross Retail Park are also close by.

Tenure

Freehold.

Location
Miles
22 miles north of Oxford, 50 miles south-east of Birmingham, 65 miles north-west of London
Roads
M40, A422, A423
Rail
Banbury Railway Station
Air
Birmingham Airport, London Luton Airport
Situation

The Beaumont Road Industrial Estate is an established business park situated some 1 mile north of Banbury Town Centre. The property is situated in a prominent position on the east side of Beaumont Road close to its junction with Ruscote Avenue and adjacent to Vauxhall dealership. Nearby occupiers on the estate include Terex Corporation, Dematic, Mondelez International and Fortress Technology. Tesco Extra, McDonald’s and the Banbury Cross Retail Park are also close by.

Tenure

Freehold.

Description

The property comprises a substantial industrial building benefiting from an eaves height of approximately 5 metres and three full height loading doors. The property also benefits from 2 storey integrated offices and an approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%, as well as a rear yard and forecourt car parking for approximately 28 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial industrial building benefiting from an eaves height of approximately 5 metres and three full height loading doors. The property also benefits from 2 storey integrated offices and an approximate site area of 0.43 ha (1.06 acres) with a site coverage of approximately 59%, as well as a rear yard and forecourt car parking for approximately 28 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
Ground
Mezzanine
First
Industrial
Office
Store
Office

2,324.35 sq m
208.42 sq m
41.38 sq m
221.89 sq m

25,019 sq ft
2,243 sq ft
445 sq ft
2,388 sq ft
AAC CYROMA LIMITED
(GUARANTEED BY
VERSARIEN PLC) (1)
10 years from 31/01/2013
until 30/01/2023
on a full repairing &
insuring lease (2)
£162,000 31/01/2018
Totals  
2,796.04 sq m
30,095 sq ft
    £162,000  

(1) AAC Cyroma Limited was incorporated in 2002 and supplies vacuum formed and injection moulded products to the automotive, construction, utilities and retail industry (Source: www.aaccyroma.co.uk). AAC Cyroma Limited was acquired by Versarien Plc in October 2016, a company listed on the London Stock Exchange (Source: www.versarien.com). For the year ending 31st December 2015, AAC Cyroma Limited reported a net worth of £882,80 (Source: www.riskdisk.com 18/10/2016). For the year ending 31st March 2015, Versarien Plc reported a turnover of £4,982,000, pre-tax profits of negative -£866,000 and a total net worth of £5,847,000. (Source: www.riskdisk.com 18/10/2016).
(2) The lease is subject to a schedule of condition.

Property Documents

  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    12.11.19
    File Size
    51 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Adalta Real The Byre, Home farm Drive, Upton Estate
Banbury
Oxfordshire
OX15 6HU
James Hill 01295 670 123james.hill@adaltareal.com
Seller's Solicitors
Gateley LLP One Eleven, Edmund Street
Birmingham
B3 2HJ
Jonathan Dugdale 0121 234 0018jonathan.dugdale@gateleyplc.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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