Unit 14 Boultbee Business Park Nechells Place Birmingham B7 5AR

Unit 14 Boultbee Business Park
Nechells Place
Birmingham
B7 5AR

Freehold Industrial Investment

  • Let to Pirtek (UK) Limited on a new 5 year lease
  • Modern Industrial unit within established modern business park
  • Newly refurbished as Pirtek’s national training centre
  • Approximately 2.5 miles north east of Birmingham City Centre and 1.5 miles south of the M6
  • Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    73
  • Auction
    8th December 2016
  • Rent
    £47,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £430,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Industrial Investment

  • Let to Pirtek (UK) Limited on a new 5 year lease
  • Modern Industrial unit within established modern business park
  • Newly refurbished as Pirtek’s national training centre
  • Approximately 2.5 miles north east of Birmingham City Centre and 1.5 miles south of the M6
  • Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 73
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £430,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
2.5 miles north east of Birmingham City Centre
Roads
M6, A34, A38,
Rail
Birmingham Moor Street Railway Station, Birmingham New Street Station
Air
Birmingham Airport
Situation

The property is situated on the Boultbee Business Park which is accessed off the north side of Nechells Place within an established industrial estate some 2.5 miles north east of Birmingham City Centre and some 1.5 miles south of the M6. Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa.

Tenure

Freehold.

Location
Miles
2.5 miles north east of Birmingham City Centre
Roads
M6, A34, A38,
Rail
Birmingham Moor Street Railway Station, Birmingham New Street Station
Air
Birmingham Airport
Situation

The property is situated on the Boultbee Business Park which is accessed off the north side of Nechells Place within an established industrial estate some 2.5 miles north east of Birmingham City Centre and some 1.5 miles south of the M6. Nearby occupiers on the estate include TNT, Booker Wholesale and Smurfitt Kappa.

Tenure

Freehold.

Description

The property comprises a modern end of terrace industrial unit benefiting from an eaves height of approximately 5.9m/19ft and a single vehicle access loading door. The property further benefits from service yard car parking for approximately 7 cars and has been newly refurbished as a national training centre. In addition the entire roof surface accommodates solar energy panel (3).

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 modern end of terrace industrial unit benefiting from an eaves height of approximately 5.9m/19ft and a single vehicle access loading door. The property further benefits from service yard car parking for approximately 7 cars and has been newly refurbished as a national training centre. In addition the entire roof surface accommodates solar energy panel (3).

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. Reversion
Ground
Mezzanine
Office/Warehouse
Office
327.70 sq m
181.90 sq m
(3,527 sq ft)
(1,958 sq ft)
PIRTEK (UK)
LIMITED (1)
5 years from 09/09/2016 on a full repairing
and insuring lease (2)
£47,000 08/09/2021
Total  
509.60 sq m
5,485 sq ft
    £47,000  

(1) Pirtek (UK) Limited was incorporated in 1988 and is the number one provider of fluid transfer solutions and on-site repairs, specialising in hydraulic hoses, pipe fittings & couplings (Source: www.pirtek.co.uk). For the year ending 31st March 2015, Pirtek (UK) Limited reported a turnover of £17,281,653, pre-tax profits of £5,710,912 and a total net worth of £24,609,523. (Source: www.riskdisk.com 18/10/2016). The seller is holding a £11,750 rent deposit.
(2) The lease is outside the Security of Tenure provisions of the Landlord and Tenant Act 1954.
(3) As to the solar energy panels, there is a lease granted in favour of Symbio Energy Limited for a term of 25 years from 13th January 2015 at a peppercorn rent. The lease provides for the tenant to operate extensive roof top solar energy panels and supply electricity to the property. Under the terms of the lease in favour of Symbio Energy Ltd, the occupational tenant and the freeholder may benefit from discounted prices for electricity. See lease for details.

Property Documents

  • Site Plan
    Updated Date
    12.11.19
    File Size
    28 KB
    View PDF
  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    2 MB
    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
Bosley & Co Solicitors 5 Marlborough Place
Brighton
BN1 1UB
Ovie Opone 01273 608 181ovie@bosley.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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