Total approximate site area of 1.42 hectares (3.51 acres)
Approximately 50% site coverage
Six week completion available
Lot 29
Auction 22nd February 2011
Rent £307,361 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
8 miles east of Tewkesbury
11 miles north-east of Cheltenham
22 miles south-west of Stratford-Upon-Avon
Roads
A46, A44, M5
Rail
Cheltenham Spa Rail
Air
Gloucestershire Airport
Situation
The property is situated on the busy Orchard Trading Estate which is close to the junction which links the B4077 with the B4078. The A46 is some 4 miles to the west connecting to the M5 motorway (Junction 9) which is a further 3 miles away.
Tenure
Freehold.
Location
8 miles east of Tewkesbury
11 miles north-east of Cheltenham
22 miles south-west of Stratford-Upon-Avon
Roads
A46, A44, M5
Rail
Cheltenham Spa Rail
Air
Gloucestershire Airport
Situation
The property is situated on the busy Orchard Trading Estate which is close to the junction which links the B4077 with the B4078. The A46 is some 4 miles to the west connecting to the M5 motorway (Junction 9) which is a further 3 miles away.
Tenure
Freehold.
Description
The property comprises a substantial modern terrace of FOUR INDUSTRIAL UNITS. Each unit includes a GROUND FLOOR WORKSHOP with an approximate eaves height of 4.5 metres (15 ft). The property benefits from a total approximate site area of 1.42 hectares (3.51 acres) and an approximate site coverage of 50%.
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 substantial modern terrace of FOUR INDUSTRIAL UNITS. Each unit includes a GROUND FLOOR WORKSHOP with an approximate eaves height of 4.5 metres (15 ft). The property benefits from a total approximate site area of 1.42 hectares (3.51 acres) and an approximate site coverage of 50%.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
17, 18, 19 & 20
Workshop
5,512.45 sq m
(59,336 sq ft)
JOHNSON SECURITY LTD (1)
20 years from 30/09/2004 until 2024 on a full repairing and insuring lease
£307,361.34
2014 and 2019 (2)
Totals
5,512.45 sq m
(59,336 sq ft)
£307,361.34
(1) Johnson Security Ltd manufactures security vans for Group 4 and The Post Office as well as all the other main cash in transit companies, high street banks and major supermarket chains in the UK and Europe and are known throughout the security industry for technical innovation and solid reliability. In 2007, Johnson Security Ltd became part of the Chinese FD-Johnson Group. (Source: www.johnson-security.co.uk) For the year ending 31st December 2009, Johnson Security Ltd reported a turnover of £11,479,000, a pre-tax profit of £85,000 and a net worth of £2,153,000. (Source: www.riskdisk.com 26/01/2011) (2) The rent reviews are geared to RPIX (Retail Price Index excluding mortgage interest payments) in accordance with the Fifth Schedule of the lease.
