WF Senate Farthing Road Ipswich Suffolk IP1 5BL

WF Senate
Farthing Road
Ipswich
Suffolk
IP1 5BL

Freehold Industrial/Trade Counter Investment

Let to W F Electrical Plc, a subsidiary of Rexel UK Ltd
Prominent corner position close to A14 (Junction 54)
Located within well established industrial estate
Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions

Lot
48
Auction
13th July 2017
Rent
£39,000 per Annum Exclusive
Status
Sold
Price
£537,500
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Industrial/Trade Counter Investment

Let to W F Electrical Plc, a subsidiary of Rexel UK Ltd
Prominent corner position close to A14 (Junction 54)
Located within well established industrial estate
Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions

Lot 48
Auction 13th July 2017
Rent £39,000 per Annum Exclusive
Status Sold
Price £537,500
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 19 miles north-east of Colchester, 26 miles south-east of Bury St Edmunds
Roads: A14 (Junction 54)
Rail: Ipswich Rail
Air: London Stansted Airport

Situation

The property is situated approximately 2 miles west of Ipswich town centre, in the Sproughton Road Industrial Area. The property occupies a prominent corner position fronting Farthing Road, at its junction with Sproughton Road, just off junction 54 of the A14. Nearby occupiers include Ipswich Volkswagen, Wolsey Van Centre, MGC Lighting and Geoquip Water Solutions.

Tenure

Freehold.

Location

Miles: 19 miles north-east of Colchester, 26 miles south-east of Bury St Edmunds
Roads: A14 (Junction 54)
Rail: Ipswich Rail
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached single storey light industrial building comprising warehouse and office accommodation, currently arranged to provide trade counter accommodation. The property benefits from a large yard/storage area to the side and rear of the property, as well as parking in the forecourt. The site has an approximate site area of 0.757 acres (0.306 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
Ground Ground	Industrial Offices	738.8 sq m 140.1 sq m	(7,952 sq ft) (1,508 sq ft)	W.F ELECTRICAL PLC t/a WF Senate (1)	Approx 21 years from 21/04/1999 until 28/04/2020 on a full repairing lease (2)	£39,000	29/04/2019
Total		878.9 sq m	(9,460 sq ft)			£39,000

(1) WF Electrical Plc (now WF Electrical Ltd) are a subsidiary of Rexel UK Ltd. WF Senate is part of the Rexel Group, a global leader in the distribution of electrical supplies and services. WF Senate have over 80 branches throughout the UK (Source: www.wfsenate.co.uk 30/05/2017).
(2) The landlord is responsible for insurance and such insurance costs are recouped from the tenant.