Senate Electrical, Sandy Lane Sidcup London Borough of Bexley DA14 5AJ

Senate Electrical, Sandy Lane
Sidcup
London Borough of Bexley
DA14 5AJ

Freehold Industrial Investment

  • Let to Rexel Senate Limited until February 2069 (no breaks)
  • Rent Review in 2020 and 10 yearly thereafter
  • Approximately 1,405.21 sq m (15,126 sq ft)
  • Established industrial/trade counter location, adjacent to Selco Builders Warehouse
  • Nearby occupiers include BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco
  • Lot
    4
  • Auction
    23rd October 2014
  • Rent
    £82,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,040,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Let to Rexel Senate Limited until February 2069 (no breaks)
  • Rent Review in 2020 and 10 yearly thereafter
  • Approximately 1,405.21 sq m (15,126 sq ft)
  • Established industrial/trade counter location, adjacent to Selco Builders Warehouse
  • Nearby occupiers include BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco
  • Lot 4
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £1,040,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
4 miles north of Orpington
5 miles east of Bromley
12 miles south-east of Central London
Roads
M25 (Junction 3), M20 (Junction 1), A20, A223
Rail
Sidcup Rail Station
Air
London Gatwick Airport, London City Airport
Situation

The property is prominently situated on the west side of Sandy Lane in a well located industrial/trade counter area close to the busy A20 (Sidcup By-Pass). Nearby occupiers include Selco, BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco.

Tenure

Freehold.

Location
Miles
4 miles north of Orpington
5 miles east of Bromley
12 miles south-east of Central London
Roads
M25 (Junction 3), M20 (Junction 1), A20, A223
Rail
Sidcup Rail Station
Air
London Gatwick Airport, London City Airport
Situation

The property is prominently situated on the west side of Sandy Lane in a well located industrial/trade counter area close to the busy A20 (Sidcup By-Pass). Nearby occupiers include Selco, BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco.

Tenure

Freehold.

Description

The property comprises a light industrial/trade counter unit with ground floor warehouse and office accommodation and further office accommodation on the lower ground and first floors.
The property benefits from two vehicle accessible loading doors and on-site car parking for approximately 20 cars.

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 light industrial/trade counter unit with ground floor warehouse and office accommodation and further office accommodation on the lower ground and first floors.
The property benefits from two vehicle accessible loading doors and on-site car parking for approximately 20 cars.

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 Reviews
Lower Ground
Ground
First

Office
Warehouse
Office

95.32 sq m
1,056.46 sq m
253.43 sq m

(1,026 sq ft)
(11,372 sq ft)
(2,728 sq ft)
REXEL SENATE
LIMITED (1)
99 years from 17/02/1970 until February 2069 on a full repairing and insuring lease £82,000 17/02/2020 & 10 yearly
Totals  
1,405.21 sq m
(15,126 sq ft)
    £82,000  

(1) The Rexel Group is a global leader in the distribution of electrical supplies and services, operating in 37 countries with 2,100 branches and employs over 28,000 people. (Source: www.wfsenate.co.uk 16/09/2014). For the year ending 31/12/2012, Rexel Senate Limited reported a turnover of £37,877,000, pre-tax losses of £4,653,000 and a total net worth of £384,212,000. (Source www.riskdisk.co.uk 16/09/2014)

Property Documents

  • Catalogue Page
    Updated Date
    30.09.14
    File Size
    516 KB
    View PDF
  • Site Plan
    Updated Date
    30.09.14
    File Size
    43 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Savills 33 Margaret Street
London
W1G 0JD
James Vivian 0207 409 8731jvivian@savills.com
Seller's Solicitors
Russell-Cooke LLP 2 Putney Hill
London
SW15 6AB
Adrian Demello 0208 789 9111adrian.demello@russell-cooke.co.uk

Useful Links

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

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