Focus DIY & Gardening, Unit 2 Bran Close Swansea Mid Glamorgan SA7 9DE

Focus DIY & Gardening, Unit 2 Bran Close
Swansea
Mid Glamorgan
SA7 9DE

Substantial Retail Warehouse Unit

Entirely let to Focus (DIY) Limited (guaranteed by Focus Retail Group plc) until 2027
Approximate site area of 0.99 hectares (2.434 acres)
Established industrial area close to Junctions 44 and 45 of the M4 motorway
Nearby occupiers include Halfords, Carpet Right, Renault and Poundstretcher
Large on-site car park for approximately 125 cars
Rent: £300,000 per annum exclusive (gross), £270,000 per annum exclusive (net)

Lot
24
Auction
26th May 2011
Rent
£300,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of <br />Henderson Global <br />Investors Ltd

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Substantial Retail Warehouse Unit

Entirely let to Focus (DIY) Limited (guaranteed by Focus Retail Group plc) until 2027
Approximate site area of 0.99 hectares (2.434 acres)
Established industrial area close to Junctions 44 and 45 of the M4 motorway
Nearby occupiers include Halfords, Carpet Right, Renault and Poundstretcher
Large on-site car park for approximately 125 cars
Rent: £300,000 per annum exclusive (gross), £270,000 per annum exclusive (net)

Lot 24
Auction 26th May 2011
Rent £300,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Retail Warehouse
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of <br />Henderson Global <br />Investors Ltd

Property Information

Location

Miles: 3.6 miles north-east of Swansea city centre, 42 miles north-west of Cardiff
Roads: A48, A4217, M4 (Junction 44)
Rail: Llansamlet Railway Station
Air: Swansea Airport

Situation

The property is situated in an established industrial location in Swansea Industrial Estate on the eastern side of Bran Close at the roundabout which links to Fendrod Way and Phoenix Way. The property lies less than 2 miles from both Junctions 44 and 45 of the M4 motorway and forms part of a major retail park including Enterprise Retail Park, Lakeside Retail Park, Phoenix Retail Park and Tesco Extra Superstore. Nearby occupiers include Halfords, Carpet Right, Renault and Poundstretcher.

Tenure

Long Leasehold. Held from Swansea Council for 125 years from 29th September 2001 until 29th September 2126 at 10% of rents received. The current head rent is £30,000 pax (2)

Location

Miles: 3.6 miles north-east of Swansea city centre, 42 miles north-west of Cardiff
Roads: A48, A4217, M4 (Junction 44)
Rail: Llansamlet Railway Station
Air: Swansea Airport

Situation

Tenure

Long Leasehold. Held from Swansea Council for 125 years from 29th September 2001 until 29th September 2126 at 10% of rents received. The current head rent is £30,000 pax (2)

Description

The property comprises a retail warehouse currently used as a garden centre and greenhouse. The property benefits from a large car parking area providing some 125 spaces and an approximate site area of 0.99 hectares (2.434 acres).

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	Retail Warehouse/ Garden/Greenhouse	2,538.09 sq m	(27,320 sq ft)	FOCUS (DIY) LTD (1) (guaranteed by Focus Retail Group plc)	35 years from 25/09/1992 until 24/09/2027 on a full repairing and insuring lease	£300,000	29/09/2012 and 5 yearly thereafter
Totals		2,538.09 sq m	(27,320 sq ft)			£300,000

(1) Founded in 1987 and operating from over 175 stores throughout England, Scotland and Wales, Focus DIY & Gardening are one of the leading DIY and gardening retailers in the UK. (Source: www.focusdiy.co.uk 27/04/2011)
(2) The headlease benefits from an open A1 user clause.