Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles south-west of Birmingham, 17 miles south of Wolverhampton, 15 miles north of Worcester
Roads
M5, M42, A448, A449, A451
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
The property is situated approximately 2 miles south of Kidderminster town centre within an established industrial area which includes Gemini Business Park, Vale Industrial Estate and Coppice Industrial Estate, which includes occupiers such as Beakbane, OGL Computer and Brintons.
Tenure
Freehold.
Location
Miles
17 miles south-west of Birmingham, 17 miles south of Wolverhampton, 15 miles north of Worcester
Roads
M5, M42, A448, A449, A451
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
The property is situated approximately 2 miles south of Kidderminster town centre within an established industrial area which includes Gemini Business Park, Vale Industrial Estate and Coppice Industrial Estate, which includes occupiers such as Beakbane, OGL Computer and Brintons.
Tenure
Freehold.
Description
The property comprises a modern detached warehouse building benefitting from integral office accommodation with suspended ceilings, recessed lighting, air conditioning and an 8-person lift. The warehouse benefits from an eaves height of approximately 8 metres (26 ft) and 5 vehicle access loading doors. The property benefits from car parking for approximately 48 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 detached warehouse building benefitting from integral office accommodation with suspended ceilings, recessed lighting, air conditioning and an 8-person lift. The warehouse benefits from an eaves height of approximately 8 metres (26 ft) and 5 vehicle access loading doors. The property benefits from car parking for approximately 48 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 30/05/2008 on a full repairing and insuring lease
£171,875 (3)
29/05/2018
Totals
2,565 sq m
(27,609 sq ft)
£171,875 (3)
1) Rentokil Property Holdings Limited is a wholly owned subsidiary of Rentokil Initial plc, a FTSE 250 company who provide numerous services from pest control, linen services, to medical services, with an annual revenue in excess of £2 billion (source: www.rentokil-initial.com and www.riskdisk.com 21/04/2015) (2) For the year ending 31st December 2013, Rentokil Initial (1896) Limited reported a pre-tax profit of -£109,591,000 and a total net worth of £1,684,625,000. (Source: www.riskdisk.com 21/04/2015) (3) The current rent reserved is £158,125 per annum exclusive. The tenant pays an additional fit out rent of £13,750 per annum exclusive. Therefore the property produces a total of £171,875 per annum exclusive. (4) The tenant is not currently in occupation of the property.
