Units 1 - 11, Netherwood Industrial Estate Ratcliffe Road Atherstone Warwickshire CV9 1JA

  • Units 1 - 11, Netherwood Industrial Estate<br>Ratcliffe Road<br>Atherstone<br>Warwickshire<br>CV9 1JA

Units 1 - 11, Netherwood Industrial Estate
Ratcliffe Road
Atherstone
Warwickshire
CV9 1JA

Freehold Industrial Estate Investment

  • Multi let industrial park currently arranged as 11 units
  • Excellent motorway links close to the M42, M6 and M1
  • On-site parking with an approximate site area of 1.62 hectares (4.01 acres)
  • Asset management potential
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    83
  • Auction
    19th May 2016
  • Rent
    £99,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Colliers Receivers
Important Update
  • Expand
  • Photos
  • Map

Freehold Industrial Estate Investment

  • Multi let industrial park currently arranged as 11 units
  • Excellent motorway links close to the M42, M6 and M1
  • On-site parking with an approximate site area of 1.62 hectares (4.01 acres)
  • Asset management potential
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 83
  • Auction 19th May 2016
  • Rent £99,500 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Colliers Receivers

Property Information

Location
Miles
20 miles north-east of Birmingham, 19 miles west of Leicester, 27 miles south of Derby
Roads
A5, M42 (Junction 20), A444
Rail
Atherstone Rail
Air
Birmingham International Airport
Situation

Atherstone is a market town some 20 miles north-east of Birmingham and 19
miles west of Leicester, located on the major A5 trunk road which runs from
London to Holyhead and links directly with the M62 Motorway some 6 miles
north-west of the property. Netherwood Industrial Estate is well located to the
north-east of the town centre in a predominantly industrial area.

Tenure

Freehold.

Location
Miles
20 miles north-east of Birmingham, 19 miles west of Leicester, 27 miles south of Derby
Roads
A5, M42 (Junction 20), A444
Rail
Atherstone Rail
Air
Birmingham International Airport
Situation

Atherstone is a market town some 20 miles north-east of Birmingham and 19
miles west of Leicester, located on the major A5 trunk road which runs from
London to Holyhead and links directly with the M62 Motorway some 6 miles
north-west of the property. Netherwood Industrial Estate is well located to the
north-east of the town centre in a predominantly industrial area.

Tenure

Freehold.

Description

The property comprises three self-contained industrial units currently arranged
as 11 units. The units benefit from on-site parking and large approximate site
area of 1.62 hectares (4.01 acres).

Six Week Completion

NB: As to the VAT status please refer to the special conditions.

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 three self-contained industrial units currently arranged
as 11 units. The units benefit from on-site parking and large approximate site
area of 1.62 hectares (4.01 acres).

Six Week Completion

NB: As to the VAT status please refer to the special conditions.

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 No. Floor Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
2
4
6		 Ground
Ground
Mezzanine
Ground
1,294.5 sq m
367.3 sq m
45.7 sq m
390.3 sq m
(13,934 sq ft)
(3,954 sq ft)
(492 sq ft)
(4,201 sq ft)
 INDIVIDUALS
t/a
K Millichamp and Sons
Haulage and Warehousing		 3 years from 01/03/2012 £83,000 28/02/2015 (1)
3 Ground
Mezzanine
368.0 sq m
56.4 sq m
(3,961 sq ft)
(607 sq ft)
 INDIVIDUAL
t/a
Whitmore Auto Centre		 3 years from 06/03/2015 £16,000 05/03/2018
5 Ground
393.8 sq m
(4,239 sq ft)
 VACANT POSSESSION      
1 Ground
1,594 sq m
(17,158 sq ft)
 MR TOOL (ATHERSTONE)
LIMITED		 999 Years from 25/03/1997 £100 24/03/2996
7
8		 Ground
Ground
390.7 sq m
393.7 sq m
(4,205 sq ft)
(4,238 sq ft)
 VALANCE CONCEPTS
LIMITED		 999 years from 01/01/2000 Peppercorn 31/12/2998
9 Ground
431.8 sq m
(4,648 sq ft)
 INDIVIDUALS
t/a
K Millichamp and Sons
Haulage and Warehousing		 999 years from 25/03/1997 £100 24/03/2996
10 Ground
425.4 sq m
(4,579 sq ft)
 INDIVIDUALS
t/a
K Millichamp and Sons
Haulage and Warehousing		 999 years from 29/11/2002 £100 28/11/3001
11 Ground
Mezzanine A
Mezzanine B
427.3 sq m
193.6 sq m
74.4 sq m
(4,599 sq ft)
(2,084 sq ft)
(801 sq ft)
 BRAMCOTE LIMITED 999 years from 25/03/1997 £100 24/03/2996
Land  
INDIVIDUALS
t/a
K Millichamp and Sons
Haulage and Warehousing		 999 years from 25/03/1997 £100 24/03/2996
Totals  
6,846.9 sq m
(73,700 sq ft)
     £99,500

(1) The tenant is currently holding over. A lease renewal with the tenant is in solicitors’ hands for Unit 2 only for a term of 3 years from 24th June at £53,000 p.a.x. Units 4 & 6 are to be surrendered simultaneously and terminal dilapidations undertaken.

Property Documents

  • Site Plan
    Updated Date
    31.10.19
    File Size
    72 KB
    View PDF
  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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