Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Estimated District Population
184,000
2 miles west of the town centre
18 miles south-east of Milton Keynes
35 miles north-west of Central London
Roads
M1, A5, A6, A505, A5056
Rail
Luton Rail, Leagrave Rail
Air
London Luton Airport
Situation
The property is prominently situated in a major retail and industrial park, known as the Dallow Road Industrial Area, at the junction of Dallow Road and Hatters Way (A5056) some 2 miles to the west of the town centre and 1 mile from Junction 11 of the M1 motorway. Neighbouring occupiers include a B&Q Warehouse and Aldi.
Tenure
Freehold.
Location
Estimated District Population
184,000
2 miles west of the town centre
18 miles south-east of Milton Keynes
35 miles north-west of Central London
Roads
M1, A5, A6, A505, A5056
Rail
Luton Rail, Leagrave Rail
Air
London Luton Airport
Situation
The property is prominently situated in a major retail and industrial park, known as the Dallow Road Industrial Area, at the junction of Dallow Road and Hatters Way (A5056) some 2 miles to the west of the town centre and 1 mile from Junction 11 of the M1 motorway. Neighbouring occupiers include a B&Q Warehouse and Aldi.
Tenure
Freehold.
Description
The property comprises an 8-BAY TYRE/MOT/SERVICE FACILITY with accommodation on ground and first floors. The building has an eaves height of approximately 5.5 metres and is served by five roller shutter doors. The site extends to approximately 0.65 acres (0.26 hectares) and includes a large yard and parking area.
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 an 8-BAY TYRE/MOT/SERVICE FACILITY with accommodation on ground and first floors. The building has an eaves height of approximately 5.5 metres and is served by five roller shutter doors. The site extends to approximately 0.65 acres (0.26 hectares) and includes a large yard and parking area.
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
Ground First
Tyre Depot Ancillary
558.33 sq m 140.56 sq m
(6,010 sq ft) (1,513 sq ft)
KWIK-FIT (GB) LTD (1)
15 years from 11/05/2010 on a full repairing and insuring lease (2)
£80,000
2015 and 2020
Totals
698.89 sq m
(7,523 sq ft)
£80,000
(1) For the year ending 31st December 2009, Kwik-Fit (GB) Limited reported a turnover of £495,224,000, a pre-tax profit of £56,052,000 and a net worth of £289,473,000. (Source: www.riskdisk.com 10/11/2010)(2) The lease is subject to a schedule of condition.
