Freehold Trade Counter Investment
Freehold Trade Counter Investment
The property is prominently situated on the east side of Union Road close to the roundabout at the intersection of A187, A193, and A1313. Neighbouring occupiers include B&Q and Newcastle Fire.
Freehold.
The property is prominently situated on the east side of Union Road close to the roundabout at the intersection of A187, A193, and A1313. Neighbouring occupiers include B&Q and Newcastle Fire.
Freehold.
The property comprises a modern and extensive trade counter unit benefiting from a vehicle access loading door and an eaves height of approximately 6.4m (21ft) and 11 car parking spaces.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a modern and extensive trade counter unit benefiting from a vehicle access loading door and an eaves height of approximately 6.4m (21ft) and 11 car parking spaces.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground | Trade Counter | 597.77 sq m |
(6,482 sq ft) |
HSS HIRE SERVICE GROUP PLC guaranteed by The Davis Service Group plc (1) (2) | 25 years from 31/10/1995 until 2020 on a full repairing and insuring lease | £45,500 | 2015 |
| Totals | 597.77 sq m |
(6,482 sq ft) |
£45,500 | ||||
(1) For the year ending 31st December 2012 HSS Hire Service Group Limited reported a turnover of £172,042,,000, pre-tax profits of £8,808,,000 and a total net worth of £43,625,,000. (Source: www.riskdisk.com 8th November 2013)
(2) For the year ending 31st December 2012 The Davis Service Group Limited reported a net worth of £3,779,538. (Source: www.riskdisk.com 8th November 2013)
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