Stagecoach Bus & Car Park Haverhill Business Park Haverhill Suffolk CB9 7AE

Stagecoach Bus & Car Park
Haverhill Business Park
Haverhill
Suffolk
CB9 7AE

Freehold Bus/Car Park with Potential Investment

Entirely let to Cambus Limited t/a Stagecoach until August 2022
Located on the established Haverhill Business Park
Future Development Potential (subject to consents)
Approximate site area of 0.21 hectares (0.51 acres)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
77
Auction
22nd October 2015
Rent
£31,300 per Annum Exclusive
Status
Sold
Price
£407,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bus/Car Park with Potential Investment

Entirely let to Cambus Limited t/a Stagecoach until August 2022
Located on the established Haverhill Business Park
Future Development Potential (subject to consents)
Approximate site area of 0.21 hectares (0.51 acres)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 77
Auction 22nd October 2015
Rent £31,300 per Annum Exclusive
Status Sold
Price £407,000
Sector
Industrial, Warehouse
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 17 miles south-east of Cambridge, 18 miles south-west of Bury St Edmunds, 52 miles north-east of Central London
Roads: A143, A1307, A1017, M11 (Junction 9)
Air: Stansted Airport

Situation

The property is situated to the south of Haverhill town centre within the established Haverhill Business Park on the northern side of Phoenix Road, just off the A1017. Nearby occupiers include Days Inn, Harvester, Buildbase and Culina Logistics.

Tenure

Freehold.

Location

Miles: 17 miles south-east of Cambridge, 18 miles south-west of Bury St Edmunds, 52 miles north-east of Central London
Roads: A143, A1307, A1017, M11 (Junction 9)
Air: Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a rectangular shaped fully concrete surfaced yard of approximately 0.21 hectares (0.51 acres) benefiting from security fencing and lighting and currently operating as a bus park with ancillary car parking.

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

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	Site Area (Approx)		Tenant	Term	Rent p.a.x.	Review
Ground	Bus Park/ Car Parking	0.21 Hectares	(0.51 Acres)	CAMBUS LIMITED (1) (t/a Stagecoach)	15 years from 30/08/2007 until 29/08/2022 on a full repairing and insuring lease	£31,300	30/08/2017
Totals		0.21 Hectares	(0.51 Acres)			£31,300

(1) Cambus Limited is a subsidiary company of Stagecoach Bus Holdings Limited. For the year ending 30th April 2014, Cambus Limited reported a turnover of £57,360,000, pre-tax profits of £9,360,000 and a total net worth of £2,515,000. (Source: www.riskdisk.com 14/09/2015)