Booker Cash & Carry Unit 16 Foundry Square Hayle, Nr St. Ives Cornwall TR27 4HT

Booker Cash & Carry Unit
16 Foundry Square
Hayle, Nr St. Ives
Cornwall
TR27 4HT

Freehold Cash & Carry Warehouse Investment

  • Let to Giant Booker Limited until 2030 (subject to option)
  • Five yearly rent reviews to the greater of open market rental value or 2.5% per annum compounded
  • Adjacent to Hayle Harbour
  • Approximate site area of 0.24 hectares (0.59 acres) with on-site car parking
  • Producing £69,249 p.a.x. Rising to a minimum of £78,349 p.a.x. in 2020 and £88,644 p.a.x. in 2025
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    32
  • Auction
    10th December 2015
  • Rent
    £69,249 per Annum Exclusive
  • Status
    Sold
  • Price
    £940,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    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 Cash & Carry Warehouse Investment

  • Let to Giant Booker Limited until 2030 (subject to option)
  • Five yearly rent reviews to the greater of open market rental value or 2.5% per annum compounded
  • Adjacent to Hayle Harbour
  • Approximate site area of 0.24 hectares (0.59 acres) with on-site car parking
  • Producing £69,249 p.a.x. Rising to a minimum of £78,349 p.a.x. in 2020 and £88,644 p.a.x. in 2025
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 32
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £940,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles south-east of St Ives
70 miles south-west of Plymouth
Roads
A30
Rail
Hayle Railway Station
Air
Exeter Airport
Situation

Hayle is an attractive and popular tourist destination situated on the northern coast in one of Cornwall’s World Heritage sites, some 5 miles south-east of St. Ives. The property is situated some 300 metres south-west of Hayle town centre. Nearby occupiers include Lloyds Bank, Asda Superstore and Barclays Bank.

Tenure

Freehold.

Location
Miles
5 miles south-east of St Ives
70 miles south-west of Plymouth
Roads
A30
Rail
Hayle Railway Station
Air
Exeter Airport
Situation

Hayle is an attractive and popular tourist destination situated on the northern coast in one of Cornwall’s World Heritage sites, some 5 miles south-east of St. Ives. The property is situated some 300 metres south-west of Hayle town centre. Nearby occupiers include Lloyds Bank, Asda Superstore and Barclays Bank.

Tenure

Freehold.

Description

The property comprises a cash-and-carry warehouse with ground floor warehouse accommodation and ancillary office space on the first floor. The property benefits from a site area of 0.24 hectares (0.59 acres) with on-site car parking.

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 cash-and-carry warehouse with ground floor warehouse accommodation and ancillary office space on the first floor. The property benefits from a site area of 0.24 hectares (0.59 acres) with on-site car parking.

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
First
Warehouse
Office/Ancillary
2,111 sq m
344.20 sq m
(22,723 sq ft)
(3,705 sq ft)
GIANT BOOKER
LIMITED (1)
25 years from 28/02/2005 until
27/02/2030 on a full repairing
and insuring lease (2)
£69,249 28/02/2020
(3)
Totals  
2,455.20 sq m
(26,428 sq ft)
    £69,249 rising to a minimum
of £78,349 pa in 2020
 

(1) For the year ending 28/03/2014, Giant Booker Limited reported a turnover of £9,200,000, pre-tax profits of £2,000,000 and a total net worth of £222,700,000. (Source: www.riskdisk.com 09/09/2015).
(2)The lease provides for a tenant option to determine the lease on 28/02/2025.
(3)The lease provides for the rent to be reviewed every 5 years to the greater of the open market rental value or the current rent reserved plus to 2.5% per annum compounded. Therefore, the rent will increase to a minimum of £78,349 per annum exclusive in February 2020 and £88,644 per annum exclusive in 2025.

Property Documents

  • Catalogue Page
    Updated Date
    17.11.15
    File Size
    444 KB
    View PDF
  • Site Plan
    Updated Date
    17.11.15
    File Size
    67 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
Seller's Solicitors
Axiom Stone DVS House 4 Spring Villa Road
Edgware
Middlesex
HA8 7EB
Jaymini Ghelani 02089 516 984jg@axiomstone.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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