Site area of approximately 0.951 acres (0.384 hectares)
Established industrial location within 1 mile of the M5 Motorway (Junction 1)
Lot 8
Auction 7th December 2017
Rent £87,808 per Annum Exclusive
Status Sold
Price £1,260,000
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3.8 miles north-west of Birmingham City Centre
Roads
A41, M5 (Junction 1), A38 (M)
Rail
The Hawthorns Rail
Air
Birmingham International Airport
Situation
Raleigh Industrial Estate is located within an established industrial district, 4 miles to the north of Birmingham City Centre on Camp Lane, close to its junction with Park Lane. The M5 motorway (Junction 1) is within 1 mile to the west. Raleigh Industrial Estate is situated 300 metres north of Birmingham Road (A41), which connects the M5 in the west to Birmingham city’s outer ring road to the east. West Bromwich Albion Football Club is located in the vicinity, along with other occupiers on Birmingham Road including Halfords, Hughes Electrical and The Range.
Tenure
Freehold.
Location
Miles
3.8 miles north-west of Birmingham City Centre
Roads
A41, M5 (Junction 1), A38 (M)
Rail
The Hawthorns Rail
Air
Birmingham International Airport
Situation
Raleigh Industrial Estate is located within an established industrial district, 4 miles to the north of Birmingham City Centre on Camp Lane, close to its junction with Park Lane. The M5 motorway (Junction 1) is within 1 mile to the west. Raleigh Industrial Estate is situated 300 metres north of Birmingham Road (A41), which connects the M5 in the west to Birmingham city’s outer ring road to the east. West Bromwich Albion Football Club is located in the vicinity, along with other occupiers on Birmingham Road including Halfords, Hughes Electrical and The Range.
Tenure
Freehold.
Description
The property comprises an industrial estate of 13 units, each benefitting from a forecourt area and parking. The units have recently been refurbished to provide fluorescent strip lighting, intermittent translucent roof lights and eaves heights ranging from 12 to 14 metres. Units 1-10 and 12 have roller shutter doors. Units 11 and 13 have concertina doors. There are 37 marked car parking spaces. The property has a site area of approximately 0.951 acres (0.384 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
The property comprises an industrial estate of 13 units, each benefitting from a forecourt area and parking. The units have recently been refurbished to provide fluorescent strip lighting, intermittent translucent roof lights and eaves heights ranging from 12 to 14 metres. Units 1-10 and 12 have roller shutter doors. Units 11 and 13 have concertina doors. There are 37 marked car parking spaces. The property has a site area of approximately 0.951 acres (0.384 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.
Tenancy & Accommodation
Unit
Floor
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reversion
1, 2 & 10
Ground
429.11 sq m
(4,619 sq ft)
PROFESSIONAL GAINS MEALS LIMITED
2 years from 01/06/2017
£25,910 (1)
31/05/2019
3
Ground
93.92 sq m
(1,011 sq ft)
ALLCORE LIMITED
2 years from 18/12/2015
£6,066 (1)
17/12/2017 (2)
4
Ground
93.83 sq m
(1,010 sq ft)
M8JOR INTERNATIONAL LIMITED
2 years from 08/12/2015
£6,066 (1)
09/12/2017 (2)
5
Ground
70.6 sq m
(760 sq ft)
ALL SECURED GARAGE & INDUSTRIAL DOORS LIMITED
5 years from 07/04/2015
£5,500 (3)
06/04/2020
6
Ground
70.69 sq m
(761 sq ft)
S&A INSTALLATIONS LIMITED
3 years from 02/08/2016
£5,000 (1)
01/08/2019
7
Ground
70.42 sq m
(758 sq ft)
JACKSONS WORKWEAR RENTAL LIMITED
3 years from 01/07/2016
£5,000 (1)
30/06/2019
8
Ground
70.42 sq m
(758 sq ft)
INDIVIDUAL t/a Ushas
3 years from 26/04/2016
£4,250 (3)
25/04/2019
9
Ground
76.92 sq m
(828 sq ft)
SMITH SERVICES LIMITED
3 years from 26/08/2016
£4,950 (1)
25/08/2019
11
Ground
93.92 sq m
(1,011 sq ft)
ELZA WHOLESALE LIMITED
3 years from 08/08/2016
£6,066 (1)
17/08/2019
12
Ground
94.11 sq m
(1,013 sq ft)
INDIVIDUAL
3 years from 27/07/2017
£7,500 (3)
26/07/2020
13
Ground
234 sq m
(2,521 sq ft)
SCIENCE OF 8 LIMITED
3 years from 12/10/2016
£11,500 (3) (4)
11/10/2019
Electricity Sub-station
-
-
-
MIDLANDS ELECTRICITY BOARD
99 years from 19/05/1987
Peppercorn
18/05/2086
Totals
1,397.94 sq m
(15,050 sq ft)
£87,808
(1) The rent is inclusive of service charge and insurance rent. (2) As to Units 3 and 4, the tenants are in discussions with the Seller with regard to new leases. (3) The rent is inclusive of service charge. (4) The lease provides a fixed rental uplift to £12,500 on 12/10/2018.
Contacts
Seller's Solicitors
Clyde & Co LLP The St Botolph Building, 138 Houndsditch London EC3A 7AR
