Freehold Motor Trade Investment and Vacant Land Opportunity
Let to Goodyear Dunlop Tyres UK Limited
Total approximate site area of 0.24 hectares (0.59 acres) including 0.39 acres offered with Vacant Possession
Development potential (subject to consents)
Low site coverage of approximately 17%
Car parking for approximately 26 cars
Nearby occupiers include Topps Tiles and Booker Wholesale
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 39
Auction 23rd March 2016
Rent £26,650 per Annum Exclusive
Status Sold
Price £392,000
Sector Motor Trade/Petrol Station
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Wesleyan
Property Information
Location
Miles
12 miles south-west of Derby, 29 miles north-east of Birmingham
Roads
A38, A42, A50, M1, M42
Rail
Burton-on-Trent Railway Station
Air
East Midlands Airport, Birmingham Airport
Situation
The property is situated to the south of the town centre in a prominent position on the west side of Anglesey Road, close to its junction with Shobnall Road and forming part of the major Anglesey Business Park. There is a major new residential housing estate opposite the property. Nearby occupiers include Topps Tiles and Booker Wholesale, with the Crown Industrial Estate to the rear of the site.
Tenure
Freehold.
Location
Miles
12 miles south-west of Derby, 29 miles north-east of Birmingham
Roads
A38, A42, A50, M1, M42
Rail
Burton-on-Trent Railway Station
Air
East Midlands Airport, Birmingham Airport
Situation
The property is situated to the south of the town centre in a prominent position on the west side of Anglesey Road, close to its junction with Shobnall Road and forming part of the major Anglesey Business Park. There is a major new residential housing estate opposite the property. Nearby occupiers include Topps Tiles and Booker Wholesale, with the Crown Industrial Estate to the rear of the site.
Tenure
Freehold.
Description
The property comprises a modern motor trade unit benefitting from 4 vehicle access bays and a mezzanine floor. The property benefits from an approximate site area of 0.24 hectares (0.59 acres), with a site coverage of approximately 17%, which also includes vacant land of approximately 0.39 acres currently used for car parking. The vacant land may benefit from development potential subject to consents.
Six Week Completion
VAT
VAT is not 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 motor trade unit benefitting from 4 vehicle access bays and a mezzanine floor. The property benefits from an approximate site area of 0.24 hectares (0.59 acres), with a site coverage of approximately 17%, which also includes vacant land of approximately 0.39 acres currently used for car parking. The vacant land may benefit from development potential subject to consents.
Six Week Completion
VAT
VAT is not 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 Mezzanine
Tyre Depot
363.06 sq m 144.83 sq m
(3,908 sq ft) (1,559 sq ft)
GOODYEAR DUNLOP TYRES UK LIMITED (1)
27 years from 01/04/1992 on a full repairing and insuring lease
£26,650
31/03/2014 (31/03/2019)
Land
0.39 acres
VACANT POSSESSION
Totals
507.89 sq m
(5,467 sq ft)
£26,650
(1) Goodyear Dunlop Tyres UK Limited were incorporated in 1927 and for the year ending 31st December 2014 reported a turnover of £311,484,000, a pre tax profit of £12,289,000 and a total net worth of £85,206,000. (Source: www.riskdisk.com.uk 15/02/2016). (2) The property has been sublet to South Cheshire Tyre and Exhaust Limited (t/a HiQ). (3) The floor areas stated above were agreed between the parties at the 2007 rent review
