Let to Screwfix Direct Limited until 2020 (subject to option)
Highly visible and prominent position fronting the busy A39
Approximately 594.57 sq m (6,400 sq ft)
Potential to re-configure to two separate units (subject to consents)
Six Week Completion
Lot 12
Auction 13th February 2014
Rent £35,000 per Annum Exclusive
Status Sold
Price £475,000
Sector Industrial, Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
21 miles north-east of Taunton, 25 miles south-west of Bath, 26 miles south of Bristol
Roads
A39, A37, M5 (Junction 23)
Rail
Castle Cary Rail Station
Air
Bristol Airport
Situation
Morlands Business Park is situated in an established trading location 1 mile south-west of Glastonbury town centre. The property is prominently located adjacent to the busy A39. Nearby occupiers include B&Q, Travis Perkins and Travelodge.
Tenure
Freehold.
Location
Miles
21 miles north-east of Taunton, 25 miles south-west of Bath, 26 miles south of Bristol
Roads
A39, A37, M5 (Junction 23)
Rail
Castle Cary Rail Station
Air
Bristol Airport
Situation
Morlands Business Park is situated in an established trading location 1 mile south-west of Glastonbury town centre. The property is prominently located adjacent to the busy A39. Nearby occupiers include B&Q, Travis Perkins and Travelodge.
Tenure
Freehold.
Description
The property comprises a modern ground floor trade counter unit which is highly visible from the A39. The property also benefits from two vehicle access roller shutter doors and a forecourt providing car parking.
The adjoining property is being offered as Lot 3
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 ground floor trade counter unit which is highly visible from the A39. The property also benefits from two vehicle access roller shutter doors and a forecourt providing car parking.
The adjoining property is being offered as Lot 3
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 (B1, B2 or B8)
594.57 sq m
(6,400 sq ft)
SCREWFIX DIRECT LIMITED (1)
10 years from 21/12/2010 until 2020 (2)
£35,000
21/12/2015
Totals
594.57 sq m
(6,400 sq ft)
£35,000
(1) For the year ending 2nd February 2013, Screwfix Direct Limited reported a turnover of £577,247,000, pre-tax profits of £34,223,000 and a total net worth of £191,332,000. (Source: www.riskdisk.com 19/12/2013) (2)The lease provides for a tenant option to determine the lease on 21st December 2015.
