Units 3 & 4, Queensway Avenue South
St Leonards-on-Sea
East Sussex
TN38 9AG

Freehold Industrial Investment

  • Entirely let to Independent Toiletries Ltd (t/a Poppypac) until December 2023 (no breaks)
  • 1,296.80 sq m (13,959 sq ft) of industrial/warehouse and office accommodation
  • Forms part of Enviro 21 modern business park/light industrial estate
  • Lot
    24
  • Auction
    07/Dec/2017
  • Rent
    £78,100 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the instruction of the Joint Fixed Charge Receivers at Fraser CRE
Important Property Update
  • Units 3 & 4, Queensway Avenue South<br>St Leonards-on-Sea<br>East Sussex<br>TN38 9AG
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Property Information

Location
Miles
16 miles north-east of Eastbourne, 26 miles south of Royal Tunbridge Wells
Roads
A2690, A21
Rail
Crowhurst Railway Station
Air
Gatwick Airport
Situation

St Leonards-on-Sea is a seaside town approximately 4 miles west of Hastings and 35 miles east of Brighton. The property forms part of Enviro 21, a modern business park/light industrial estate fronting Queensway (A2690). The estate also houses the Sussex Exchange, a restaurant, bar, conference and event venue.

Tenure

Freehold.

Description

The property comprises a modern detached industrial/warehouse building currently providing two separate warehouses over ground and lower ground with additional office accommodation over ground and first floors linking the two warehouses. The property also benefits from an 8 person passenger lift.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Lower Ground

Ground

Ground
First
Warehouse/
Industrial
Warehouse/
Industrial
Office
Office
493.97 sq m

342.60 sq m

230.04 sq m
230.19 sq m
(5,317 sq ft)

(3,688 sq ft)

(2,476 sq ft)
(2,478 sq ft)
INDEPENDENT
TOILETRIES
LIMITED t/a
Poppypac (1)
10 years from
25/12/2013 on a
full repairing and
insuring lease
£78,10024/12/2023
Totals
1,296.80 sq m
(13,959 sq ft)
  £78,100 

(1) Poppypac is an experienced provider of manufacturing, filling and packing services to the health and beauty industries, providing services to all types of client, from High Street chains to independent brand suppliers (Source: www.poppypac.co.uk 09/11/2017).

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    595 KB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    595 KB
    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
Eversheds Sutherland Bridgewater Place, Water Ln
Leeds
LS11 5DR
Lemi McAuley 0113 200 4129lemimcauley@eversheds-sutherland.com

Useful Links

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