Let to W F Electrical Plc, a subsidiary of Rexel UK Ltd
Prominent corner position close to A14 (Junction 54)
Located within well established industrial estate
Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions
Lot 48
Auction 13th July 2017
Rent
Status Sold
Price £537,500
Sector Industrial/Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
19 miles north-east of Colchester, 26 miles south-east of Bury St Edmunds
Roads
A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation
The property is situated approximately 2 miles west of Ipswich town centre, in the Sproughton Road Industrial Area. The property occupies a prominent corner position fronting Farthing Road, at its junction with Sproughton Road, just off junction 54 of the A14. Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions.
Tenure
Freehold.
Location
Miles
19 miles north-east of Colchester, 26 miles south-east of Bury St Edmunds
Roads
A14 (Junction 54)
Rail
Ipswich Rail
Air
London Stansted Airport
Situation
The property is situated approximately 2 miles west of Ipswich town centre, in the Sproughton Road Industrial Area. The property occupies a prominent corner position fronting Farthing Road, at its junction with Sproughton Road, just off junction 54 of the A14. Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions.
Tenure
Freehold.
Description
The property comprises a detached single storey light industrial building comprising warehouse and office accommodation, currently arranged to provide trade counter accommodation. The property benefits from a large yard/storage area to the side and rear of the property, as well as parking in the forecourt. The site has an approximate site area of 0.757 acres (0.306 hectares).
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 detached single storey light industrial building comprising warehouse and office accommodation, currently arranged to provide trade counter accommodation. The property benefits from a large yard/storage area to the side and rear of the property, as well as parking in the forecourt. The site has an approximate site area of 0.757 acres (0.306 hectares).
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
Industrial Offices
738.8 sq m 140.1 sq m
(7,952 sq ft) (1,508 sq ft)
W.F ELECTRICAL PLC t/a WF Senate (1)
Approx 21 years from 21/04/1999 until 28/04/2020 on a full repairing lease (2)
£39,000
29/04/2019
Total
878.9 sq m
(9,460 sq ft)
£39,000
(1) WF Electrical Plc (now WF Electrical Ltd) are a subsidiary of Rexel UK Ltd. WF Senate is part of the Rexel Group, a global leader in the distribution of electrical supplies and services. WF Senate have over 80 branches throughout the UK (Source: www.wfsenate.co.uk 30/05/2017). (2) The landlord is responsible for insurance and such insurance costs are recouped from the tenant.