Lakeside Plaza Bridgtown Cannock WS11 0XE

  • Lakeside Plaza<br>Bridgtown<br>Cannock<br>WS11 0XE

Lakeside Plaza
Bridgtown
Cannock
WS11 0XE

Freehold Multi-Let Retail, Self Storage and Office Investment

  • Let to tenants including Siemens plc, Silver Blades Ice Rink Company (Cannock) Ltd and KW Cycles Ltd
  • Includes 13,792 sq ft of serviced self-storage accommodation
  • Prominently located in a highly visible position adjacent to the M6 Toll Motorway
  • Approximate site area of 2.1 hectares (5.1 acres)
  • On-site car parking for approximately 280 cars
  • Lot
    24
  • Auction
    27th March 2014
  • Rent
    £449,265 per Annum
  • Status
    Sold Post
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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Freehold Multi-Let Retail, Self Storage and Office Investment

  • Let to tenants including Siemens plc, Silver Blades Ice Rink Company (Cannock) Ltd and KW Cycles Ltd
  • Includes 13,792 sq ft of serviced self-storage accommodation
  • Prominently located in a highly visible position adjacent to the M6 Toll Motorway
  • Approximate site area of 2.1 hectares (5.1 acres)
  • On-site car parking for approximately 280 cars
  • Lot 24
  • Auction 27th March 2014
  • Rent £449,265 per Annum
  • Status Sold Post
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
13 miles south of Stafford
17 miles north of Birmingham
130 miles north-west of London
Roads
M6 (Toll), M6, A5, A460, A34
Rail
Cannock Railway Station
Air
Birmingham International Airport (20 miles) East Midlands Airport (31 miles)
Situation

The property is situated in a highly visible position adjacent to the M6 Toll Motorway on the eastern side of Walkmill Lane, and immediately north of Lodge Lane which runs parallel to the motorway. Walkmill Lane connects with the A460 via the A5, connecting the property within minutes to junctions 7 and 8 of the M6 Toll and junctions 11 and 11a of the M6.

Tenure

Freehold.

Location
Miles
13 miles south of Stafford
17 miles north of Birmingham
130 miles north-west of London
Roads
M6 (Toll), M6, A5, A460, A34
Rail
Cannock Railway Station
Air
Birmingham International Airport (20 miles) East Midlands Airport (31 miles)
Situation

The property is situated in a highly visible position adjacent to the M6 Toll Motorway on the eastern side of Walkmill Lane, and immediately north of Lodge Lane which runs parallel to the motorway. Walkmill Lane connects with the A460 via the A5, connecting the property within minutes to junctions 7 and 8 of the M6 Toll and junctions 11 and 11a of the M6.

Tenure

Freehold.

Description

The property comprises a substantial mixed use site of approximately 2.1 hectares (5.1 acres). It has three terraces of single-storey modern, mixed use commercial units and a distinctive modern nine-storey office building which will be familiar with travellers on the M6 Toll. There are car parking spaces for approximately 280 cars across the site.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial mixed use site of approximately 2.1 hectares (5.1 acres). It has three terraces of single-storey modern, mixed use commercial units and a distinctive modern nine-storey office building which will be familiar with travellers on the M6 Toll. There are car parking spaces for approximately 280 cars across the site.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide identification on site.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Units 1-3 Retail/ Warehouse
1,030.57 sq m
(11,093 sq ft)

VACANT POSSESSION



Units 4 & 5 Retail
677.54 sq m
(7,293 sq ft)
KW CYCLES LTD
6 years from 19/11/2012 (1) £32,500
19/11/2014
(18/11/2018)
Unit 6 Retail
340.95 sq m
(3,670 sq ft)
VACANT POSSESSION
 

Unit 7 Retail
341.05 sq m
(3,671 sq ft)
BTOWN BIKES LTD
6 years from 01/10/2013 (2)
£22,500
(30/09/2019)
Units 8-10 Retail
1,022.85 sq m
(340.95 sq m
each)
(11,010 sq ft)
SILVER BLADES ICE
RINK COMPANY
(CANNOCK) LTD
15 years from 09/11/2006
£72,000
09/11/2015
and
09/11/2018
Units 11 & 12 Children’s Playcentre
& Quasar Arena
675.22 sq m
(7,268 sq ft)
JENNINGS
ASSOCIATES LTD (3)

3 years from 01/03/2009
until 29/02/2012
£37,000
Holding
Over
Units 14-16
195 separate
storage units
Serviced Storage
1,281 sq m
(13,792 sq ft)
CHASE SPACE LTD
t/a Chase Stores (4)
119 separate short term
licences (5)
£105,765 gross
annual
equivalent as at
28/02/2014
 
Unit 17 Retail/Office
335.85 sq m
(3,615 sq ft)
VACANT
 

Lakeside
Point
9 storey office
development
1,271.84 sq m
(13,690 sq ft)
SIEMENS PLC (6)
9 years from 06/06/2005
£179,500
(30/06/2014)
Totals  
6,976.87 sq m
(75,102 sq ft)
    £449,265 (gross)  

(1) As to Units 4 & 5, the lease provides a tenant option to break on 18/11/2015.
(2) As to Unit 7, the lease provides a tenant option to break on 30/09/2016.
(3) The tenant is currently paying 50% of the rent set out above and the seller is negotiating a new lease.
(4) The lease to Chase Space Ltd t/a Chase Store will be surrendered on completion.
(5) Please refer to the legal pack for more detailed information on the individual licencees terms and service charge costs attributable to the purchaser.
(6) For the year ending 30/09/2014, Siemens plc reported a turnover of £2,664,590,000, pre-tax profits of £235,585,000 and a total net worth of £59,380,000. (Source: www.riskdisk.com 03/03/2014).

Property Documents

  • Site Plan
    Updated Date
    05.03.14
    File Size
    473 KB
    View PDF
  • Catalogue Page
    Updated Date
    05.03.14
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Clarke Willmott Solicitors 138 Edmund Street
Birmingham
B3 2ES
Petra Hantakova 0845 209 1497petra.hantakova@clarkewillmott.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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