Purpose built industrial terrace comprising 6 units
Established industrial area some 2.4 miles northwest of Walsall town centre
Strategically located close to M6 motorway (Junction 10)
Lot 53
Auction 28th March 2018
Rent £31,160 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
2.4 miles north-west of Walsall,
12 miles north-west of Birmingham
Roads
A34, M6 (Junction 10)
Rail
Bloxwich Rail
Air
Birmingham International Airport
Situation
Bloxwich is a town located 2.4 miles north-west of Walsall. The property is situated just off Fryers Road, at its junction with Willenhall Lane in a well established industrial area, just west of the main retailing pitch. Bloxwich benefits from strong road communications via the M6 motorway junctions 10 and 10a.
Tenure
Freehold.
Location
Miles
2.4 miles north-west of Walsall,
12 miles north-west of Birmingham
Roads
A34, M6 (Junction 10)
Rail
Bloxwich Rail
Air
Birmingham International Airport
Situation
Bloxwich is a town located 2.4 miles north-west of Walsall. The property is situated just off Fryers Road, at its junction with Willenhall Lane in a well established industrial area, just west of the main retailing pitch. Bloxwich benefits from strong road communications via the M6 motorway junctions 10 and 10a.
Tenure
Freehold.
Description
The property comprises a terrace of 6 ground floor industrial units, currently arranged as 5 units, with unit 1 benefiting from a mezzanine floor. The units benefit from roller shutter door access and a minimum eaves height of approximately 4.3m. The forecourt provides communal car parking for the units.
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 a terrace of 6 ground floor industrial units, currently arranged as 5 units, with unit 1 benefiting from a mezzanine floor. The units benefit from roller shutter door access and a minimum eaves height of approximately 4.3m. The forecourt provides communal car parking for the units.
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
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
1
Ground Mezzanine
Industrial Industrial
83.61 sq m 55.74 sq m
(900 sq ft) (600 sq ft)
INDIVIDUAL t/a MBA Custom Campers
3 years from 19/12/2017
£6,750
19/12/2020
2 & 3
Ground
Industrial
146.78 sq m
(1,580 sq ft)
LETS GROW HYDRO LIMITED (1)
6 years 18/09/2015 (2)
£7,900
18/09/2021
4
Ground
Industrial
83.61 sq m
(900 sq ft)
INDIVIDUAL t/a MBA Custom Campers
3 years from 16/01/2018
£5,760
16/01/2021
5
Ground
Industrial
83.61 sq m
(900 sq ft)
INDIVIDUAL
3 years from 19/04/2016
£4,500
19/04/2019
6
Ground
Industrial
86.9 sq m
(935 sq ft)
PIQUANT LIMITED (3)
6 years from 01/04/2016
£6,250
01/04/2022
Total
540.25 sq m
(5,815 sq ft)
£31,160
(1) Lets Grow Hydro Limited have been in occupation in excess of 10 years. Lets Grow Hydro opened their store in 1999 and work closely with hydroponic and indoor gardeners from all over the UK (Source: www.letsgrowhydro.co.uk 22/02/2018). (2) The lease provides an option to determine on 18/09/2018, subject to six months’ written notice. No notices have been received to date. (3) Piquant was founded in September 1986 and has been manufacturing standard and bespoke recipe sauces and mayonnaise for over 20 years. Piquant operate their headquarters from the adjacent site to the property (Source: www.piquant.co.uk 22/02/2018).
