Let to Saint Gobain Building Distribution Limited (t/a Grahams) for 15 years until 2023
Situated on busy modern estate developed in 2008
Substantial modern industrial unit with office areas totalling 12,280 sq ft (1,140.85 sq m)
Close to M11 and A14
Six Week Completion Available
Unit 1 is being offered separately as Lot 47
Lot 17
Auction 26th May 2011
Rent £95,000 per Annum Exclusive
Status Sold
Price £1,130,000
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
34 miles south-east of Peterborough, 28 miles north-east of Bedford, 60 miles north of London
Roads
M11, A14, A1(M)
Rail
Cambridge Rail, Huntingdon Rail
Air
Stansted Airport
Situation
The property is strategically situated adjacent to the A14 trunk road which connects the M11 and A1(M) as well as Huntingdon and Cambridge.
The property is prominently situated on this modern and attractive business park which was developed in 2008. Other occupiers on the estate include Aixtron, Crucial Cuisine and Data Conversions Systems.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the site at a peppercorn rent. The buyer will benefit from a share in the management company that manages Buckingway Business Park.
Location
Miles
34 miles south-east of Peterborough, 28 miles north-east of Bedford, 60 miles north of London
Roads
M11, A14, A1(M)
Rail
Cambridge Rail, Huntingdon Rail
Air
Stansted Airport
Situation
The property is strategically situated adjacent to the A14 trunk road which connects the M11 and A1(M) as well as Huntingdon and Cambridge.
The property is prominently situated on this modern and attractive business park which was developed in 2008. Other occupiers on the estate include Aixtron, Crucial Cuisine and Data Conversions Systems.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the site at a peppercorn rent. The buyer will benefit from a share in the management company that manages Buckingway Business Park.
Description
The property comprises 2 modern industrial units adjoining with integral office accommodation. The units benefit from an eaves height of approximately 6.5 metres (21 ft) and 21 car parking spaces. The property also benefits from 2 vehicle access loading doors.
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 2 modern industrial units adjoining with integral office accommodation. The units benefit from an eaves height of approximately 6.5 metres (21 ft) and 21 car parking spaces. The property also benefits from 2 vehicle access loading doors.
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
Reviews
Units 5 & 6
Industrial
1,140.85 sq m
(12,280 sq ft)
SAINT GOBAIN BUILDING DISTRIBUTION LIMITED (t/a Grahams) (1)
15 years from 22/07/2008 until 2023 on a full repairing and insuring lease
£95,000
22/07/2013 and 5 yearly
Totals
1,140.85 sq m
(12,280 sq ft)
£95,000
(1) For the year ending 31st December 2009, Saint-Gobain Building Distribution Limited reported a turnover of £290,057,000, pre-tax profits of £41,575,000 and a total net worth of £133,432,000 (Source: www.riskdisk.com 24/03/2011)
