Tenants include AV Control Systems Ltd, Hire Station Ltd and IAC Plc
Located within the established Astmoor Industrial Estate
Adjacent occupiers include NHS and Kerry Foods
Approximate site area of 2.022 hectares (4.997 acres)
Rent is subject to notes 1 and 8
Lot 8
Auction 27th March 2014
Rent £178,233 per Annum Exclusive
Status Sold
Price £1,625,000
Sector Industrial, Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
10 miles west of Warrington, 15.5 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A533, A588, A557, M56 (Junction 12), M62, M6
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport (5 miles), Manchester Airport (19 miles), Blackpool International Airport (32 miles)
Situation
The property is situated off Astmoor Road within the established Astmoor Industrial Estate which lies north-east of Runcorn town centre adjacent to the A533 Bridgewater Expressway and only three miles from junction 12 of the M56 Motorway. The property is close to the site of the Second Mersey Crossing, which is due to open in 2017 with nearby occupiers including Kerry Foods and NHS.
Tenure
Freehold.
Location
Miles
10 miles west of Warrington, 15.5 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A533, A588, A557, M56 (Junction 12), M62, M6
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport (5 miles), Manchester Airport (19 miles), Blackpool International Airport (32 miles)
Situation
The property is situated off Astmoor Road within the established Astmoor Industrial Estate which lies north-east of Runcorn town centre adjacent to the A533 Bridgewater Expressway and only three miles from junction 12 of the M56 Motorway. The property is close to the site of the Second Mersey Crossing, which is due to open in 2017 with nearby occupiers including Kerry Foods and NHS.
Tenure
Freehold.
Description
The property comprises 14 industrial units over three terraces, each unit providing an electrically operated loading door. The estate benefits from an approximate site area of 2.022 hectares (4.997 acres) providing a large on site car park.
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 14 industrial units over three terraces, each unit providing an electrically operated loading door. The estate benefits from an approximate site area of 2.022 hectares (4.997 acres) providing a large on site car park.
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
Reversion
1
Industrial
903.02 sq m
(9,720 sq ft)
BAS LTD (1)
5 years from 09/09/2013
£38,800 (1)
01/09/2018 (1)
2
Industrial
357.58 sq m
(3,849 sq ft)
AV CONTROL SYSTEMS LTD
5 years from 07/03/2012
£16,000 (2)
06/03/2017
3
Industrial
395.02 sq m
(4,252 sq ft)
DJ OILS LTD
5 years from 05/08/2011
£14,750 (3)
04/08/2016
4
Industrial
459.87 sq m
(4,950 sq ft)
IAC GROUP LTD
3 months from 06/01/2014 (4)
£24,000
31/03/2014 (4)
5
Industrial
559.28 sq m
(6,020 sq ft)
3CT EXHIBITION SERVICES LTD
10 years from 30/06/2013 (5)
£22,275
29/06/2023
6
Industrial
280.10 sq m
(3,015 sq ft)
DIANE MARY STEARNE SIPP
999 years from 14/10/2010 (6)
Peppercorn
13/10/3009
7
Industrial
276.39 sq m
(2,975 sq ft)
DAVID WILLIAMS STEARNE SIPP
999 years from 02/11/2007
Peppercorn
01/11/3006
8
Industrial
275.36 sq m
(2,964 sq ft)
PYROTECT LTD
999 years from 15/10/2007
Peppercorn
14/10/3006
9
Industrial
557.05 sq m
(5,996 sq ft)
HIRE STATION LTD
10 years from 01/02/2011 (7)
£23,084.60
31/01/2021
10
Industrial
459.87 sq m
(4,950 sq ft)
RENTAL GUARANTEE (8)
£24,000 (8)
11
Industrial
356.75 sq m
(3,840 sq ft)
INDIVIDUAL
999 years from 08/08/2008
Peppercorn
07/08/3007
12
Industrial
355.91 sq m
(3,831 sq ft)
NOVAH LTD
5 years from 05/07/2013
£15,324
04/07/2018
14
Industrial
899.12 sq m
(9,678 sq ft)
NBC SERVICE LTD
999 years from 13/11/2009
Peppercorn
12/11/3008
Totals
6,135.32 sq m
(66,040 sq ft)
£178,233.60
(1) BAS Limited are currently in administration. The vendor will adjust the completion monies to provide a 12 month rent, rates and service charge guarantee in the event the unit has not been re-let prior to completion. See note (4) for further information. (2)The lease for Unit 2 provides a fixed uplift to £17,000 p.a.x. from 7th March 2015. (3)The lease for Unit 3 provides a fixed uplift to £15,500 p.a.x. from 5th August 2015. (4)HOTs have been agreed to relocate IAC Group Ltd from Units 4 and 10 (which they occupied until February 2014) to Unit 1 on a new 12 month tenancy at £44,000 per annum (inclusive of service charge). In the interim, IAC Group Ltd are holding over on Unit 4. (5)The lease for Unit 5 provides a fixed uplift to £24,000 p.a.x. on 24th July 2014 and to £25,000 p.a.x. on 24th July 2017. The lease also provides an option to determine on the fifth anniversary of the term. (6)Units 6, 7, 8, 11 and 14 have been sold off on 999 year leases, details of which are available from the auctioneer. (7)The lease for Unit 9 provides an option to determine on the fifth anniversary of the term on payment of £12,000 to the landlord. (8)Unit 10 is currently vacant. The vendor will adjust the completion monies to provide a 12 month rent, rates and service charge guarantee in the event the unit has not been let prior to completion.
Contacts
Seller's Solicitors
Squire Sanders (UK) LLP Trinity Court, 16 John Dalton Street Manchester M60 8HS
