Rayleigh Industrial Estate Camp Lane, Handsworth Birmingham West Midlands B21 8JF

Rayleigh Industrial Estate
Camp Lane, Handsworth
Birmingham
West Midlands
B21 8JF

Freehold Industrial Estate Investment

Fully let industrial estate comprising 13 units
Approximately 1,398 sq m (15,050 sq ft)
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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Industrial Estate Investment

Fully let industrial estate comprising 13 units
Approximately 1,398 sq m (15,050 sq ft)
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

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

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.