BP Petrol Filling Station and Spar Ely Road (A10) Waterbeach (near Cambridge) Cambridgeshire CB25 9PQ

  • BP Petrol Filling Station and Spar<br>Ely Road (A10)<br>Waterbeach (near Cambridge)<br>Cambridgeshire<br>CB25 9PQ

BP Petrol Filling Station and Spar
Ely Road (A10)
Waterbeach (near Cambridge)
Cambridgeshire
CB25 9PQ

Freehold Petrol Filling Station

  • Rising to £94,139 per annum in October 2020
  • Entirely let to Malthurst Petroleum Limited until September 2025 (no breaks)
  • Fixed rental increase in October 2020
  • Strategically located on a busy London to Cambridge & King’s Lynn arterial route (A10)
  • Approximate site area of 0.20 hectares (0.49 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    7
  • Auction
    23rd March 2016
  • Rent
    £83,205 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,410,000
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Receivers CBRE
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Freehold Petrol Filling Station

  • Rising to £94,139 per annum in October 2020
  • Entirely let to Malthurst Petroleum Limited until September 2025 (no breaks)
  • Fixed rental increase in October 2020
  • Strategically located on a busy London to Cambridge & King’s Lynn arterial route (A10)
  • Approximate site area of 0.20 hectares (0.49 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 7
  • Auction 23rd March 2016
  • Rent £83,205 per Annum Exclusive
  • Status Sold
  • Price £1,410,000
  • Sector
    Motor Trade, Petrol Station
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On Behalf of Receivers CBRE

Property Information

Location
Miles
5 miles north-east of Cambridge, 31 miles west of Bury St Edmunds, 33 miles south-east of Peterborough
Roads
A10, A14, A142, M11
Rail
Waterbeach Rail Station (direct to Cambridge Railway Station in 6 mins)
Air
Stansted Airport
Situation

The property is strategically located on the western side of the A10, a major arterial route that connects London to Cambridge and King’s Lynn. The property is situated some five miles north-east of Cambridge city centre close to Glenmure Business Park and Cambridge Research Park, which occupies some 112 acres of landscaped grounds and is currently home to approximately 20 companies employing in excess of 330 employees. Access can be achieved from both the M11 Motorway (South) and A1 (North).

Tenure

Freehold.

Location
Miles
5 miles north-east of Cambridge, 31 miles west of Bury St Edmunds, 33 miles south-east of Peterborough
Roads
A10, A14, A142, M11
Rail
Waterbeach Rail Station (direct to Cambridge Railway Station in 6 mins)
Air
Stansted Airport
Situation

The property is strategically located on the western side of the A10, a major arterial route that connects London to Cambridge and King’s Lynn. The property is situated some five miles north-east of Cambridge city centre close to Glenmure Business Park and Cambridge Research Park, which occupies some 112 acres of landscaped grounds and is currently home to approximately 20 companies employing in excess of 330 employees. Access can be achieved from both the M11 Motorway (South) and A1 (North).

Tenure

Freehold.

Description

The property comprises a petrol filling station with Spar retail store. The site provides for 3 pump islands, each containing 6 pumps and set under a freestanding canopy.

Six week completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 petrol filling station with Spar retail store. The site provides for 3 pump islands, each containing 6 pumps and set under a freestanding canopy.

Six week completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 Review/(Reversion)
Ground
 Petrol Filling Station
& Retail
133.59 sq m
(1,438 sq ft)
 MALTHURST
PETROLEUM
LIMITED (1)		 20 years from 01/10/2005 on a
full repairing and insuring lease		 £83,205 rising to
£94,139 in October 2020		 01/10/2020 (2)
(30/09/2025)
Totals  
133.59 sq m
(1,438 sq ft)
     £83,205

(1) For the year ending 28th September 2014, Malthurst Petroleum Limited reported a turnover of £742,241,000, pre-tax profits of £13,670,000 and a total net worth of £71,719,000 (Source: Experian Group 22/02/2016).
(2) The lease is subject to a fixed rental increase in October 2020 to £94,139 per annum.
(3) The approximate floor areas are for the Spar retail unit only.

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King street
Leeds
LS1 2HL
Mark Byrne 0113 283 2500mark.byrne@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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