Primaflow, Unit 2 Friarsgate Molly Millar's Lane Wokingham Berkshire RG41 2RT

Primaflow, Unit 2 Friarsgate
Molly Millar's Lane
Wokingham
Berkshire
RG41 2RT

Modern Freehold Industrial Investment

Let to Instox Limited (t/a Primaflow) with guarantee
Approximately 792.99 sq m (8,536 sq ft)
Situated on established industrial estate
Nearby occupiers include Rainbow Removals, Shurgard Self Storage, Intersurgical, Lidl, PTS and Kaplan Publishing

Lot
60
Auction
23rd October 2014
Rent
£83,000 per Annum Exclusive
Status
Sold
Price
£810,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Modern Freehold Industrial Investment

Let to Instox Limited (t/a Primaflow) with guarantee
Approximately 792.99 sq m (8,536 sq ft)
Situated on established industrial estate
Nearby occupiers include Rainbow Removals, Shurgard Self Storage, Intersurgical, Lidl, PTS and Kaplan Publishing

Lot 60
Auction 23rd October 2014
Rent £83,000 per Annum Exclusive
Status Sold
Price £810,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 8 miles south-east of Reading; 9 miles north-east of Basingstoke; 38 miles south-west of Central London
Roads: M3, M4, A329
Rail: Wokingham Rail Station
Air: London Heathrow Airport

Situation

The property is located on an established industrial estate some 300 metres south-west of Wokingham Rail Station and approximately one mile south-west of Wokingham town centre.
The property is situated close to the junction of Molly Millar’s Lane and Barkham Road, with other nearby occupiers including Rainbow Removals, Shurgard Self Storage, Intersurgical, Lidl, PTS and Kaplan Publishing.

Tenure

Freehold.

Location

Miles: 8 miles south-east of Reading; 9 miles north-east of Basingstoke; 38 miles south-west of Central London
Roads: M3, M4, A329
Rail: Wokingham Rail Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern industrial unit with office accommodation on the first floor. The industrial accommodation benefits from an eaves height of approximately 7 metres (23 ft), one vehicle accessible loading door and a forecourt providing car parking for approximately 16 cars.

VAT

VAT is applicable to this lot.

EPC

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

Description

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
Ground First	Warehouse Office	688.57 sq m 104.42 sq m	(7,412 sq ft) (1,124 sq ft)	INSTOX LIMITED (t/a Primaflow) guaranteed by Brassware Sales Ltd (1)	15 years from 01/10/2003 on a full repairing and insuring lease	£83,000	30/09/2018
Totals		792.99 sq m	(8,536 sq ft)			£83,000

(1) Instox Limited (t/a Primaflow) are a business involved in brassfoundary, tube fittings, taps and mixers, accessories and a huge range of related installation materials for plumbing and heating systems. Primaflow trade from 7 other locations in the UK and are part of Mueller Industries. Brassware Sales Ltd is a wholly owned subsidiary of Mueller Industries Inc. Mueller Industries is a global leader in the manufacturing of copper tube and fittings and is publicly traded on the New York Stock Exchange (MLI). (Source: www.muellerindustries.com 15/09/2014).