Let to Rexel Senate Limited until February 2069 (no breaks)
Rent Review in 2020 and 10 yearly thereafter
Approximately 1,405.21 sq m (15,126 sq ft)
Established industrial/trade counter location, adjacent to Selco Builders Warehouse
Nearby occupiers include BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco
Lot 4
Auction 23rd October 2014
Rent £82,000 per Annum Exclusive
Status Sold
Price £1,040,000
Sector Industrial/Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
4 miles north of Orpington
5 miles east of Bromley
12 miles south-east of Central London
Roads
M25 (Junction 3), M20 (Junction 1), A20, A223
Rail
Sidcup Rail Station
Air
London Gatwick Airport, London City Airport
Situation
The property is prominently situated on the west side of Sandy Lane in a well located industrial/trade counter area close to the busy A20 (Sidcup By-Pass). Nearby occupiers include Selco, BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco.
Tenure
Freehold.
Location
Miles
4 miles north of Orpington
5 miles east of Bromley
12 miles south-east of Central London
Roads
M25 (Junction 3), M20 (Junction 1), A20, A223
Rail
Sidcup Rail Station
Air
London Gatwick Airport, London City Airport
Situation
The property is prominently situated on the west side of Sandy Lane in a well located industrial/trade counter area close to the busy A20 (Sidcup By-Pass). Nearby occupiers include Selco, BP, Lexus, Toyota, Howdens Joinery, Booker Wholesale and Tesco.
Tenure
Freehold.
Description
The property comprises a light industrial/trade counter unit with ground floor warehouse and office accommodation and further office accommodation on the lower ground and first floors.
The property benefits from two vehicle accessible loading doors and on-site car parking for approximately 20 cars.
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 light industrial/trade counter unit with ground floor warehouse and office accommodation and further office accommodation on the lower ground and first floors.
The property benefits from two vehicle accessible loading doors and on-site car parking for approximately 20 cars.
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
Reviews
Lower Ground Ground First
Office Warehouse Office
95.32 sq m 1,056.46 sq m 253.43 sq m
(1,026 sq ft) (11,372 sq ft) (2,728 sq ft)
REXEL SENATE LIMITED (1)
99 years from 17/02/1970 until February 2069 on a full repairing and insuring lease
£82,000
17/02/2020 & 10 yearly
Totals
1,405.21 sq m
(15,126 sq ft)
£82,000
(1) The Rexel Group is a global leader in the distribution of electrical supplies and services, operating in 37 countries with 2,100 branches and employs over 28,000 people. (Source: www.wfsenate.co.uk 16/09/2014). For the year ending 31/12/2012, Rexel Senate Limited reported a turnover of £37,877,000, pre-tax losses of £4,653,000 and a total net worth of £384,212,000. (Source www.riskdisk.co.uk 16/09/2014)