Rayleigh Industrial Estate
Camp Lane, Handsworth
Birmingham
West Midlands
B21 8JF

Freehold Industrial Estate Investment

  • Fully let industrial estate comprising 13 units
  • Approximately 1,398 sq m (15,050 sq ft)
  • Site area of approximately 0.951 acres (0.384 hectares)
  • Established industrial location within 1 mile of the M5 Motorway (Junction 1)
  • Lot
    8
  • Auction
    07/Dec/2017
  • Rent
    £87,808 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,260,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Rayleigh Industrial Estate<br>Camp Lane, Handsworth<br>Birmingham<br>West Midlands<br>B21 8JF
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Property Information

Location
Miles
3.8 miles north-west of Birmingham City Centre
Roads
A41, M5 (Junction 1), A38 (M)
Rail
The Hawthorns Rail
Air
Birmingham International Airport
Situation

Raleigh Industrial Estate is located within an established industrial district, 4 miles to the north of Birmingham City Centre on Camp Lane, close to its junction with Park Lane. The M5 motorway (Junction 1) is within 1 mile to the west. Raleigh Industrial Estate is situated 300 metres north of Birmingham Road (A41), which connects the M5 in the west to Birmingham city’s outer ring road to the east. West Bromwich Albion Football Club is located in the vicinity, along with other occupiers on Birmingham Road including Halfords, Hughes Electrical and The Range.

Tenure

Freehold.

Description

The property comprises an industrial estate of 13 units, each benefitting from a forecourt area and parking. The units have recently been refurbished to provide fluorescent strip lighting, intermittent translucent roof lights and eaves heights ranging from 12 to 14 metres. Units 1-10 and 12 have roller shutter doors. Units 11 and 13 have concertina doors. There are 37 marked car parking spaces. The property has a site area of approximately 0.951 acres (0.384 hectares).

VAT

VAT is applicable to this lot.

Completion Period

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 advisable. For more information, please click here.

Tenancy & Accomodation

UnitFloorFloor Areas (Approx)TenantTermRent p.a.x.Reversion
1, 2 & 10Ground
429.11 sq m
(4,619 sq ft)
PROFESSIONAL
GAINS MEALS
LIMITED
2 years from
01/06/2017
£25,910 (1)31/05/2019
3Ground
93.92 sq m
(1,011 sq ft)
ALLCORE
LIMITED
2 years from
18/12/2015
£6,066 (1)17/12/2017
(2)
4Ground
93.83 sq m
(1,010 sq ft)
M8JOR
INTERNATIONAL
LIMITED
2 years from
08/12/2015
£6,066 (1)09/12/2017
(2)
5Ground
70.6 sq m
(760 sq ft)
ALL SECURED
GARAGE &
INDUSTRIAL
DOORS LIMITED
5 years from
07/04/2015
£5,500 (3)06/04/2020
6Ground
70.69 sq m
(761 sq ft)
S&A
INSTALLATIONS
LIMITED
3 years from
02/08/2016
£5,000 (1)01/08/2019
7Ground
70.42 sq m
(758 sq ft)
JACKSONS
WORKWEAR
RENTAL LIMITED
3 years from
01/07/2016
£5,000 (1)30/06/2019
8Ground
70.42 sq m
(758 sq ft)
INDIVIDUAL t/a
Ushas
3 years from
26/04/2016
£4,250 (3)25/04/2019
9Ground
76.92 sq m
(828 sq ft)
SMITH SERVICES
LIMITED
3 years from
26/08/2016
£4,950 (1)25/08/2019
11Ground
93.92 sq m
(1,011 sq ft)
ELZA WHOLESALE
LIMITED
3 years from
08/08/2016
£6,066 (1)17/08/2019
12Ground
94.11 sq m
(1,013 sq ft)
INDIVIDUAL3 years from
27/07/2017
£7,500 (3)26/07/2020
13Ground
234 sq m
(2,521 sq ft)
SCIENCE OF 8
LIMITED
3 years from
12/10/2016
£11,500 (3) (4)11/10/2019
Electricity
Sub-station
-
-
-
MIDLANDS
ELECTRICITY
BOARD
99 years from
19/05/1987
Peppercorn18/05/2086
Totals
1,397.94 sq m
(15,050 sq ft)
  £87,808 

(1) The rent is inclusive of service charge and insurance rent.
(2) As to Units 3 and 4, the tenants are in discussions with the Seller with regard to new leases.
(3) The rent is inclusive of service charge.
(4) The lease provides a fixed rental uplift to £12,500 on 12/10/2018.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Clyde & Co LLP The St Botolph Building, 138 Houndsditch
London
EC3A 7AR
Sara Bantges 020 7876 4232sara.bantges@clydeco.com

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