Let to HSS Hire Service Group plc guaranteed by The Davis Group plc until 2020
Prominent position on modern Retail Park
Adjacent to B&Q
Six Week Completion.
Lot 45
Auction 5th December 2013
Rent £45,500 per Annum Exclusive
Status Sold Prior
Price
Sector Trade Counter
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2 miles east of Newcastle City Centre
Roads
A193, A167(M), A19, A1
Rail
Newcastle Railway Station, Byker Metro Station
Air
Newcastle Airport
Situation
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.
Tenure
Freehold.
Location
Miles
2 miles east of Newcastle City Centre
Roads
A193, A167(M), A19, A1
Rail
Newcastle Railway Station, Byker Metro Station
Air
Newcastle Airport
Situation
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.
Tenure
Freehold.
Description
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
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
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
VAT is applicable to this lot.
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
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)