Unit 4, Lark Valley Business Park, Lamdin Road Bury St. Edmunds IP32 6NU

Unit 4, Lark Valley Business Park, Lamdin Road
Bury St. Edmunds
IP32 6NU

Freehold Modern Industrial Investment

Let to Andrew Page Limited until 2021
Busy industrial area 2 miles north of the town centre
Approximately 4,865 sq ft (452 sq m)
Nearby occupiers include Volvo, BSS, Sally Hair and Beauty, Travis Perkins, Nissan and Mercedes Benz
Six Week Completion Available

Lot
35
Auction
26th May 2011
Rent
£34,055 per Annum Exclusive
Status
Sold
Price
£410,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Modern Industrial Investment

Let to Andrew Page Limited until 2021
Busy industrial area 2 miles north of the town centre
Approximately 4,865 sq ft (452 sq m)
Nearby occupiers include Volvo, BSS, Sally Hair and Beauty, Travis Perkins, Nissan and Mercedes Benz
Six Week Completion Available

Lot 35
Auction 26th May 2011
Rent £34,055 per Annum Exclusive
Status Sold
Price £410,000
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 30 miles east of Cambridge, 28 miles north-west of Ipswich, 42 miles south-west of Norwich
Roads: M11, A14, A134
Rail: Bury St Edmunds Rail
Air: London Stansted Airport

Situation

Lark Valley Business Park is located in a busy established industrial area 2 miles north of the town centre. The property is well situated, close to the A14 which connects to the M11 and A1(M). The property is situated on a modern high quality industrial estate in an established trade location. Neighbouring occupiers including Volvo, BSS, Sally Hair and Beauty, Travis Perkins, Nissan and Mercedes Benz.

Tenure

Freehold.

Location

Miles: 30 miles east of Cambridge, 28 miles north-west of Ipswich, 42 miles south-west of Norwich
Roads: M11, A14, A134
Rail: Bury St Edmunds Rail
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial modern industrial unit benefiting from a vehicle access loading door and an eaves height of approximately 7.4 metres (24 ft). The tenant is installing a mezzanine floor. The property also benefits from 10 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

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

Description

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
Ground	Industrial	452 sq m	(4,865 sq ft)	ANDREW PAGE LIMITED (1)	10 years from 15/04/2011 until 2021	£34,055 (2)	15/04/2016
Totals		452 sq m	(4,865 sq ft)			£34,055

(1) For the year ending 31st May 2010, Andrew Page Limited reported a turnover of £111,501,000, pre-tax profits of £12,152,000 and a net worth of £36,161,000. (Source: www.riskdisk.com 13.04.2011)
(2) The lease provides for a rent concession from the commencement date of the lease for 18 months and a 3 month rent free period in year 4. The seller will pay the buyer the rent that would have been payable in the absence of the rent concession from completion of the sale until 14th October 2012. Therefore the property will produce an income of £34,055 per annum exclusive from the completion of the sale.