HSS Unit, Union Road Byker Newcastle Upon Tyne Tyne and Wear NE6 1EH

HSS Unit, Union Road
Byker
Newcastle Upon Tyne
Tyne and Wear
NE6 1EH

Freehold Trade Counter Investment

Let to HSS Hire Service Group Plc Guaranteed by Berendsen Plc (formerly The Davis Group Plc)
Prominent Town Centre location 2 miles east of Newcastle City Centre
Neighbouring occupiers include Tyne and Wear Fire and Rescue Service, Enterprise Rent-A-Car and McDonald’s
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
73
Auction
30th March 2017
Rent
£45,500 per Annum Exclusive
Status
Sold
Price
£482,000
Sector
Trade Counter
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Trade Counter Investment

Let to HSS Hire Service Group Plc Guaranteed by Berendsen Plc (formerly The Davis Group Plc)
Prominent Town Centre location 2 miles east of Newcastle City Centre
Neighbouring occupiers include Tyne and Wear Fire and Rescue Service, Enterprise Rent-A-Car and McDonald’s
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 73
Auction 30th March 2017
Rent £45,500 per Annum Exclusive
Status Sold
Price £482,000
Sector
Trade Counter
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 2 miles east of Newcastle City Centre
Roads: A1, A19, A167(M), A193
Rail: Newcastle Railway Station, Byker Metro Station
Air: Newcastle Airport

Situation

The property is prominently situated on the east side of Union Road, close to the roundabout at the intersection of the A187, A193, and B1313. Neighbouring occupiers include Tyne and Wear Fire and Rescue Service, Enterprise Rent-A-Car and McDonald’s.

Tenure

Freehold.

Location

Miles: 2 miles east of Newcastle City Centre
Roads: A1, A19, A167(M), A193
Rail: Newcastle Railway Station, Byker Metro Station
Air: Newcastle Airport

Situation

Tenure

Freehold.

Description

The property comprises a prominent and extensive trade counter unit benefiting from a vehicle access loading door, an eaves height of approximately 6.4m (21ft) and 11 car parking spaces.

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 prominent and extensive trade counter unit benefiting from a vehicle access loading door, an eaves height of approximately 6.4m (21ft) and 11 car parking spaces.

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	Reviews/(Reversion)
Ground Mezzanine	Trade Counter Ancillary	389.91 sq m 159.33 sq m	(4,197 sq ft) (1,715 sq ft)	HSS HIRE SERVICE GROUP PLC (1) GUARANTEED BY BERENDSEN PLC (CRN 01480047) (FORMERLY THE DAVIS GROUP PLC) (2)	25 years from 31/10/1995 on a full repairing and insuring lease	£45,500	30/10/2010 30/10/2015 (30/10/2020)
Totals		549.24 sq m	(5,912 sq ft)			£45,500

(1) HSS Hire Service Group Plc is the former name of HSS Hire Service Group Limited. For the year ending 26th December 2016, HSS Hire Service Group Limited reported a turnover of £251,015,000, a pre-tax loss of £2,727,000 and a total net worth of £37,505,000 (Source: www.riskdisk.com 22/02/2017).
(2) For the year ending 31st December 2015, Berendsen Plc (Company Registration Number 01480047) reported a turnover of £1,006,000,000, a pre tax profit of £113,400,000 and a total net worth of £122,000,000 (Source: www.riskdisk.com 22/02/2017).
(3) The floor areas stated above are stated in the Rent Review clause of the lease.