Phoenix Business Park Brindley Road Hinckley Leicestershire LE10 3BY

Phoenix Business Park
Brindley Road
Hinckley
Leicestershire
LE10 3BY

Freehold Industrial Investment

Industrial estate comprising 18 units
Approximately 15,340 sq ft
Site area of approximately 1.1 acres
Asset Management Opportunities
Established industrial location close to A5 and M69

Lot
7
Auction
13th July 2017
Rent
£89,040 per Annum Exclusive
Status
Sold
Price
£1,200,000
Sector
Industrial/Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Expand
Photos
Map

Freehold Industrial Investment

Industrial estate comprising 18 units
Approximately 15,340 sq ft
Site area of approximately 1.1 acres
Asset Management Opportunities
Established industrial location close to A5 and M69

Lot 7
Auction 13th July 2017
Rent £89,040 per Annum Exclusive
Status Sold
Price £1,200,000
Sector
Industrial/Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 15 miles south-west of Leicester, 22 miles east of Birmingham
Roads: A5, A47, M69 (Junction 1)
Rail: Hinckley Railway Station
Air: Birmingham Airport, East Midlands Airport

Situation

Phoenix Business Park is located off the A47, Dodwells Road, within a mile of Dodwells Bridge Island where it joins the A5, off which leads the M69, about 3 miles to the south-east. Nearby occupiers include Tesco Hinckley Depot, DS Smith and Alliance Healthcare. Harrowbrook Industrial Estate is located nearby with occupiers including Travis Perkins, EL Logistics and Anglo-Amercian Leisure UK.

Tenure

Freehold.

Location

Miles: 15 miles south-west of Leicester, 22 miles east of Birmingham
Roads: A5, A47, M69 (Junction 1)
Rail: Hinckley Railway Station
Air: Birmingham Airport, East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises an industrial estate comprising 18 units with a service yard and security fencing. The property has a site area of about 1.1 acres.

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 an industrial estate comprising 18 units with a service yard and security fencing. The property has a site area of about 1.1 acres.

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	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
1	Ground	Industrial	67.82 sq m	(730 sq ft)	LAPPING SERVICES LIMITED with Personal Guarantee	2 years and 6 months from 04/02/2015	£4,000	(03/08/2017) (1)
2	Ground	Industrial	67.82 sq m	(730 sq ft)	PRESTIGE POS PLASTICS LIMITED with Personal Guarantee	3 years from 05/01/2015	£4,000	(04/01/2018)
3	Ground	Industrial	68.75 sq m	(740 sq ft)	GM BELT SUPPLIES with Personal Guarantee	6 years from 15/03/2014	£4,200	(24/03/2020)
4 & 5	Ground	Industrial	135.64 sq m	(1,460 sq ft)	ROBERT WRIGHT (LEICESTER) LIMITED t/a Wright Automotive with Personal Guarantee	6 years from 25/03/2014	£9,240	(24/03/2020)
6	Ground	Industrial	67.82 sq m	(730 sq ft)	ROBERT WRIGHT (LEICESTER) LIMITED t/a Wright Automotive with Personal Guarantee	Approximately 4 years and 6 months from 03/10/2015	£4,200	(24/03/2020)
7	Ground	Industrial	67.82 sq m	(730 sq ft)	J. HOLDBACK	3 years from 25/12/2014	£4,000	(24/12/2017)
8	Ground	Industrial	67.82 sq m	(730 sq ft)	S. OAKES t/a Selectaweld Power Systems	6 years from 25/03/2014 (2)	£4,200	(24/03/2020)
9	Ground	Industrial	67.82 sq m	(730 sq ft)	G T MOTORSPORT LIMITED with Personal Guarantee	6 years from 25/03/2014 (3)	£4,200	(24/03/2020)
10	Ground	Industrial	67.82 sq m	(730 sq ft)	R. GOLBY	Approximately 4 years and 1 month from 01/03/2016 (4)	£4,200	30/04/2019 (30/04/2020)
11	Ground	Industrial	67.82 sq m	(730 sq ft)	ABSOLUTE METROLOGY LIMITED with Personal Guarantee	3 years from 31/03/2012	£4,200	Holding Over
12	Ground	Industrial	135.64 sq m	(1,460 sq ft)	PRESTIGE POS PLASTICS LIMITED with Personal Guarantee	6 years from 25/03/2014	£8,400	(24/03/2020)
13	Ground	Industrial	135.64 sq m	(1,460 sq ft)	DOLPHIN MOTORS LIMITED with a Personal Guarantee	6 years from 25/03/2014	£8,800	(24/03/2020)
14	Ground	Industrial	67.82 sq m	(730 sq ft)	T. KOWALCZYK	3 years and 3 months from 17/03/2017	£4,500	(16/06/2020)
15	Ground	Industrial	67.82 sq m	(730 sq ft)	THE CREATIVE ACRYLIC GROUP LIMITED with Personal Guarantee	3 years and 2 months from 27/04/2017	£4,500	(26/06/2020)
16	Ground	Industrial	67.82 sq m	(730 sq ft)	WONKY VEGETABLES LIMITED with Personal Guarantee	3 years and 3 months from 09/01/2017 (5)	£4,200	(08/03/2020)
17	Ground	Industrial	67.82 sq m	(730 sq ft)	N & M GOWER t/a R-Tech Performance	3 years from 01/08/2012	£4,200	Holding Over (6)
18	Ground	Industrial	135.64 sq m	(1,460 sq ft)	AMG EXPRESS COURIERS LIMITED with Personal Guarantee (7)	3 years from 01/06/2015	£8,000	(31/05/2018)
Totals			1,425.15 sq m	(15,340 sq ft)			£89,040

(1) Solicitors are instructed in respect of a new 3 year reversionary lease, with a tenant break option after 18 months at a rent of £4,500 per annum.
(2) The lease provides for a tenant option to determine on 24th March 2019.
(3) The lease provides for a tenant option to determine on 24th March 2019.
(4) The lease provides for a tenant option to determine on 30th April 2019.
(5) The lease provides for a tenant option to determine on 9th July 2018.
(6) The tenant will be vacating on or before 14th August 2017.
(7) The tenant has requested to surrender the lease and grant a new 4 year lease at £8,000 per annum, with a rent review on 31st May 2018. The lease will be taken in the name of Classic Couriers Limited.