Located on the established Stafford Park 15 Industrial Estate
Nearby occupiers include Jewson, AViramp, Lister Trade Counter, Kwik Fit Plus and Enterprise Rent a Car
One mile from M54 Motorway (Junction 4)
Lot 36
Auction 28th March 2018
Rent £43,270 per Annum Exclusive
Status Sold Post
Price
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles east of Shrewsbury, 30 miles north-west of Birmingham
Roads
A442, A464, M54 (Junction 4)
Rail
Telford Central Railway Station
Air
Birmingham Airport
Situation
The property is situated on Stafford Park 15, an established industrial location accessed just off the A442 and A464 dual carriageways, which in turn lead to the M54 motorway. Telford town centre is located 1.5 miles to the west. Nearby occupiers include Jewson, AViramp, Lister Trade Counter, Kwik Fit Plus and Enterprise Rent a Car.
Tenure
Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.
Location
Miles
12 miles east of Shrewsbury, 30 miles north-west of Birmingham
Roads
A442, A464, M54 (Junction 4)
Rail
Telford Central Railway Station
Air
Birmingham Airport
Situation
The property is situated on Stafford Park 15, an established industrial location accessed just off the A442 and A464 dual carriageways, which in turn lead to the M54 motorway. Telford town centre is located 1.5 miles to the west. Nearby occupiers include Jewson, AViramp, Lister Trade Counter, Kwik Fit Plus and Enterprise Rent a Car.
Tenure
Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.
Description
The property comprises a ground floor industrial unit with extensive warehouse and ancillary accommodation, benefiting from car parking rights.
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 a ground floor industrial unit with extensive warehouse and ancillary accommodation, benefiting from car parking rights.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Gross Internal Floor Areas (Approx).
Tenant
Term
Rent p.a.x
Review
C5 & C6
Ground
Warehouse/ Industrial
798.22 sq m
(8,592 sq ft)
LVS SMALL PLASTIC PARTS LIMITED (1)
5 years from 24/06/2017 on a full repairing and insuring lease (lease renewal)
£43,270
24/06/2020
(1) Founded in 1975, LVS Small Plastic Parts Limited are the UK’s leading injection moulding company and plastic manufacturer with clients including Jaguar Land Rover, JCB and Bentley (Source: www.small-plastic-parts.co.uk 21/02/2018). The tenant also occupies Units F1/F4 on the estate and has been a tenant on the site for over 20 years.
